loader
Join Free
Views: 46 DOM: 147 Updated: 04.22.24 Posted: 12.22.23 Status: Active

Summary

Price $2,217,000
Built/Renov 1964/2020
Tenant MNX Global Logistics
Cap Rate 7.00%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 11,244
Lease Start 09-30-2020
#Units 21
Price/SF $197.17
Expiration 09-30-2030
Tenant Type Industrial
NOI $155,174
R. Term 6.4
Ownership Fee Simple
Rent/SF $13.80
Increases 2.0%/1/yrs
Pop 5Mi 172,347
Lot/AC 0.55
Options 4/5yrs/2%
AHHI 5Mi $62,193

Lease Highlights

  • MNX Global Logistics has 6+ years remaining on the current lease term with 4 (5-year) options
  • Lease features 2% annual rental increase throughout the initial term and each option
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

MNX Global strategically occupies a prime location along Dearborn Plaza, situated between King Arnold Street and Central Avenue, with access to 10,800 vehicles passing by daily. The property benefits from its advantageous central position between Interstate 85 (147,000 VPD) and Interstate 75 (178,000 VPD). It enjoys convenient proximity to the world-renowned Hartsfield Jackson Atlanta...

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: MNX Global Logistics
  • Guarantor:Corp T and Rated
  • Company:United Parcel Services, Inc.
  • # Units:21
  • Tenant S&P: A
  • Moody’s: A1
  • Stock: NYSE: UPS

About Tenant

MNX Global Logistics Corp (“MNX”) is a global time-critical and temperature-sensitive logistics provider. Originally known as Midnight Express (then later, Midnite Air Corp), the company was...


...

Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 8,789 46,879 178,026
2023 Total Population : 6,597 44,403 172,347
2023 Employed Civilian Pop : 3,863 19,965 77,454
2023 Total Businesses : 383 2,872 6,397
2023 Average Household Income : $ 79,616 $ 65,866 $ 62,193
2023 Total Consumer Spending : $ 195 M $ 1057 M $ 3819 M
2023 Median Age : 35 36 34
2023 Total Households : 2,795 18,184 69,357
2023 Pop Age 25+: Bachelor's Degree : 1,039 5,796 18,204
2023 Average Home Value : $ 270,343 $ 280,967 $ 262,938
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
King Arnold Street Meadow Rd 2021 3,000 0.08 mi
King Arnold Street Claire Dr 2018 3,330 0.08 mi
King Arnold Street 2019 3,360 0.08 mi
South Central Avenue Stewart Ave 2021 6,470 0.26 mi
Central Park Radar Dr 2021 210 0.28 mi
Central Park Radar Dr 2019 170 0.28 mi
Union Avenue Chestnut St 2021 550 0.28 mi
Central Ave N Whitney Ave 2013 7,000 0.30 mi
Central Park Dr Claire Dr 2004 7,760 0.34 mi
Central Avenue Sunset Ave 2021 10,400 0.35 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