Listed by SRS Real Estate Partners New York
$10,455,000
Ahold Delhaize USA Distribution (Food Lion)
Details
APN 074 05700
Property Type Industrial
Sub Type Distribution, Warehouse
Square Footage 102,000
Cap Rate 6.5%
NOI $679,575
Occupancy 100%
Tenancy Single
Brand/Tenant Food Lion
Lease Type NNN
Lease Term 7
Lease Expiration 11/30/2031
Remaining Term 5.5
Rent Bumps Yes
Lease Options 2 (5-Year)
Broker Co-Op Yes
Year Built 1993
Year Renovated 2016
Acreage 5.660
Zoning Heavy Industrial (M-2)
Parking Spaces 22 spaces
Parking Per SqFt 0.22
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 12/01/2024
Ground Lease No
Loading Docks 4
Dock High Doors 20
Ownership Fee Simple
Industrial | 6.50% CAP | 102,000 SqFt
Investment highlights
- The tenant has occupied the property for over 10 years and recently executed new 7-year NNN lease with two (2) 5-year renewal options
- Favorable NNN lease structure with limited landlord responsibilities and 2.5% annual rent increases
- The tenant, ADUSA Distribution, LLC is a corporate entity, serving as the distribution and supply chain arm of Koninklijke Ahold Delhaize N.V. (parent company of Food Lion and other brands), which carries an investment-grade credit rating of BBB+ from S&P
- Food Lion utilizes the 102,000-square foot building as a vehicle/fleet maintenance hub, a mission critical use that supports the tenant’s regional distribution network
- Food Lion operates 27 stores in Tennessee with locations including Clinton itself, Knoxville, Oak Ridge, Maryville, Morristown, and dozens of smaller markets throughout East Tennessee
- Located in Eagle Bend Industrial Park alongside significant manufacturers and industrial users such as 3M, Eagle Bend Manufacturing, Energy Solutions, Remotec, and more
- Dual interstate access — I-75 north-south and I-40 east-west — makes Clinton a logistics crossroads in East Tennessee
Listing Contacts
Listed by SRS Real Estate Partners New York
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$679,575.00
$56,631.25/mo
Valuation Metrics
0
DSCR
6.5%
Cap Rate
6.5%
ROI
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