Listed by Matthews
$1,700,000
2661 & 2695 White Sulphur Road
Details
Property Type Industrial
Sub Type Distribution, Warehouse
Square Footage 264,409
Cap Rate 11.55%
NOI $196,314
Tenancy Single
Price per SqFt $6
Buildings 2
Stories 1
Acreage 6.070
Ground Lease No
Stabilized Industrial Outdoor Storage with Strong In-Place Income in Gainesville, GA
Marketing description
For sale: ±6.07-acre industrial outdoor storage in Gainesville, GA, leased to The Erosion Company, LLC and Georgia Power Company. Generates over $207,000 in annual rental income with a 10.91% cap rate and $196,314 NOI. Two independent yard areas offer ±3.75 usable acres. Strong in-place income and supply-constrained sector.
Investment highlights
- Stabilized Contractor and Utility Tenancy: The property is leased to The Erosion Company, LLC, a national erosion control contractor, and Georgia Power Company, the largest electric utility in the state and a subsidiary of Southern Company. Both tenants utilize the site for equipment staging, fleet parking, and operational storage—uses that are highly compatible with outdoor storage properties and commonly associated with long-term yard demand.
- Flexible Low-Coverage Yard Layout: The ±6.07-acre site includes approximately ±3.75 usable acres and is configured as two independent yard areas, providing substantial outdoor storage capacity for contractor equipment, fleet vehicles, materials, and operational staging. The open layout allows efficient circulation for trucks, trailers, and heavy equipment while supporting multiple users and providing long-term leasing flexibility.
- Strong In-Place Income from Operational Users: The property generates over $207,000 in annual rental income from tenants actively utilizing the site for business operations. With a straightforward operational profile and limited ongoing management requirements, the asset provides stable income supported by tenants whose business models rely on outdoor storage functionality.
- Supply-Constrained Outdoor Storage Sector: Industrial outdoor storage properties remain one of the most supply-constrained segments of the industrial market. Increasing zoning restrictions, entitlement challenges, and rising land costs have significantly limited new development, while demand from contractors, utilities, and infrastructure-related businesses continues to grow.
- Growing North Georgia Industrial Market: Located in Gainesville within Hall County, the property benefits from strong economic and population growth throughout the northern Atlanta region. Continued infrastructure investment and expanding contractor activity have driven increasing demand for outdoor storage sites, particularly those that offer scale, accessibility, and operational flexibility.
Listing Contacts
Listed by Matthews
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$196,314.00
$16,359.50/mo
Valuation Metrics
0
DSCR
11.55%
Cap Rate
11.55%
ROI
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Zoning
L-I IndustrialLight IndustrialLight Industrial
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View all 133 uses Last updated May 13, 2026 For deeper zoning details, reports are available at Zoneomics
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