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Jones Lang LaSalle (“JLL”), as exclusive representative, is pleased to offer for sale the fee-simple interest in 2513 S. Holt Rd, a 141,785 square foot industrial facility located in Indianapolis, Indiana (the “Asset” or the “Property”) that is 100% leased to Advanced Waste of Indiana, Inc. (the “Tenant” or “Advanced Waste”), with a guaranty from publicly-traded (NYSE: CVA) parent Covanta Holdings (“Covanta” or “The Guarantor”) on a long-term industrial modified gross lease. Located approximately four miles southwest of downtown Indianapolis in an infill location, the environmental solutions Property benefits from unparalleled highway accessibility via I-70, one of the nation’s principal east-west routes, and I-465, the Indianapolis Beltway.
- 7.5 years of term remaining with limited landlord responsibilities.
- Attractive $0.10/SF rent escalations in Lease Months 49, 85, & 109.
- The tenant, Advanced Waste Services of Indiana, has invested $1.5M in the facility.
- Situated less than three miles from the Indianapolis Airport and four miles from the CBD.
- Unparalleled highway accessibility via I-70 and I-465.
- Full term guaranty from publicly traded parent, Covanta Holdings (NYSE: CVA).
- Critical I-3 zoning allowing for light industries such as waste management.
- Two, 5-Year renewal options at fair market value.