Swanton, OH - Game One

Description:

SRS National Net Lease Group, LP is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Game One industrial investment property located in Swanton, Ohio (Toledo MSA). The tenant, ASB Sports Acquisition, Inc. has approximately 8 years remaining with 2 (5-year) options to extend, demonstrating their long-term commitment to the site. The lease features 2% annual increases throughout the initial term and option periods, steadily growing NOI and providing a future investor with a significant hedge against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor. Formed in 2022 through the consolidation and rebranding of ASB Sports and seven regional dealers, Game One is among the nation’s largest unified providers of athletic uniforms, apparel, equipment, and facility products, serving more than 13,000 schools and organizations across 38 states.

The site sits within the Toledo Express Airport Joint Economic Development District (JEED) and the Toledo Airport Community Reinvestment Area (CRA), offering pro-business incentives (including exemptions on goods shipped to Indiana, Michigan, and Ohio; and personal property and corporate income taxes - see page 11 for more details). The Toledo MSA features a 3% industrial vacancy rate which is among the lowest in the U.S. and lies within a one-day drive of more than half of U.S. and Canadian industrial markets (100 million people). Direct access to I-90 / I-80 (23,400 VPD) and I-475 (80,800 VPD), providing efficient east-west and north-south connectivity, supported by a regional labor force of roughly 600,000 with sub-5% unemployment and a robust manufacturing and logistics ecosystem anchored by Stellantis, First Solar, Amazon, UPS, FedEx, and others.

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