1645 S Industrial Pky

SVN Summit Commercial Real Estate Advisors is proud to exclusively present a remarkable opportunity for investors in the form of a Net Leased Single Tenant Industrial Investment. The property, located at 1645 Industrial Pkwy S, promises stable cash flow and minimal landlord responsibilities. What sets it apart from other single-tenant investments is its innate value-add component, which can be leveraged by astute investors. The current tenant, Master Distribution (An AFC Industries Co.), has been occupying the premises since 2010 and has recently signed a 3-year lease for additional warehouse space on the North Side of the Brunswick Industrial Parkway, indicating their long-term commitment to the location. In 2022, Master Distribution approached the ownership with a proposal to expand the current 24,000 SF building by an additional 18,000 SF, bringing the total lease to 42,000 SF. Site planning and drawings for the expansion have already been completed, providing prospective buyers with an opportunity to enhance the value and NOI of their initial investment.
10 Year Corporate Backed Lease.
The tenant has been at the location since 2010.
Approximately three acres of highly valued industrial land are available for expansion.
The Parking lot was resealed and striped in September 2023
The site can easily support a 36,000 SF expansion, to bring total square footage to 60,00 SF in the future.
High-demand Industrial location, thanks to excellent highway access and pro-business city and county governments.
The local industrial market consistently maintains extremely low vacancy rates year over year.
The local industrial market has high barriers to entry with very few purchase opportunities year over year.
A highly educated local workforce and a low crime environment support business growth and attraction to the area.
TENANT: Master Distribution (AFC Industries)
NOI: $175,752
LEASE GURANTOR: Corporate
LEASE TYPE: NNN
LEASE EXPIRATION DATE: June 30, 2033
TERM REMAINING: 10 Years
OPTIONS: One, 5-Year Extension
RENTAL INCREASES: 2% Increases YOY
LEASE RATE PER SQUARE FOOT: $7.32
PROPERTY TAXES: Tenant's Responsibility
INSURANCE: Tenant's Responsibility
COMMON AREA: Tenant's Responsibility
REPAIRS & MAINTENANCE: Tenant's Responsibility
UTILITIES: Tenant's Responsibility
ROOF & STRUCTURE: Landlord's Responsibility
HVAC UNIT REPLACEMENT: Landlord's Responsibility
PARKING LOT REPAVEMENT: Landlord's Responsibility