The Grainger property is a warehouse and distribution facility located at 2251 E. Division Street in Arlington, Texas. Archway acquired this property for the BV Archway Income Fund I through a sale leaseback with a 15-year NNN lease whereby Grainger retained occupancy on half of the building. After closing, the other half was leased to Airworth Aviation Consulting, a jet engine repair company. Both leases are long term NNN leases. The property is directly next door to an Amazon last mile facility which further demonstrates the quality of this asset.
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