STG Logistics
7.00% CAP | $1.5+ BILLION REVENUE TENANT | INDUSTRIAL OUTDOOR STORAGE
Marketing description
The Property is an STG Logistics facility located at 4375 Glenbrook Road, Willoughby, Ohio. STG recently re-located their Cleveland operations to the Subject Property in order to benefit from better I-90 access in the dense North Cleveland market.
The ±5.04-acre site features paved, lit, fenced, and gated outdoor storage and a ±11,755 SF cross-dock building with 36 doors.
The property is 100% leased to STG Logistics (corporate)—the largest port-to-door logistics operator in the U.S. with 70+ locations and $1.5B in annual revenue.
Lease is NNN and includes 3% annual rent increases (4% at renewal), a $100,000 non-renewal fee (paid to Landlord if Tenant does not renew the Lease), and reimbursement of up to 3% of base rent for property management.
Located 15 miles from Downtown Cleveland, the property benefits from access to I-90, Hwy 2, and Hwy 91 in one of the nation’s strongest industrial markets, boasting a 3.10% vacancy rate and consistent rent growth.
Investment highlights
SINGLE TENANT LOGISTICS & IOS FACILITY
STG LOGISTICS CORPORATE CREDIT ($1.5+ BILLION REVENUE & 70+ LOCATIONS)
STG LOGISTICS RECENTLY ACQUIRED XPO’S INTERMODAL DIVISION
STRATEGIC RELOCATION FACILITY FOR BETTER I-90 ACCESS
NEWLY RENOVATED BUILDING & TRUCK COURT (2023)
CLEVELAND OFFERS THE #1 LOWEST INDUSTRIAL VACANCY RATE OF ANY MAJOR U.S. MARKET (3.10%)
NEARLY NO INDUSTRIAL VACANCY IN LOCAL WILLOUGHBY SUBMARKET
PASSIVE NNN LEASE
UNIQUE “NON-RENEWAL” FEE - TENANT PAYS LANDLORD $100,000 IF LEASE ISN’T RENEWED
3.00% - 4.00% ANNUAL RENTAL INCREASES
VERSITILE CROSS DOCKED FACILITY WITH IOS SPACE & 36 DOORS
INFILL INDUSTRIAL POCKET ALONG I-90
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