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JLL Capital Markets is pleased to present the opportunity to purchase the fee simple interest in SilencerCo Salt Lake, a 64,089 square foot single-tenant Industrial asset 100% leased to SilencerCo LLC on an absolute NNN basis with 13.4 years of lease term remaining.
SilencerCo is the largest manufacturer of firearm suppressors in the US and currently controls 65% of the entire US suppressor market, a niche but rapidly growing segment of the $21.1bn US firearms industry. As a result, SilencerCo has seen net sales grow by almost 100% year over year for the last three consecutive years.
SilencerCo offers an investor the opportunity to acquire a high-yield, absolute net leased industrial asset located in the Salt Lake MSA, a market that is consistently recognized as one of the strongest economies in the country, with the lowest unemployment rate, and fastest population growth in the nation over the last 10 years.
- 13.4 Year of WALT
- Single Tenant
- Absolute Net Lease
- $661,879 2023 NOI