Busche Enterprise

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LTV (Loan to Value)	0.00%	Current NOI
Interest Rate	0.000%	Cap Rate	0.000%
Fixed Term	7 Years Years	Land Area
Amortization	Years	Lease Type
Loan Amount		Property Type
Payment		Property Lease
Building Size		Remaining Terms

Location Description

Albion is a town in Noble County, Indiana. Albion has the population of 2,284 people and Noble County has a population of 46,275 persons. The estimated population of the twenty-mile trading area of Albion is over 90,000. Dexter Axle and Busche Enterprise are the largest employers in the Albion. Dexter’s manufacturing facilities employ state-of-the-art robotics, precision welding equipment, and automated machining processes. Noble County’s unemployment rate is 5.2%, below the state average of 5.8%. This is due in large part to its healthy local economy. See the chart which depicts wages by industry within the county

Highlights

Thriving Tenant - Busche Enterprise has shown consistent growth in the competitive and increasingly challenging manufacturing sector. In November 2014, Busche Enterprise was purchased by Shipston Equity Holdings, LLCCommitment to the Area - Since 1997, the company has grown from a startup to 650 employees with a forecast to grow to 750 employees. Its founder was born and raised in Albion, Indiana Market Rent - Low rent for this mix of office and industrial property spread throughout the MSA Lease Economics - Seven (7) years remain on the original fifteen (15) year lease. Annual Base Rent $1,240,732 Absolute Net Lease - The landlord has no responsibility regarding maintenance, repair or replacement of foundation, roof, structure or parking Atypical Increases - The offering features above market, landlord favorable rental increases of 2.25% annually throughout the primary and option terms with no reset Central Location to Diverse Customer Base - Albion is centrally located to some of Busche’s most important customers, a diverse base of American manufacturing powerhouses that include John Deere, Honeywell, Delco Remy, General Motors and Caterpillar to name a few Growing Industry - As American manufacturing is on the rebound, so has the CNC machining industry grown; from 2005 to 2010 this industry has experienced annual growth in demand of approximately 8%

NNN Loans Funding

Triple-Net Lease Financing arranged by NNNLenders. Offering Triple Net NNN Property Loans.