Listed by Institutional Property Advisors, Marcus & Millichap - Phoenix
$33,608,334
648 WILSON ST CHESTER SC 29706-7500
Details
APN 080-02-01-002-000
Property Type Industrial
Sub Type Distribution, Warehouse
Square Footage 821,648
Units 2
Occupancy 100%
Tenancy Single
Rent Bumps Yes
Year Built 1964
Buildings 1
Stories 1
Acreage 35.000
Zoning CG- General Commercial
Investment Type Net Lease
Ground Lease No
Dock High Doors 31
STNL Industrial Distribution Facility | High Growth Region in Between Charlotte & Columbia
Marketing description
This single-tenant, absolute NNN distribution Asset offers investors the opportunity to acquire a mission-critical logistics facility secured by Unique Loom, a nationally recognized and rapidly growing home furnishings company. The combination of below-market in-place rent, substantial existing infrastructure, and a strategic location between Charlotte and Columbia positions ownership to benefit from stable long-term cash flow and meaningful appreciation driven by regional growth and embedded real estate value.
Investment highlights
Highly Attractive Lease Terms
- Absolute NNN lease structure with no landlord responsibilities
- Favorable 3.00% annual rent escalations
- In place rent is approximately 50% below market, for regional comparables outside the immediate MSA for similar scale industrial facilities
Strong Corporate Tenant
- 100% leased to Unique USA, Inc. (d/b/a Unique Loom) with Rugs.com, LLC as the guarantor
- Nationally recognized manufacturer and wholesaler with a catalog exceeding 70,000 machine-woven, handmade, and custom rug designs
Extremely Valuable & Heavy Infrastructure
- ±821,648 SF building on ±35.03 acres, constructed of CMU and tilt-up concrete with expansions in the late 1960s and 1980s
- Functional industrial design featuring 16’–24’ clear heights, 31 dock-high loading doors, supporting large-scale distribution and manufacturing operations
- Roof fully replaced by the Tenant in 2018 and supported by a 20-year warranty, representing a significant capital investment by the Tenant
Listing Contacts
Listed by Institutional Property Advisors, Marcus & Millichap - Phoenix
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