Listed by Matthews
$1,361,000
US LBM - Net Lease Industrial
Details
Property Type Industrial
Sub Type Warehouse
Square Footage 20,338
Cap Rate 8.00%
NOI $108,900
Tenancy Single
Lease Type NNN
Lease Expiration 10/18/2030
Remaining Term 4.2
Rent Bumps Yes
Lease Options Two 5-Year Options
Price per SqFt $67
Year Built 1975
Year Renovated 2019
Acreage 5.560
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 10/19/2015
Ground Lease No
8.00% CAP | Renovated Site | National Tenant
Investment highlights
- STRONG CORPORATE GUARANTEE WITH LONG OPERATING HISTORY
- The property is leased to US LBM Holdings, LLC, the largest privately held building materials distributor in the U.S., with more than 460 locations and approximately $6.8 billion in annual revenue. The Hardwick facility has served the local market for decades and remains an important part of US LBM's Vermont operations.
- FUNCTIONAL FACILITY WITH SIGNIFICANT RECENT CAPITAL IMPROVEMENTS
- The property underwent a comprehensive renovation in 2019, including new polished concrete flooring, upgraded retail areas, and extensive interior and operational improvements. Additional upgrades completed in 2023 included flooring, insulation, bathroom and storefront renovations, and parking lot maintenance. These investments have minimized deferred maintenance and support long-term functionality.
- RECENTLY RENEWED INDUSTRIAL NNN LEASE
- US LBM renewed its lease through October 2030, reinforcing its commitment to the location. The Industrial NNN lease places responsibility for taxes, insurance, maintenance, and operating expenses on the tenant, with landlord obligations limited to roof and structure. The lease also includes two five-year renewal options and scheduled rent increases.
- LOW-COVERAGE INDUSTRIAL OUTDOOR STORAGE (IOS) FACILITY
- Situated on approximately 5.56 acres with only 8.40% building coverage, the property provides substantial outdoor storage and truck circulation area. The combination of warehouse space, retail functionality, and excess yard area creates a flexible IOS asset in a sector with strong investor demand and limited new supply.
Listing Contacts
Listed by Matthews
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$108,900.00
$9,075.00/mo
Valuation Metrics
0
DSCR
8%
Cap Rate
8%
ROI
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