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Views: 77 Updated: 11.22.23 Posted: 05.14.23 Status: Inactive

Summary

Price $3,200,000
Built/Renov 1965
Tenant McCoy Machinery Co.
Cap Rate 6.00%
Lease Type Double NN
Guarantor Corporate
Size/SF 64,128
Lease Start 01-01-2023
#Units 1
Price/SF $49.90
Expiration 05-01-2033
Tenant Type Industrial
NOI $192,000
R. Term 8.4
Ownership Fee Simple
Rent/SF $2.99
Increases 3.0%/2/yrs
Pop 5Mi 41,084
Lot/AC 7.03
Options 0/0yrs
AHHI 5Mi $84,357

Lease Highlights

  • McCoy Machinery Co. has 10 years remaining on their current lease
  • The lease features rental increases beginning in September 2025, which are greater of 3% annually or CPI
  • The tenant is currently paying below market rent
  • Landlord responsible for roof, structure, and foundation

Location Description

The asset is located off US Highway 74 averaging 54,500 VPD. The immediate trade area is supported by surrounding industrial tenants such as Monroe Oil, LAD Brothers, Inc., Carlson Environmental Consultants, Prince Wheel Services, and more. The building features a large truck court, two fenced multi-acre parking/storage lots, 14ft clear height 30ft x 40ft column spacing, 3 phase power, city...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: McCoy Machinery Co.
  • Guarantor:Corporate
  • Company:McCoy Machinery Co.
  • # Units:1
  • Stock:Private

About Tenant

McCoy Machinery Corporation is a privately held manufacturing facility. Founded in 1964 by Dan W. McCoy Sr., McCoy has been on the forefront of machine development, performance, and manufacturing...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 6,249 24,392 42,338
2023 Total Population : 6,254 24,067 41,753
2023 Employed Civilian Pop : 2,844 11,099 19,534
2023 Total Businesses : 473 1,581 2,011
2023 Average Household Income : $ 70,994 $ 82,168 $ 86,246
2023 Total Consumer Spending : $ 132 M $ 602 M $ 1094 M
2023 Median Age : 34 34 35
2023 Total Households : 2,112 8,377 14,514
2023 Pop Age 25+: Bachelor's Degree : 434 2,361 4,439
2023 Average Home Value : $ 312,030 $ 352,814 $ 347,589
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Norman St Catawba Ave 2008 319 0.14 mi
Durant St Carson St 2013 97 0.22 mi
East Roosevelt Boulevard W Roosevelt Blvd 2018 42,500 0.23 mi
East Roosevelt Boulevard Pageland Hwy 2021 35,000 0.23 mi
Walkup Ave Purser Ave 2018 5,200 0.26 mi
E Park Dr Dove St 2008 207 0.28 mi
Mangum St Walkup Ave 2016 329 0.32 mi
E Franklin St Winburn St 2016 13,000 0.34 mi
E Roosevelt Blvd S Sutherland Ave 2016 40,000 0.35 mi
E Park Dr Elm St 2008 253 0.36 mi

Listing Broker

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