33 Dart Rd
Newnan, GA 30265

The Chetek Group of Marcus & Millichap, as exclusive advisor, is pleased to present the unique opportunity to acquire 100% fee-simple interest in a 104,880 square-foot state-of-the-art climate-controlled meat processing, packing, and distribution plant (“The Property”) absolute net leased to Cargill, Incorporated (“Cargill”) – the largest privately-owned corporation in the US. Cargill has a S&P “A” credit rating. The Property is located in the Atlanta, Georgia MSA – 20-miles from Atlanta International Airport, the busiest airport in the world. The Atlanta, Georgia MSA is the 9th largest in the US and the city is in the midst of a population boom. Cargill recently renewed their fully bonded lease for 12-years, which includes 2% annual rent increases. Projecting a July 31st, 2018 close there will be 10.9-years remaining of lease term, with one 5-year renewal at fair market value rent. Cargill is currently paying is $6.20 PSF. Cargill’s rent is currently $3.30 Below Market. There is significant upside when the lease comes due 5/31/2029 because the option is at a FMV rent determined by landlord. The Property is one of seven Cargill Case-Ready meat processing and packaging plants in North America and this plant exclusively services Walmart throughout the Southeastern U.S. The property operates 24 hours a day, 365 days a year, utilizing 3 shifts with over 500 full-time employees. This plant is the most technologically advanced of the seven with the latest production lines and Case-Ready improvements. The highly specialized Case-Ready technology utilized at the property involves high-tech production lines which enables the meat to stay fresh for 18-days. The meat is then packaged within a central facility in the Property and delivered directly to Walmart where it is ready to be placed into the display case by any employee. Case-Ready packaging eliminates the need for unionized butchers thus making it extremely profitable for grocers and improves their ability to keep meat products consistently in-stock for customers. The Case-Ready meat market is driven by Walmart, which sells only Case-Ready meat in its more than 3,500 Supercenters and 700 Neighborhood Markets nationwide. The institutional quality property was a build-to-suit for Cargill in 1998. Between 2010 and 2016 Cargill spent $16,543,000 on major capital improvements such as – removing the width-wise production lines and replacing them with new state-of-the-art lengthwise production lines, specific for Walmart. The Property is in excellent condition. Climate-controlled processing plants are some of the best cost segregation real estate asset classes to own, resulting in major tax shelters. Cargill Incorporated, based in Minneapolis, Minnesota, is the largest privately-owned company in the US and third largest in the world. Cargill’s diversified operations encompasses some 155,000 employees in more than 70 Countries and boasted revenue of $110 Billion in 2017. The property is being offered free and clear of debt at a 5.36% cap rate totaling $12,200,000.