Listed by Matthews
$5,156,188
Ron’s Lumber & Home Center
Details
Property Type Retail, Industrial
Sub Type Distribution, Warehouse
Square Footage 94,293
Cap Rate 8.75%
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Expiration 09/30/2031
Acreage 27.590
Lease Commencement 10/01/2021
Ground Lease No
NNN Lumber & Hardware – 8.75% Cap, >5 Years WALT, Strong Sales
Investment highlights
- Dominant Operator: No direct competition in the immediate trade area, the location functions as a regional destination for hardware, appliances, sporting goods, garden supplies, feed, and fuel, creating a captive customer base and meaningful barriers to displacement. Established brand for generations.
- Parent Company Strength: Nation’s Best Holdings, headquartered in Dallas, Texas, is one of the fastest-growing independent home improvement companies in the United States. Founded in 2019 by former U.S. LBM executive Chris Miller, Nation’s Best currently operates 60+ locations across 18 states, providing institutional knowledge behind the lease guarantee.
- High-Yield Investment: At the offered cap rate, the Subject Property delivers a return profile that is increasingly difficult to find in today’s net lease market. The premium reflects a rural location, offering investors a well-secured income stream with built-in growth through 1.5% annual escalations over a potential long-term hold.
- Strong Community Roots: Founded in 1994 as a small lumber yard, Ron’s has grown over three decades into an anchor retail destination for Le Flore County. The store is known for knowledgeable staff, competitive pricing, and a broad product selection. With deep community ties, Ron’s reinforces long-term viability of the location.
Listing Contacts
Listed by Matthews
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