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Net Lease

FlowerFoods

3675 Leonardtown Rd, Waldorf, MD 20601

Listing Price: $2,116,616

Cap Rate
6.25%
Gross SF
11,200
Price/Gross SF
$188.98
Lot Size
0.90 acres
Year Built
1975
Rentable SF
11,200

Investment Overview

We are pleased to offer for sale the fee simple interest in a freestanding, single-tenant distribution center containing Flowers Foods (the “Property” or “Asset”) located in Waldorf, Maryland. Flowers Foods is the second largest operator in the baking industry, with interests in multiple brand names, including Wonder Bread, Nature’s Own, Dave’s Killer Bread, Canyon Bakehouse, Tastykake and more. Flowers Food has investment grade credit (S&P BBB, Moody’s Baa2) and is publicly traded (NYSE: FLO) with a $4.9 billion market capitalization. This asset serves as a distribution terminal for Wonder Bread and the Company’s other popular brands. The lease features a long term commitment with a double net lease structure and 5.0% increases every 5 years over the term. The Property is positioned right off of the Maryland-5 and is only a short 20 mile drive from Washington DC and Capitol Hill. There are over 20,000 households within 3 miles of the asset. The Greater Washington DC Metropolitan Area has consistently been an above average performing market in the United States. This offering presents the rare opportunity to acquire a stabilized industrial asset with a fairly passive ownership structure for 8 years and outstanding security in the value of the underlying real estate.

Investment Highlights

  • Strategic Maryland suburban location directly outside of Washington DC/Capitol Hill.
  • The Asset is well located in the Washington DC market and can service 350,000 customers within a half hour drive.
  • The DC Metro is experiencing above average growth.
  • The Asset is mission critical to the tenant's business, and services multiple grocery store chains in the area.
  • The Asset has just over 8 years remaining with 5.0% escalations, allowing for a low maintenance investment structure with income appreciation consistently over the primary term.
  • Low price point to acquire a desirable industrial distribution asset.
  • Investment grade credit tenancy.
  • Flowers Foods brands are industry leaders - Nature's Own is America's best selling bread, Dave's Killer Bread is the #1 organic bread brand in the US, Tastykake is a classic brand since 1914, Wonder is an American classic, and Canyon Bakehouse is the #1 gluten free bread in the US.

Exclusively Listed By

  • Tivon Moffitt

    Senior Vice President Investments

    (602) 687-6688

    Email Tivon

    License(s): AZ: BR639369000, NV: S.0186027, UT: 11178542-AB00

    Phoenix

  • Peter Bauman

    Senior Vice President Investments

    (602) 687-6685

    Email Peter

    License(s): AZ: SA647389000, NV: S.0186153

    Phoenix

  • Cesar A. Talavera

    Vice President Investments

    (702) 215-7132

    Email Cesar

    License(s): NV: BS.0045231

    Las Vegas

Broker of Record

  • Brian Hosey

    First Vice President / District Manager

    (202) 536-3700

    License(s) MD: 5005538

    Maryland

Listing Price: $2,116,616

Cap Rate
6.25%
Gross SF
11,200
Price/Gross SF
$188.98
Lot Size
0.90 acres
Year Built
1975
Rentable SF
11,200

Investment Highlights

  • Strategic Maryland suburban location directly outside of Washington DC/Capitol Hill.
  • The Asset is well located in the Washington DC market and can service 350,000 customers within a half hour drive.
  • The DC Metro is experiencing above average growth.
  • The Asset is mission critical to the tenant's business, and services multiple grocery store chains in the area.
  • The Asset has just over 8 years remaining with 5.0% escalations, allowing for a low maintenance investment structure with income appreciation consistently over the primary term.
  • Low price point to acquire a desirable industrial distribution asset.
  • Investment grade credit tenancy.
  • Flowers Foods brands are industry leaders - Nature's Own is America's best selling bread, Dave's Killer Bread is the #1 organic bread brand in the US, Tastykake is a classic brand since 1914, Wonder is an American classic, and Canyon Bakehouse is the #1 gluten free bread in the US.

Investment Overview

We are pleased to offer for sale the fee simple interest in a freestanding, single-tenant distribution center containing Flowers Foods (the “Property” or “Asset”) located in Waldorf, Maryland. Flowers Foods is the second largest operator in the baking industry, with interests in multiple brand names, including Wonder Bread, Nature’s Own, Dave’s Killer Bread, Canyon Bakehouse, Tastykake and more. Flowers Food has investment grade credit (S&P BBB, Moody’s Baa2) and is publicly traded (NYSE: FLO) with a $4.9 billion market capitalization. This asset serves as a distribution terminal for Wonder Bread and the Company’s other popular brands. The lease features a long term commitment with a double net lease structure and 5.0% increases every 5 years over the term. The Property is positioned right off of the Maryland-5 and is only a short 20 mile drive from Washington DC and Capitol Hill. There are over 20,000 households within 3 miles of the asset. The Greater Washington DC Metropolitan Area has consistently been an above average performing market in the United States. This offering presents the rare opportunity to acquire a stabilized industrial asset with a fairly passive ownership structure for 8 years and outstanding security in the value of the underlying real estate.

Exclusively Listed By

  • Tivon Moffitt

    Senior Vice President Investments

    (602) 687-6688

    Email Tivon

    License(s): AZ: BR639369000, NV: S.0186027, UT: 11178542-AB00

    Phoenix

  • Peter Bauman

    Senior Vice President Investments

    (602) 687-6685

    Email Peter

    License(s): AZ: SA647389000, NV: S.0186153

    Phoenix

  • Cesar A. Talavera

    Vice President Investments

    (702) 215-7132

    Email Cesar

    License(s): NV: BS.0045231

    Las Vegas

Broker of Record

  • Brian Hosey

    First Vice President / District Manager

    (202) 536-3700

    License(s): MD: 5005538

    Maryland

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