2590 Monroe Street

Industrial investment sale. The tenant is American Specialty Systems, Inc. American Specialty Systems was established in 1986 and incorporated in 1991 and provides innovative construction and renovation solutions primarily for the food industry. Over the past 26 years, American Specialty Systems has partnered with iconic brands such as Coca-Cola, Gatorade, Quaker Oats, Kraft Foods, ConAgra Foods, General Mills, Pillsbury, McCormick Spice, The Hershey Company, Swaggerty Sausage, Michael Foods, Campbell’s Soup Company, Cargill, Wayne Farms, and Land O'Lakes.

American Specialty Systems, Inc. has over six (6) years remaining on their lease term and is currently paying $100,200.00 in annual rent. The rental rate increases on 1/1/2027, 1/1/2029, and 1/1/2031. The lease is structured in a NNN format and leaves the Landlord with very limited responsibilities. Lease rate supports a 6.91% capitalization rate.