2101 Grace St | Culloden, WV 25510
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- LoopNet Team
2101 Grace St
Culloden, WV 25510
TSI Sportswear · Industrial Property For Sale
Investment Highlights
- Long-Term Lease - The lease currently has over 10.5 years remaining on the original 15 year term, as well as four, 5-year renewal options.
- Below Market Rents - At $2.62 per square foot, TSI Sportswear is paying 52% below market rent in the area.
- Annual Increases Act as a Hedge Against Inflation - The subject property has 1.5% annual rental increases built into the lease
- Zero Landlord Responsibilities - The subject property features an Absolute Net (NNN) Lease
- Corporate Guarantee - Corporately guaranteed by T-Shirt International, Inc., operating as TSI Sportswear, a custom embroidery apparel company
- TSI Sportswear: Partnered with Big Fashion Brands - TSI Sportswear has built their business by partnering with many of the premier fashion brands
PROPERTY FACTS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,230,137 | |
| Land Assessment | $166,780 | Total Assessment | $1,396,917 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$166,780
Improvements Assessment
$1,230,137
Total Assessment
$1,396,917
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