Shearer Supply

107 Borders Way, Warner Robins, GA 31088

$2,470,000

Cap Rate 7.58%

$2,550,000

Cap Rate 7.34%

Views: 190 DOM: 54 Updated: 09.12.24 Posted: 07.19.24 Status: Sold 09.11.24

Summary

Price $2,470,000 $2,550,000	Built/Renov 1999/2024	Tenant Shearer Supply
Cap Rate 7.58% 7.34%	Lease Type NN+	Guarantor Corporate
Size/SF 20,000	Lease Start 05-01-2024	#Units 21
Price/SF $123.50 $127.50	Expiration 05-31-2029	Tenant Type Industrial
NOI $187,108	R. Term 4.4	Ownership Fee Simple
Rent/SF $9.36	Increases 4.0%/1/yrs	Pop 5Mi 116,502
Lot/AC 1.54	Options 2/3yrs	AHHI 5Mi $103,282

Lease Highlights

Shearer Supply has 4+ years remaining on the current lease term with 2 (3-year) options to extend
The lease features 4% annual rental escalations throughout the initial term and option periods
Favorable NN+ lease with landlord responsible for roof and structure
Corporate guaranteed lease

Location Description

Shearer Supply is strategically located on Borders Way, behind a Target and Hobby Lobby anchored retail center in downtown. The property is conveniently situated just over 3 miles from I-75 and within proximity to other well-known national tenants, including Mattress Firm, Zaxby's, Chipotle, and more. The 5-mile trade area supports a population of 116,502 residents with an affluent average...

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Key Features

Build to suit
Near major nationals
Strategically located
Strong demographics
Major MSA
Brand new lease
Favorable NN+ lease
Annual rent increases
Corporate Guarantee

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Links

Shearer Supply Wikipedia Warner Robbins, Georgia Zip Code 31088 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Shearer Supply
Guarantor:Corporate
Company:Investcorp
# Units:21
Stock:Private

About Tenant

Shearer Supply is a leading replacement-focused HVAC distribution platform of scale providing residential and commercial equipment, parts, and supplies to local contractor customers in the...

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Demographics

	1 Miles	3 Miles	5 Miles
2029 Total Population :	6,046	51,080	121,875
2024 Total Population :	5,703	49,045	117,169
2024 Employed Civilian Pop :	2,821	22,258	52,640
2024 Total Businesses :	650	1,714	3,430
2024 Average Household Income :	$ 76,173	$ 86,396	$ 91,776
2024 Total Consumer Spending :	$ 172 M	$ 1522 M	$ 3766 M
2024 Median Age :	39	38	37
2024 Total Households :	2,553	19,935	46,363
2024 Pop Age 25+: Bachelor's Degree :	634	5,235	12,951
2024 Average Home Value :	$ 282,351	$ 282,786	$ 282,194

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Osigian Blvd	Whiting Way	2005	3,170	0.20 mi
Osigian Boulevard	Margie Dr	2019	7,740	0.30 mi
S Houston Lake Rd	Independence Dr	2005	23,420	0.37 mi
Smithville Church Rd	Covey Rise	2005	9,730	0.53 mi
Watson Boulevard		2019	32,700	0.57 mi
Watson Boulevard	Robins West Dr	2018	32,400	0.57 mi
Bowen Dr	Brian Dr	2016	190	0.68 mi
Watson Blvd	Robins West Dr	2016	35,200	0.72 mi
Capitol Avenue		2019	1,040	0.74 mi
Capitol Avenue	PkLn	2018	1,020	0.74 mi

Listing Broker

Sam Mallane

Sands Investment Group

Contact

2 Listings
469 Views
1 Sold

Andrew Ackerman

Sands Investment Group

Contact

60 Listings
8746 Views
28 Sold

Sam Mallane

Sands Investment Group is a commercial real estate brokerage firm that specializes in the buying and selling of investment properties for private investors and institutions across the United States. Advisors with the company currently have over $1.4 billion in active inventory. As a leader in the industry, SIG was first to offer true sub-product type specialization. The firm’s experience in net lease, shopping centers, retail, office, self storage and industrial transactions is unparalleled. Sa

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Andrew Ackerman

Andrew is a seasoned CRE professional with over 10 years experience and has closed over $500M in transaction volume over the course of his career. Andrew has a proven track record in brokerage as well team management which he’s done in several capacities since first joining Marcus & Millichap in 2005. Before joining SIG, Andrew was a top producing agent at Stan Johnson Company’s Atlanta office, he brokered the closing of a 16-store sale leaseback for $26M while receiving the company’s Mento

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James Behrmann

Sands Investment Group

Contact

1 Listings
191 Views
1 Sold

Matson Kane

Sands Investment Group

Contact

2 Listings
277 Views
1 Sold

James Behrmann

Sands Investment Group is a commercial real estate brokerage firm that specializes in the buying and selling of investment properties for private investors and institutions across the United States. Since its founding in 2010, SIG has closed over 4,100 plus transactions worth more than $8 Billion in 48 states. Advisors with the company currently have over $1.4 billion in active inventory. As a leader in the industry, SIG was first to offer true sub-product type specialization. The firm’s experi

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Matson Kane

Sands Investment Group is a commercial real estate brokerage firm that specializes in the buying and selling of investment properties for private investors and institutions across the United States. Since its founding in 2010, SIG has closed over 4,100 plus transactions worth more than $8 Billion in 48 states. Advisors with the company currently have over $1.4 billion in active inventory. As a leader in the industry, SIG was first to offer true sub-product type specialization. The firm’s experi

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