TruGreen – Topeka, KS

TruGreen
4115 SW Southgate Dr, Topeka, KS 66609, USA

Sands Investment Group is pleased to exclusively offer for sale the 10,080 SF TruGreen NNN Asset Lawncare facility in Topeka, KS. TruGreen has operated out of this facility for nearly 40 years and just exercised its 9th lease extension. With a passive net lease structure and strong 3% annual increases, this is a great bite-sized opportunity for investors looking for a reliable and hands-free industrial investment.

  • National Credit Tenant: TruGreen is the nation’s largest commercial and residential lawn care company, servicing over 2.3 million customers annually across its 270+ locations in North America.
  • Long-Term Tenancy: TruGreen has been operating out of this facility since 1986 and just exercised its ninth lease extension, demonstrating a long-term commitment to this location and market.
  • Passive Lease Structure: The lease provides very limited landlord responsibilities and strong annual 3% rent escalations, making this a great opportunity for an investor looking for a hands-free passive investment.
  • Strategically Located: Facility is strategically located and highly accessible to I-470, I-335, and U.S. Route 75, allowing the tenant to service the entire Topeka market.
  • Healthy Rent & Basis: Rent is slightly below market, and the property is being valued at below replacement cost, making this a safe and stable investment opportunity for any potential buyers.
  • Strong Industrial Pocket: The Facility is located in the premier industrial pocket in Topeka and is located near other notable tenants with synergy, such as Foley Equipment (CAT), FedEx, Frito-Lay, Bimbo Bakeries, FleetPride, Tractor Supply, and Walmart.

In Cooperation With Sands Investment Group Kansas, LLC – Lic. #CO00002897 BoR: Max Freedman – Lic. KS #241927

TruGreen
4115 SW Southgate Dr, Topeka, KS 66609, USA

TruGreen

Founded in 1973, TruGreen is the nation’s leading lawn care provider, providing lawn, tree and shrub, and pest services focused on exceeding its customers’ needs. The company operates more than 290 locations across the United States and Canada, with more than 14,000 employees. TruGreen is the partner with the local, tailored solutions and science-driven expertise needed to help each outdoor living space look and feel its very best. For more than 50 years, TruGreen has stayed committed to making its customers’ outdoor living space a place they can be proud of.

Price

$825,000

Cap Rate

6.89%

PREMISES

10,080 SF

YEAR BUILT

1986

RENEWAL OPTIONS

1 x 5 Year Option

Lease Expiration

07/31/2032

Lease Type

NNN

RENTAL INCREASES

3% Annually

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