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Single-Tenant Industrial

Lanmar Chemical | NNN Industrial

506 Bear Creek Rd, Dalton, GA 30721

Listing Price: $1,800,000

Cap Rate
5.33%
Gross SF
31,832
Price/Gross SF
$56.55
Lot Size
1.70 acres
Year Built
1975
Rentable SF
31,832

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire fee simple interest in the single-tenant industrial building located at 506 Bear Creek Rd in Dalton, GA. The newly renovated industrial facility totals 31,382 square-feet and is fully leased to Lanmar Chemical. The chemical manufacturer is on a NNN lease and recently invested over $1 million in tenant improvements. The renovations include new lighting, parking area, warehouse ?ooring, newly updated of?ces, drywall, interior paint, insulation, & resealed metal roof. The subject property is ideally located just off of Abutment Rd (16,400+ VPD) and is in close proximity to Interstate-75, Atlanta, and Chattanooga, TN.

Situated southeast of Chattanooga, the Dalton metro consists of Murray and Whit?eld counties. Dalton's economy is driven by the manufacturing, education, construction and health care sectors, with the majority of the metro's population employed in the blue-collar occupations. Dalton is the center of the tufted carpet industry, and today the area produces more than 70 percent of the total output worldwide of over $9 billion.

Investment Highlights

  • 100% Occupied by Lanmar Chemical on a NNN Lease | Recently Renovated in 2021 | Tenant Invested Over $1 Million in TI's
  • Future Value-Add Opportunity by Raising Rents to Market & Extending Term | E-Commerce & Recession Proof Tenant
  • 6 Dock High Doors | Recent Renovations Include New Lighting, Parking Area, Warehouse Flooring, Newly Updated Of?ces, Drywall, Interior Paint, Insulation, & Resealed Metal Roof
  • Located Just Off Abutment Rd (16,400+ VPD) | In Close Proximity to Interstate-75, Atlanta MSA, and Chattanooga MSA
  • Ideally Positioned in Advanced Manufacturing Corridor | 230+ Manufacturing Companies in the MSA | QCells is Investing $2.5 Billion into Its 3rd Manufacturing Facility in Dalton Adding 2,500+ New Jobs

Exclusively Listed By

Single-Tenant Industrial

Lanmar Chemical | NNN Industrial

Listing Price: $1,800,000

Cap Rate
5.33%
Gross SF
31,832
Price/Gross SF
$56.55
Lot Size
1.70 acres
Year Built
1975
Rentable SF
31,832

Investment Highlights

  • 100% Occupied by Lanmar Chemical on a NNN Lease | Recently Renovated in 2021 | Tenant Invested Over $1 Million in TI's
  • Future Value-Add Opportunity by Raising Rents to Market & Extending Term | E-Commerce & Recession Proof Tenant
  • 6 Dock High Doors | Recent Renovations Include New Lighting, Parking Area, Warehouse Flooring, Newly Updated Of?ces, Drywall, Interior Paint, Insulation, & Resealed Metal Roof
  • Located Just Off Abutment Rd (16,400+ VPD) | In Close Proximity to Interstate-75, Atlanta MSA, and Chattanooga MSA
  • Ideally Positioned in Advanced Manufacturing Corridor | 230+ Manufacturing Companies in the MSA | QCells is Investing $2.5 Billion into Its 3rd Manufacturing Facility in Dalton Adding 2,500+ New Jobs

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire fee simple interest in the single-tenant industrial building located at 506 Bear Creek Rd in Dalton, GA. The newly renovated industrial facility totals 31,382 square-feet and is fully leased to Lanmar Chemical. The chemical manufacturer is on a NNN lease and recently invested over $1 million in tenant improvements. The renovations include new lighting, parking area, warehouse ?ooring, newly updated of?ces, drywall, interior paint, insulation, & resealed metal roof. The subject property is ideally located just off of Abutment Rd (16,400+ VPD) and is in close proximity to Interstate-75, Atlanta, and Chattanooga, TN. Situated southeast of Chattanooga, the Dalton metro consists of Murray and Whit?eld counties. Dalton's economy is driven by the manufacturing, education, construction and health care sectors, with the majority of the metro's population employed in the blue-collar occupations. Dalton is the center of the tufted carpet industry, and today the area produces more than 70 percent of the total output worldwide of over $9 billion.

Exclusively Listed By

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