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Net Lease

FleetPride

134 E Woodland Ave, Youngstown, OH 44502

Listing Price: $785,500

Cap Rate
7.00%
Gross SF
18,089
Price/Gross SF
$43.42
Lot Size
0.69 acres
Year Built
1939
Rentable SF
18,089

Investment Overview

Marcus & Millichap is pleased to present this FleetPride located off Interstate 680 on Woodland Avenue in Youngstown, Ohio. The subject property is an 18,089-square-foot facility sitting on 0.69 acres. There are over three years of lease term remaining, and the lease has one, five-year option to renew with a 10 percent rent increase. Headquartered in Irving, Texas, FleetPride is the nation’s largest distributor of truck and trailer parts and service in the independent heavy-duty aftermarket. The company carries a wide array of parts, including brakes, drums, engine systems, electrical, axel, wheel end, and drivetrain, and offers over 145,000 SKUs across 490 brands and 320 product categories, including its own private label offering. FleetPride operates under three segments: Branch, National Accounts, and Wholesale. The Youngstown metro is situated in the Mahoning Valley, spanning portions of western Ohio and eastern Pennsylvania. The metro consists of Mahoning, Trumbull and Mercer counties. The city of Youngstown is the metro’s largest municipality and a midpoint between Cleveland and Pittsburgh. Youngstown and the city of Warren account for a combined 106,300 citizens. The Lordstown Assembly Plant is undergoing a transformation with GM planning to enhance electric vehicle production at the facility, creating 1,570 full-time positions by 2025.

Investment Highlights

  • Recent Property Improvements Include Partial Roof Replacement and New Interior Paint
  • Less Than a Mile from Downtown
  • Strong Tenant Operating 282 Branches in 46 States
  • Attractive Price Point

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s) OH: BRK.2007005898

    Ohio

Listing Price: $785,500

Cap Rate
7.00%
Gross SF
18,089
Price/Gross SF
$43.42
Lot Size
0.69 acres
Year Built
1939
Rentable SF
18,089

Investment Highlights

  • Recent Property Improvements Include Partial Roof Replacement and New Interior Paint
  • Less Than a Mile from Downtown
  • Strong Tenant Operating 282 Branches in 46 States
  • Attractive Price Point

Investment Overview

Marcus & Millichap is pleased to present this FleetPride located off Interstate 680 on Woodland Avenue in Youngstown, Ohio. The subject property is an 18,089-square-foot facility sitting on 0.69 acres. There are over three years of lease term remaining, and the lease has one, five-year option to renew with a 10 percent rent increase. Headquartered in Irving, Texas, FleetPride is the nation’s largest distributor of truck and trailer parts and service in the independent heavy-duty aftermarket. The company carries a wide array of parts, including brakes, drums, engine systems, electrical, axel, wheel end, and drivetrain, and offers over 145,000 SKUs across 490 brands and 320 product categories, including its own private label offering. FleetPride operates under three segments: Branch, National Accounts, and Wholesale. The Youngstown metro is situated in the Mahoning Valley, spanning portions of western Ohio and eastern Pennsylvania. The metro consists of Mahoning, Trumbull and Mercer counties. The city of Youngstown is the metro’s largest municipality and a midpoint between Cleveland and Pittsburgh. Youngstown and the city of Warren account for a combined 106,300 citizens. The Lordstown Assembly Plant is undergoing a transformation with GM planning to enhance electric vehicle production at the facility, creating 1,570 full-time positions by 2025.

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s): OH: BRK.2007005898

    Ohio

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