loader
Join Free
Views: 42 DOM: 65 Updated: 07.09.24 Posted: 05.08.24 Status: Active

Summary

Price $2,954,000
Built/Renov 1987/2024
Tenant Synergy Equipment
Cap Rate 6.50%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 5,000
Lease Start 01-08-2024
#Units 24
Price/SF $590.80
Expiration 01-31-2034
Tenant Type Industrial
NOI $192,000
R. Term 9.6
Ownership Fee Simple
Rent/SF $38.40
Increases 10.0%/5/yrs
Pop 5Mi 84,913
Lot/AC 5.46
Options 3/5yrs/10%
AHHI 5Mi $87,854

Lease Highlights

  • Synergy Equipment recently executed a brand new 10-year lease with 3 (5-year) options to extend
  • The lease features 10% rental escalations throughout the initial term and option periods
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Synergy Equipment is strategically located on West King Street, with access to 24,500 vehicles passing by daily. The property intersects with Interstate 95 (83,500 VPD) less than 1 mile westbound, offering excellent visibility and multiple points of ingress/egress. Additionally, it is positioned in an industrial and manufacturing hub with well-known national tenants including U-Haul, United...

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Synergy Equipment
  • Guarantor:Corporate
  • Company:Avance Investment Management
  • # Units:24
  • Stock:Private

About Tenant

Synergy Equipment is a leading service and equipment provider with operations in the Southeastern U.S. The Company offers general equipment and specialty pump rentals with a focus on construction...


...

Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 6,328 37,977 85,672
2023 Total Population : 6,307 36,880 84,913
2023 Employed Civilian Pop : 2,994 17,436 40,991
2023 Total Businesses : 287 2,160 4,818
2023 Average Household Income : $ 48,774 $ 73,222 $ 87,854
2023 Total Consumer Spending : $ 102 M $ 990 M $ 2762 M
2023 Median Age : 36 42 46
2023 Total Households : 2,384 15,454 36,182
2023 Pop Age 25+: Bachelor's Degree : 409 3,903 11,966
2023 Average Home Value : $ 208,039 $ 304,375 $ 356,159
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Clearlake Rd Peachtree St 2000 13,500 0.22 mi
Clearlake Road Peachtree St 2022 14,800 0.24 mi
Clearlake Rd Sue Dr 2009 13,490 0.26 mi
King St Lois Ln 2000 21,399 0.27 mi
King St Lois Ln 2009 20,260 0.34 mi
Clearlake Road Jackson St 2018 5,000 0.39 mi
Clearlake Road Jackson St 2020 4,800 0.46 mi
Clearlake Road Jackson St 2022 4,000 0.46 mi
Lake Drive Lazy Ln 2022 3,500 0.47 mi
Peachtree Street Dora Ave 2021 4,300 0.47 mi

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

NEWSLETTER SIGN UP

Subscribe
my activity