Listed by Matthews
$8,200,000
Whatever It Takes Transmission Parts, Inc.
Details
Property Type Industrial
Sub Type Distribution, Flex
Square Footage 325,000
Cap Rate 8.51%
NOI $698,094
Acreage 27.000
Industrial | 8.51% CAP | 325,000 SqFt
Investment highlights
- Proven Tenant Expansion Story: WIT leased ±108,430 SF in May 2021 and has since executed four lease amendments to expand within the building, culminating in full ±325,000 SF occupancy beginning August 1, 2026 — demonstrating sustained operational growth and commitment to the asset.
- 100% Occupied Single-Tenant Facility: Following the most recent amendment (signed March 1, 2026), the tenant will operate throughout the entire building and create stabilized single-tenant cash flow.
- Long-Term Lease Through 2033: The lease runs through December 31, 2033, providing income visibility with meaningful remaining term following full-building occupancy.
- Contractual Annual Rent Increases: The lease structure includes scheduled annual rent escalations averaging approximately 2.7%–2.8%, creating organic NOI growth throughout the remainder of the lease.
- Established National Operator: Founded in 1999, WIT operates 40+ locations and branches nationwide, serves over 12,000 customers, and employs 450+ team members. As an employee-owned (ESOP) company, the structure promotes operational continuity and long-term alignment.
- Strategic Northwest Alabama Industrial Market: Located in Florence, AL within the Florence–Muscle Shoals MSA, the property benefits from access to US-72, SR-20, and regional interstate connectivity supporting manufacturing and logistics demand across Northern Alabama and Southern Tennessee.
Listing Contacts
Listed by Matthews
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$698,094.00
$58,174.50/mo
Valuation Metrics
0
DSCR
8.51%
Cap Rate
8.51%
ROI
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