Cummins杰克逊维尔位于Pickettville路755号,距离杰克逊维尔市中心以西±6.5英里处的±34,655净平方英尺。该物业为投资者提供了获得绝对NNN租赁投资的机会,尽量少的房东/环境风险和被动投资者的责任。该物业于1999年建成,是一座单层租户工业大厦,占地面积达±5.34平方米。这些改进包括车辆服务和维修设施,包括±21,979 平方英尺的仓库空间,两级办公空间的±11,372 平方英尺,夹层存储空间的±1,304平方英尺,装载码头的±750平方英尺,服务舱的±2,060 平方英尺空间。该物业还设有24英尺高的天花板,17个服务舱,两个部分海湾,底盘炮台湾,蒸汽湾和码头高装载海湾。整个场地用铁丝网围栏固定。Cummins公司是一家财富500强企业,负责设计,制造和分销发动机,过滤和发电产品。Cummins还为发动机和相关设备提供服务,包括燃油系统,控制,空气处理,过滤,排放控制和发电系统。在第二次世界大战后,美国道路建设繁荣Cummins与其N系列发动机成为重型卡车发动机的领导者。从1952年到1959年,他们有一半以上的市场。二十世纪六十年代,公司在苏格兰的布雷茨(Shotts)开设了装配厂,到2013年,已经在197个国家和地区开展业务。Cummins是国家信贷承租人和高增长公司,最近从标准普尔的信贷升级中将Cummins的企业信用评级从A升至A +,其业务成功,地域多样性,占重型产品线40%的市场份额,以及60%卡车发动机中型产品线
Cummins Jacksonville is located at 755 Pickettville Road and consists ±34,655 net SF located ±6.5 miles west of the Jacksonville CBD. This Property presents investors with the opportunity to acquire an absolute NNN lease investment with minimal landlord/environmental risk and responsibilities for passive investors.
Constructed in 1999, the Property is a single-tenant industrial building situated on a ±5.34 AC parcel of land. The improvements include a vehicle service and repair facility consisting of ±21,979 SF of warehouse space, ±11,372 SF of office space on two levels, ±1,304 SF of mezzanine storage space, a ±750 SF loading dock, and ±2,060 SF of service canopy space. The Property also features 24’ high ceilings, 17 service bays, two parts bays, a chassis dyno bay, a steam bay and a dock high loading bay. The entire site is secured with barbed wire fencing.
Cummins Inc. is a Fortune 500 corporation that designs, manufactures, and distributes engines, filtration, and power generation products. Cummins also services engines and related equipment, including fuel systems, controls, air handling, filtration, emission control and electrical power generation systems. In the post WWII U.S. road building boom Cummins, with their N Series engines, became the leader in heavy duty truck engines. From 1952 to 1959, they had more than half the market. In the 1960s, the company opened an assembly plant in Shotts, Scotland and by 2013, they had operations in 197 countries and territories. Cummins is a national credit tenant and high growth company with recent credit upgrade from S&P whom raised Cummins corporate credit rating from A to A+ for its operational success, geographic diversity, market share of 40% of the heavy duty product line and 60% of the medium duty product line for truck engines. The Property is 100% leased to Cummins, Inc, whose lease commenced in 2006 and is operating on the first (current) option term which began on 1/1/2016, expires 12/31/2020, and has 3% annual increases. The second (future) option term for each lease would begin on 1/1/2021, expires 12/31/2025, and has 2% annual increases. These solid annual rent increases with an attractive 3% annual rent increases for the first 5 years and 2% for the last 5 years, provides a hedge against inflation.
The Property is located along the east side of Pickettville Road, just south of Commonwealth Avenue in Jacksonville. The Property is located adjacent to Interstate 295, 0.7 miles north of U.S. Highway 90, 1.1 miles north of Interstate 10, and 5.5 miles west of Interstate 95. The Jacksonville International Airport is approximately 12 miles north of the Property. Land uses immediately surrounding the Property consists primarily of commercial and industrial developments. There are several industrial properties that line Pickettville Road including Penske Truck Rental, Kenworth of Jacksonville, Ryder Truck Rental, Veolia ES Industrial Services, and Fastenal. Other industrial properties within close proximity include U-Pack, Raven Transport, Transtar Industries, Jack Becker Distributors, TCI Tire Centers, and Raven Transport. This property will be auctioned on Monday, January 1 - Monday, January 1. For information and to register to bid on this property, please visit Ten-X.com.