Strong Global Tenant – Founded in 1921, NEAPCO (North East Precision Automotive Corporation) designs, manufactures and distributes high quality, cost-effective OEM and aftermarket driveline products for automotive, light truck, heavy truck, off-road, off-highway, agriculture and industrial applications. With over 3,200 employees at 11 locations throughout North America, Europe, and Asia; NEAPCO has marked its position of leadership in the global automotive supply industry and supplies driveline solutions for BMW, GM, Ford, Volkswagen, Audi, Mercedes Benz, Honda, Jeep, John Deere, Renault, Kawasaki, and many more.
Newly Renovated / Commitment to Location – NEAPCO has been operating out of this specific location for +/- 45 years since 1981. Furthermore, the tenant recently completed a major $4-million-dollar renovation further proving their long-term commitment to this location:
• New 60 Mil TPO Roof Overlay System (20-Year No Dollar Limit Warranty)
• New Steel Exterior Siding
• Extensive HVAC Improvements (Air Filtration & Circulation Units, Etc.)
• New 32k Sq. Ft. Concrete Parking Addition
Functional Industrial / Below Replacement Cost / Absolute NNN Lease - This highly functional 254,350 SF facility is situated on a +/- 16.52-acre lot (35.35% Building/Lot Coverage) featuring twenty (20) dock high doors and two (2) grade level doors valued well below replacement cost ($50/SF Current Valuation versus +/- $75/SF Replacement Cost). Furthermore, the landlord benefits from a rare Absolute NNN Lease with the tenant responsible for roof, structure, paving, property taxes, insurance, utilities, etc. allowing for a 100% passive investment.
Strategic Industrial Location – NEAPCO was the first business to locate in the Gage County Industrial Park of Beatrice in 1981. Since then, the Gage County Industrial Park of Beatrice has grown to include over 23 manufacturing/distribution facilities with over 2,000,000 SF of space while maintaining a +/- 4% vacancy rate. Beatrice has attracted businesses over the years by offering top-tier utilities, efficient road networks, favorable incentives, streamlined permitting processes, and other support services. Beatrice is situated in the heart of the Midwest, which offers convenient access to major transportation routes and markets throughout North America. This central location is ideal for companies that need efficient logistics and distribution channels.