For Sale
$1,025,000

64 Bel Vis Trl Lebanon, IL 62254

High-Yield Big Tex Trailer Lease

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional investment opportunity presents a 6,000 square foot auto shop in Lebanon, IL, leased to Big Tex Trailer, America's #1 professional-grade trailer manufacturer. The property boasts a strong corporate guarantee from Bain Capital-owned American Trailer Works, ensuring financial stability. Currently operating under a Net Lease (NN) agreement with a 2.5-year remaining lease term (5-year lease with a 5-year option), the property offers a 7.61% cap rate and a healthy NOI of $78,000. The lease includes a 2% rent bump at renewal. Situated on a 2.26-acre lot at 64 Bel Vista Trail, this location provides significant industrial outdoor storage capacity, a highly sought-after asset class. Its strategic location on Highway 50, one exit from I-64, offers easy access to St. Louis, within a 30-minute drive. The property benefits from tenant synergy with nearby businesses such as Sunbelt Rentals and SRS Distributions. The asking price is $1,025,000. This is a rare opportunity to acquire a well-located, high-performing asset with a strong tenant and significant upside potential. The below-market rent is easily replaceable given the warehouse and outdoor storage components. This property offers a secure investment with a strong return.

Highlights

  • Investment-grade 6,000 SF Big Tex Trailer facility in Lebanon, IL, with a corporate guarantee from Bain Capital-owned American Trailer Works.
  • Below-market rent, easily replaceable due to warehouse and outdoor storage.
  • Highly desirable asset class with significant industrial outdoor storage (IOS) capacity.
  • Excellent Highway 50 location, one exit from I-64, offering easy St. Louis access (under 30 minutes).
  • Strong tenant synergy with nearby businesses like Sunbelt Rentals and SRS Distributions.

Property Details for 64 Bel Vis Trl

Property type
Retail properties, Auto shops
Square Feet
6,000 SF
Lot Size (sq. ft)
98,446 SF

Location Insight

City
Lebanon
County
St. Clair
State
Illinois
Latitude
38.5884756
Longitude
-89.8579607
64 Bel Vis Trl, Lebanon, Illinois

FAQs

What type of property is this?
Retail property - High-Yield Big Tex Trailer Lease
Where is the retail property located?
The property is located at 64 Bel Vis Trl Lebanon, IL.
What is the asking price?
The asking price for this property is $1,025,000.
What are key features of this property?
This property features: Investment-grade 6,000 SF Big Tex Trailer facility in Lebanon, IL, with a corporate guarantee from Bain Capital-owned American Trailer Works.; Below-market rent, easily replaceable due to warehouse and outdoor storage.; Highly desirable asset class with significant industrial outdoor storage (IOS) capacity.
How can I contact the broker?
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64 Bel Vis Trl
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