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.
The Herrick Company seeks investment-grade credit rated companies, including both domestic and foreign private companies, with a minimum net worth of $100 million.
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.
Long-term: 10 year minimum, 20 years + preferred.
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.
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.