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Shearer Supply

107 Borders Way, Warner Robins, GA 31088

$2,550,000

Cap Rate 7.34%

Views: 109 DOM: 50 Updated: 08.14.24 Posted: 07.19.24 Status: Active

Summary

Price $2,550,000
Built/Renov 1999/2024
Tenant Shearer Supply
Cap Rate 7.34%
Lease Type NN+
Guarantor Corporate
Size/SF 20,000
Lease Start 05-01-2024
#Units 21
Price/SF $127.50
Expiration 05-31-2029
Tenant Type Industrial
NOI $187,108
R. Term 4.8
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

Sam Mallane
Sands Investment Group
Contact

Andrew Ackerman
Sands Investment Group
Contact

James Behrmann
Sands Investment Group
Contact

Matson Kane
Sands Investment Group
Contact

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

    • ...

Links

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

Documents

Download OM

Maps

  • 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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Listing Broker

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