Wesbell Technologies
Recent Capital Improvements | Attractive Rent Growth | New Lease Extension
Investment highlights
• Mission critical facility for tenant | Serves as their United States headquarters and only location in the US | Operating in this facility for over 15 years
• Recently agreed to a 7-year lease extension at significantly higher rent demonstrating tenant’s long-term commitment to the site and confidence in location
• Experienced operator | Wesbell Investment Recovery LTD | Successful company for over 60 years with 7 locations across 6 Provinces & States
• Recent building and property improvements completed | Capital
upgrades enhance asset condition and reduce near-term maintenance risk | Seller has also prepaid 6 years of preventative maintenance on the roof
• Attractive rent growth | 2.5% annual increases provide consistent NOI growth and hedge against inflation
• Approx. 118,000 SF facility | Efficient industrial layout with 15% office and 85% warehouse space
• Significantly large parcel | 31.77 acres | Zoned industrial
• Flexible loading capabilities | Combination of dock-high and gradelevel doors
• Strategically located off Hwy 501 | 19,500 VPD
• Large industrial presence nearby | 1.4M SF of space within a 2-mile radius
• 10 minutes from Person Memorial Hospital | 98 beds
• 15 minutes from Piedmont Community College | 1,551 students
• 10 minutes Person High School | 1,165 students
• 40 minutes from Durham, 50 minutes from Chapel Hill, and 1 hour from downtown Raleigh
• Nearby destination retailers | Walmart Supercenter, Food Lion, Lowe’s, Tractor Supply Co., Sheetz, Taco Bell, McDonald’s, Wendy’s, Burger King, Bojangles, Cook Out, KFC, Popeyes, Arby’s, Subway, Domino’s Pizza, Papa John’s, Hardee’s, Biscuitville, and more
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