Listed by Matthews
$2,947,000
STNL Industrial - US LBM VT HQ
Details
Property Type Industrial
Sub Type Warehouse, Distribution
Square Footage 64,992
Cap Rate 8.00%
NOI $235,728
Tenancy Single
Brand/Tenant U.S LBM
Lease Type NNN
Lease Expiration 10/18/2030
Rent Bumps Yes
Lease Options Two, 5-Year Options
Price per SqFt $45
Year Built 1985
Acreage 7.060
Investment Type Net Lease
Lease Commencement 10/19/2015
Ground Lease No
8.00% CAP | $45/SF | National Tenant
Investment highlights
- Derby serves as the headquarters and primary operating hub for Poulin Building Materials, one of Vermont's leading building supply distributors and a subsidiary of US LBM Holdings, LLC. As the flagship Vermont location, the property supports administrative functions, inventory management, contractor sales, and regional distribution operations throughout Northern Vermont and surrounding markets. The strategic importance of the facility within US LBM's statewide network reinforces its mission-critical nature and long-term occupancy prospects.
- The property consists of approximately 64,992 square feet situated on ±7.06 acres and serves as a highly functional building materials distribution facility. The site features multiple warehouse buildings, covered storage areas, contractor sales facilities, and outdoor storage space designed specifically for lumber and building material distribution. Decades of successful operation have established the property as one of the region's premier building supply facilities.
- The property has benefited from substantial capital improvements completed by both ownership and US LBM. Recent upgrades include roof replacements, spray foam insulation improvements, storefront renovations, and a comprehensive retail modernization completed in 2024. Tenant-funded improvements included a new entrance, storefront windows, bathroom and break room upgrades, and reconfiguration of retail, contractor, and paint sales areas. Additionally, US LBM completed approximately $156,000 of paving improvements in 2024, demonstrating a significant commitment to the long-term operation of the facility.
- The property is leased to US LBM Holdings, LLC, the largest privately held building materials distributor in the United States. Operating more than 450 locations nationwide and generating approximately $8 billion in annual revenue, US LBM recently renewed its lease through October 2030, reaffirming its commitment to the location after decades of successful operation. The lease includes two five-year renewal options, providing investors with long-term income visibility.
- The lease is structured as an Industrial NNN lease with US LBM responsible for taxes, insurance, CAM, paving, HVAC, electrical, mechanical systems, and day-to-day operating expenses. Landlord responsibilities are limited primarily to roof and structure, creating a passive ownership opportunity supported by a long-standing corporate tenant. Scheduled rent increases during the option periods provide additional long-term income growth potential.
Listing Contacts
Listed by Matthews
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$235,728.00
$19,644.00/mo
Valuation Metrics
0
DSCR
8%
Cap Rate
8%
ROI
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