FleetPride - Truck & Trailer Parts

Highlights:

• GOOD CREDIT TENANT - The property is leased to FleetPride on a long-term lease with 4 years remaining, offering stability with potential for value appreciation. Furthermore, the rent structure allows room for growth as the market evolves. FleetPride has grown to operate over 300 retail branches across 46 states, offering more than 1,000,000 SKUs across 490 brands and 320 product categories.
• SELLER FINANCING - Seller financing is available, providing a unique opportunity for investors to acquire this industrial property with flexible terms. This option can help buyers secure favorable financing conditions, reduce upfront capital requirements, and streamline the acquisition process.
• HIGH-QUALITY FACILITY - The subject property was constructed in 2004 and consists of 8 grade-level doors, a small office space, and ±2 acres of outdoor storage.
• EXCELLENT LOCATION - Strategically located in the GA-400 corridor, the property offers exceptional access to major transportation routes. Situated just off Highway 20, it provides convenient connectivity to Georgia State Route 400, facilitating efficient logistics and distribution operations. This prime location is further enhanced by nearby amenities and a strong economic base, making it an ideal choice for industrial use.
• ROBUST DEMOGRAPHICS - Within a 5-mile radius, the population is approximately 177,343 with projections indicating growth to approximately 189,281 by 2028. The median household income in this area is $131,631, significantly higher than the state median of $74,664. This affluent and expanding population base supports sustained demand for industrial spaces, enhancing the property’s investment potential.
• VALUE ADD OPPORTUNITY - Tenants currently occupy the property at below-market rental rates, presenting an opportunity to increase NOI through lease restructuring or asset repositioning

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