Property History
This industrial outdoor storage (“IOS”) facility spans 8.39 acres with a 23,574-square-foot building and benefits from a passive NNN lease structure. There are over eight years of lease term remaining with an above average 16% scheduled rent increase in June 2028 and 3% annual rent increases throughout the option periods. The tenant, Crossroads Building Supply, is a leading national building materials supplier operating in 30 locations across 10 states. The lease provides a corporate guarantee and a modest price for the land at $6.15 per square foot. Strategically positioned in Augusta, Georgia MSA’s growing industrial and auto corridor, the property is minutes from an expanding auto row and adjacent to APi AmboiParm Inc.’s U.S. headquarters, built in 2021. The site offers excellent accessibility, located near Interstate 520 and Route 78, with high daily traffic counts and close proximity to Augusta Regional Airport, downtown Augusta, Columbia, and Atlanta. The area’s increasing population, projected to grow 2.95% by 2028, and strong employment base of over 90,000 workers within five miles further enhance the investment appeal.
NNN Lease with Over Eight Years of Term Remaining | Tenant has 30 Locations, Across 10 States
Low Price per Square Foot for the Land at Only $6.15 | Excellent Residual Value
Industrial Outdoor Storage with an Ideal Configuration of 8.39 Acres of Land and 23,574 SF of Building Area | 6.50% Floor Area Ratio | 40 Dock High Doors and One Grade Door
Located Within a Growing Industrial and Auto Area of Augusta Georgia’s MSA
Prime Location with Nearby Access to Interstate 520 and Route 78
59,418 People Live Within Five Miles and by 2028, 2.95% Growth is Projected
- Offices: 6
- Restrooms:4
- Bullpen/showroom: 1
- Break Room: 1
- Retail Showroom: 1
Loan History
Financial History
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