Single Tenant Real Estate Investments
Our specific requirements with respect to investment quality absolute net lease transactions are facilities that are 100% net leased to investment-grade credit tenants on long-term leases. The Herrick Company purchases investment quality single tenant net lease deals for all cash.
Credit:
The Herrick Company seeks investment-grade credit rated companies, including both domestic and foreign private companies, with a minimum net worth of $100 million.
Industries:
The Herrick Company invests in investment-grade companies from a variety of industries including, but not limited to: retail, medical, energy, utilities, aerospace and defense, manufacturing, professional services, transportation, industrial, and hospitality.
Lease Term:
Long-term: 10 year minimum, 20 years + preferred.
Location:
Nationwide.
Property Types:
The Herrick Company invests in single-tenant commercial real estate properties used by investment-grade credit tenants as headquarter/office buildings, retail buildings or industrial buildings, as well as existing and to-be-built hospital facilities, medical offices, energy facilities including power and ethanol plants, motel and hotel facilities and call centers.
Transaction Size:
There is no maximum limit to the amount of capital, along with debt, that The Herrick Company can place in an investment grade absolute net lease transaction.
