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Updated: 10.31.23 Posted: 10.31.23 Status: Inactive

Summary

Price $24,906,129
Built/Renov 1951/1990
Tenant Lee Brass
Cap Rate 7.75%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 386,045
Lease Start 04-01-2024
#Units 1
Price/SF $64.52
Expiration 03-31-2039
Tenant Type Industrial
NOI $1,930,225
R. Term 13.10
Ownership Fee Simple
Rent/SF $5.00
Increases 2.0%/1/yrs
Pop 5Mi 36,309
Lot/AC 119.00
Options 4/5yrs/2%
AHHI 5Mi $67,708

Lease Highlights

  • Lee Brass will execute a brand new 15-year lease with 4 (5-year) options to extend upon close of escrow
  • The lease features 2% rental increases annually
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

The subject property, consisting of 19 buildings, a total of 386,045 square feet of office, manufacturing, and warehouse space, is conveniently located along Golden Springs Rd., one-third of a mile from Interstate 20, a major east-west interstate that runs 1,539 miles from western Texas to Florence, South Carolina. It is positioned near many major national tenants, including Winn-Dixie, Lowes,...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Lee Brass
  • Guarantor:Corporate
  • Company:Fidelis Holdings, LLC
  • # Units:1
  • Stock:Private

About Tenant

Lee Brass Foundry, LLC (dba Lee Brass) is one of North America’s oldest and largest brass and copper based alloy foundries. They are the largest producer of threaded brass fittings in the United...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 2,266 19,653 37,405
2023 Total Population : 2,281 19,917 37,861
2023 Employed Civilian Pop : 1,103 9,045 16,513
2023 Total Businesses : 266 1,179 2,092
2023 Average Household Income : $ 81,786 $ 79,183 $ 72,287
2023 Total Consumer Spending : $ 77 M $ 591 M $ 995 M
2023 Median Age : 43 44 42
2023 Total Households : 1,094 8,600 15,766
2023 Pop Age 25+: Bachelor's Degree : 224 2,522 3,571
2023 Average Home Value : $ 235,945 $ 217,345 $ 185,650
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
US 78 Davis Loop 2021 15,700 0.54 mi
Hwy 78 E 2021 2,690 0.59 mi
Golden Springs Road Henry Rd 2021 19,391 0.61 mi
Coleman Road Electronics Dr 2021 8,372 0.62 mi
Greenbrier Dear Road Commerce Blvd 2019 10,822 0.63 mi
Leon Smith Parkway Morgan Rd 2021 36,830 0.66 mi
Roberts Drive Coleman Rd 2018 8,702 0.66 mi
Greenbrier Dear Road Lyda Ln 2019 10,731 0.69 mi
Leon Smith Parkway I- 20 2019 37,969 0.69 mi
I- 20 2021 4,170 0.69 mi

Listing Broker

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