Sale/Leaseback Investment Opportunity | Bitrode Corporation

Highlights:

• Sale/Leaseback Investment Opportunity
• Publicly Traded Parent Company - Andritz Group (ADRZY (OTCMKTS))
• No Landlord Responsibilities - Absolute NNN Lease
• Long Term Lease - 15 Years
• Bitrode has been in business since 1957
• Modern Class-A Facility - Built in 2011
• Exponentially Growing Industry - Battery & Energy Storage Solutions
• Global Customer Base for Bitrode’s Battery Formation, Laboratory Test Equipment, and Software Tools

Description:

Salient Realty Group is pleased to exclusively offer this opportunity to acquire the single-tenant asset located at 9787 Green Park Industrial Dr, St. Louis, MO 63123 (the “Property”).

The Property consists of an industrial Class-A building consisting of 84,794 SF built in 2011 on 5.25 acres and will be leased back to the selected purchaser. Bitrode Corporation will be leasing the Property back upon closing for a 15 year absolute NNN lease giving the purchaser contractual cash flow through approximately 2038 featuring attractive 2% annual rent increases. Bitrode Corp is owned by Schuler Group, who is owned by the Andritz Group (ADRZY (OTCMKTS)) who had FY2022 sales of EUR 7,542.9 million. These parent companies will be guarantors of the lease. Please see the Lease Abstract section for further details.

The Property is centrally located in South County of St. Louis, Missouri and offers convenient access to the junction of two major regional interstates, I-270/255 (107,714 VPD) and I-55 (96,201 VPD). This provides the tenant unparalleled access to the entire region.

Since 1957, battery manufacturers and developers around the globe have relied on Bitrode Corporation for innovative energy storage solutions. Starting as an in-house provider to a battery manufacturer in St. Louis, Missouri, Bitrode has continued to devote itself exclusively to serving the needs of the exponentially growing battery & power storage industry. Bitrode has experienced major growth over the decades and has become a strong player in the growing global battery markets. They offer an extensive product line of battery formation and laboratory test equipment, as well as software tools, battery simulation and manufacturing automation tools appropriate to all battery applications and chemistries.


The Property is centrally located in South County of St. Louis, Missouri and offers convenient access to the junction of two major regional interstates, I-270/255 (107,714 VPD) and I-55 (96,201 VPD). This provides the tenant unparalleled access to the entire region.


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