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JLL Capital Markets is pleased to present the opportunity to purchase the fee simple interest in FABco Salt Lake, a 22,522 single-tenant industrial manufacturing asset 100% leased to FABco, LLC on a NNN basis with 8 years of lease term remaining.
FABco is the largest supplier of fabricated rebar products in the US completely independent of a steel mill or manufacturer. The company has seen a compound annual revenue growth rate of 16.5% over the last six years and has facilities in Houston, Dallas, San Antonio, Salt Lake City, and Denver. As the company continues to expand their operations nationally, profit is estimated to grow 250% by the year 2029.
FABco Salt Lake allows to offer an investor the opportunity to acquire high-yield, net-leased assets located in the Salt Lake MSA, a market that is consistently recognized as one of the strongest economies in the country, with the lowest unemployment rate, and fastest population growth rate in the nation.
- High Growth Market
- Impressive Walt & Cash on Cash Returns
- Strong Tenant Performance