Overview
Institutional Property Advisors (IPA), a division of Marcus and Millichap, is pleased to offer the opportunity to acquire a mission critical +/- 259,369 SF single tenant manufacturing facility (“Asset” or “Property”) leased to Grupo Antolin Kentucky, Inc. (“Tenant” or “Grupo Antolin”) in Hopkinsville, KY.
This offering presents a rare opportunity to acquire a mission-critical, stabilized industrial manufacturing facility with +/- 8.5 years of passive income remaining. Future ownership will benefit from the security of below-market rent and the property trading well below replacement cost, ensuring long-term value in both income and real estate fundamentals.
Investment Highlights
STRONG LEASE FUNDAMENTALS
- Absolute NNN lease structure with no landlord responsibilities
- +/- 8.5 years of firm term remaining and no tenant termination rights
- Low in place rental rate of $4.38/ SF NNN, while asking rents are $6.00/ SF NNN
ROBUST CORPORATE FINANCIAL PROFILE
- Grupo Antolin is one of the world’s leading suppliers of technology solutions for automotive interiors and is the strategic partner of the main manufacturers in the industry
- Nine of the ten best-selling vehicles in the world, or the top ten best-selling cars in Europe, are equipped by Grupo Antolin
- Grupo Antolin carries credit ratings of B- from S&P and B3 from Moody’s.
- In 2024 revenue was €4.19 billion and EBITDA of €315 million, translating to $4.9 billion and $369 million, respectively
HIGH-QUALITY BUILDING AND SITE ATTRIBUTES
- This plant manufactures headliners for the Ford F-Series, the best-selling vehicle in the United States for the last four decades , in addition to Hyundai and Kia
- This Asset is strategically located approximately 170 miles (2.5 hours) southwest of Ford’s Kentucky Truck Plant in Louisville, F-Series Super Duty models are assembled
- The Asset's location is also beneficial to support operations in the southeast for Hyundai and Kia including Chattanooga, Montgomery, and Spartanburg
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