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Net Lease

U.S. LBM

2641 A St, Meridian, MS 39301

Listing Price: $280,000

Cap Rate
9.64%
Gross SF
46,980
Price/Gross SF
$5.96
Lot Size
3.67 acres
Year Built
1948
Rentable SF
46,980

Investment Overview

Marcus & Millichap is pleased to present this U.S. LBM located on A Street in Meridian, Mississippi. The subject property is a 46,980-square-foot facility sitting on 3.67 acres. There are over three years of lease term remaining, and the lease has two percent annual increases. U.S. LBM is a leading distributor of specialty building materials in the United States. Founded in 2009 with 16 locations in three states, today US LBM operates more than 400 locations across the country and is the largest privately owned full-line building products distributor. Offering a comprehensive portfolio of specialty products, US LBM combines the scale and operational advantages of a national platform with a local go-to-market strategy through its national network of locations across the country. Meridian is the seventh largest city in the state of Mississippi and is located 86 miles east of Jackson, Mississippi and 185 miles northeast of New Orleans, Louisiana. It is the county seat of Lauderdale County. Meridian has a thriving downtown with world class educational and entertainment facilities, a rich history in arts and entertainment, and a prime Southeastern location.

Investment Highlights

  • U.S. LBM is one of the Nation's Largest Building Materials Companies with Over $2 Billion in Revenue (2021)
  • Recently Executed 3-Year Lease with 2% Increases, Showing Commitment to Site
  • Stable Tertiary Market with Naval Air Station Meridian and Rush Health Systems Employing Over 5,000 People

Exclusively Listed By

Broker of Record

  • Mickey Davis

    Senior Associate

    (901) 620-3600

    License(s) MS: 15586

    Mississippi

Net Lease

U.S. LBM

Listing Price: $280,000

Cap Rate
9.64%
Gross SF
46,980
Price/Gross SF
$5.96
Lot Size
3.67 acres
Year Built
1948
Rentable SF
46,980

Investment Highlights

  • U.S. LBM is one of the Nation's Largest Building Materials Companies with Over $2 Billion in Revenue (2021)
  • Recently Executed 3-Year Lease with 2% Increases, Showing Commitment to Site
  • Stable Tertiary Market with Naval Air Station Meridian and Rush Health Systems Employing Over 5,000 People

Investment Overview

Marcus & Millichap is pleased to present this U.S. LBM located on A Street in Meridian, Mississippi. The subject property is a 46,980-square-foot facility sitting on 3.67 acres. There are over three years of lease term remaining, and the lease has two percent annual increases. U.S. LBM is a leading distributor of specialty building materials in the United States. Founded in 2009 with 16 locations in three states, today US LBM operates more than 400 locations across the country and is the largest privately owned full-line building products distributor. Offering a comprehensive portfolio of specialty products, US LBM combines the scale and operational advantages of a national platform with a local go-to-market strategy through its national network of locations across the country. Meridian is the seventh largest city in the state of Mississippi and is located 86 miles east of Jackson, Mississippi and 185 miles northeast of New Orleans, Louisiana. It is the county seat of Lauderdale County. Meridian has a thriving downtown with world class educational and entertainment facilities, a rich history in arts and entertainment, and a prime Southeastern location.

Exclusively Listed By

Broker of Record

  • Mickey Davis

    Senior Associate

    (901) 620-3600

    License(s): MS: 15586

    Mississippi

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