Net Lease
NNN CrossRoads Building Supply | 16% Rent Bump Year 3 | Industrial Outdoor Storage (“IOS”)
1137 Atomic Rd, Beech Island, SC 29842
Listing Price: $2,285,000
Investment Overview
This industrial outdoor storage (“IOS”) facility spans 8.39 acres with a 23,574-square-foot building and benefits from a passive triple-net lease structure. There are over eight years of lease term remaining with an above average 16 percent scheduled rent increase in June 2028 and 3 percent annual rent increases throughout the option periods. The tenant, Crossroads Building Supply, is a leading national building materials supplier operating in 30 locations across 10 states. The lease provides a corporate guarantee and a modest price for the land at $6.25 per square foot. Strategically positioned in Augusta, Georgia MSA’s growing industrial and auto corridor, the property is minutes from an expanding auto row and adjacent to APi AmboiParm Inc.’s U.S. headquarters, built in 2021. The site offers excellent accessibility, located near Interstate 520 and Route 78, with high daily traffic counts and close proximity to Augusta Regional Airport, downtown Augusta, Columbia, and Atlanta. The area’s increasing population, projected to grow 2.95 percent by 2028, and strong employment base of over 90,000 workers within five miles further enhance the investment appeal.
NNN CrossRoads Building Supply | 16% Rent Bump Year 3 | Industrial Outdoor Storage (“IOS”)
Investment Highlights
- NNN Lease with Over Eight Years of Term Remaining | Tenant has 30 Locations, Across 10 States
- Low Price per Square for for the Land at Only $6.25 | Excellent Residual Value
- Industrial Outdoor Storage with an Ideal Configuration of 8.39 Acres of Land and 23,574 Square Feet of Building Area | 6.50 Percent Floor Area Ratio | 40 Dock High Doors and One Grade Door
- Located Within a Growing Industrial and Auto Area of Augusta Georgia's MSA
- Prime Location with Nearby Access to Interstate 520 and Route 78
- 59,418 People Live Within Five Miles and by 2028, 2.95 Percent Growth is Projected
Net Lease
NNN CrossRoads Building Supply | 16% Rent Bump Year 3 | Industrial Outdoor Storage (“IOS”)
Listing Price: $2,285,000
Investment Highlights
- NNN Lease with Over Eight Years of Term Remaining | Tenant has 30 Locations, Across 10 States
- Low Price per Square for for the Land at Only $6.25 | Excellent Residual Value
- Industrial Outdoor Storage with an Ideal Configuration of 8.39 Acres of Land and 23,574 Square Feet of Building Area | 6.50 Percent Floor Area Ratio | 40 Dock High Doors and One Grade Door
- Located Within a Growing Industrial and Auto Area of Augusta Georgia's MSA
- Prime Location with Nearby Access to Interstate 520 and Route 78
- 59,418 People Live Within Five Miles and by 2028, 2.95 Percent Growth is Projected
Investment Overview
This industrial outdoor storage (“IOS”) facility spans 8.39 acres with a 23,574-square-foot building and benefits from a passive triple-net lease structure. There are over eight years of lease term remaining with an above average 16 percent scheduled rent increase in June 2028 and 3 percent annual rent increases throughout the option periods. The tenant, Crossroads Building Supply, is a leading national building materials supplier operating in 30 locations across 10 states. The lease provides a corporate guarantee and a modest price for the land at $6.25 per square foot. Strategically positioned in Augusta, Georgia MSA’s growing industrial and auto corridor, the property is minutes from an expanding auto row and adjacent to APi AmboiParm Inc.’s U.S. headquarters, built in 2021. The site offers excellent accessibility, located near Interstate 520 and Route 78, with high daily traffic counts and close proximity to Augusta Regional Airport, downtown Augusta, Columbia, and Atlanta. The area’s increasing population, projected to grow 2.95 percent by 2028, and strong employment base of over 90,000 workers within five miles further enhance the investment appeal.
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