Core & Main NYSE: CNM Warehouse Investment
Industrial | 6.22% CAP | 27,000 SqFt
Marketing description
Presenting a rare opportunity to acquire a premier industrial warehouse investment property, strategically positioned in a thriving commercial corridor. This newly renovated, well-maintained warehouse is 100% leased to Core & Main, Inc. (NYSE: CNM)—a nationally recognized industry leader in waterworks, wastewater, storm drainage, and fire protection product distribution.
Boasting over 370 locations nationwide and an expanding footprint into international markets including Canada, Core & Main has demonstrated robust, sustained growth with 2024 revenues exceeding $7.4 billion and a market capitalization of over $10.8 billion. The tenant’s strong financials, national brand recognition, and vital role in infrastructure supply chain logistics make this a truly stable, long-term investment.
Property Highlights:
Long Term Net Lease in place with Core & Main, providing predictable income
Strong rental increases and renewal options
Quality construction with modern warehouse features
Excellent access to major transportation corridors
Long-term corporate tenancy ensures minimal landlord responsibilities
Whether you're a seasoned investor seeking reliable cash flow or looking to diversify your portfolio with an industrial asset backed by a top-tier tenant, this property delivers exceptional value, security, and upside potential.
Secure your investment in THE fastest-growing workforce county in Alabama with this internationally recognized, industry-leading tenant.
Investment highlights
There are over 370 branches serving municipalities, private water companies, and contractors across municipal, non-residential, and residential markets.
Core & Main has completed multiple acquisitions and 2024 international expansion to enhance its geographic presence and product offerings.
In 2024, the company announced a $500M share repurchase authorization, reflecting confidence in its financial stability and commitment to shareholder value.
Core & Main reported net sales of $7.44B for fiscal year 2024, an 11% increase from the previous year.
The company achieved a gross profit of $1.98B, up 8.9% year-over-year, with a gross margin of 26.6%. Adjusted EBITDA rose to $930M, a 2.2% increase from fiscal 2023.
Core & Main stock (NYSE: CNM) has experienced significant growth since its 2021 IPO, with a 128% increase noted by mid-2024.
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