B+E Lists Little Rock Joshen Paper Property for $3 million
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B+E, the first brokerage and technology platform for net lease real estate, announced the listing of the Joshen Paper property located at 3120 I-30, Little Rock, AR for $3,013,000.
The property is +/- 84,450 square feet and sits on +/- 4.87 acres of land and is listed at an initial cap rate of 6.25%. There are approximately six and a half years remaining on the lease.
“This investment features an investment grade NNN lease with a 3% annual rent escalation, providing investors with a secure passive rental income along with a built-in inflation hedge,” said Tim Hain with B+E. “The Joshen Paper property is ideally located directly off of Interstate 30, a key logistics delivery thorough fare, connecting to many large metropolitan areas including the Dallas–Fort Worth metroplex, the Texarkana metropolitan area, and the Little Rock metropolitan area.”
Joshen Paper is well-positioned throughout COVID-19 due to strong demand for their products, including their food service product line and toilet paper.
As of February 20, 2020, this investment is guaranteed by Bunzl, an international distribution and services company that supplies a range of consumable products to grocery stores, supermarkets, retail chains, convenience stores, food wholesalers, ethnic grocers, and organic food outlets in over 31 countries. Bunzl currently holds an investment grade credit rating of BBB+ from the S&P.
For more information, contact Tim Hain at thain@benetlease.com or go to www.benetlease.com
