FleetPride Heavy Duty Parts & Serivce

Highlights:

• Recently Executed Long-Term Renewal - Tenant recently executed a 10 year lease extension commencing in June of 2025. FleetPride continues to demonstrate their commitment to this location after 40 years of occupancy.
• Strategic Location - Subject property situated 1 minute away from I-680, provides easy access for transportation and logistics solutions. This strategic location allows FleetPride to execute daily deliveries with efficiency and effectiveness.
• Strong Tenant Profile - Tenant operates 270+ branches, 35+ service centers, and 150+ FleetCare affiliate locations distributing more than 260,000 different heavy-duty truck and trailer parts, across the United States.
• Effective Building Layout - Building layout maximizes functionality and the space utilization. This allows for optimal operations and accessibility which drives the locations productivity.
• Tenancy History - The tenant has been at this facility for over 40 years and continues to see this location as a prime site for them in the future. This location is one of the strongest FleetPride location in Ohio

Description:

Matthews Real Estate Investment Services, on behalf of ownership, is pleased to present an industrial single tenant investment opportunity located at 134 E Woodland Avenue, Youngstown, OH 44502. The tenant, FleetPride, has occupied the property for the last 40 years and currently has 11 years remaining on their lease. The newly executed lease renewal extends the lease until May 31, 2035, contains 3% annual increases and one additional 5-year extension option.

Originally built in 1939 and renovated in 2018/2019, the property is situated on ±0.70 acres and features a GLA of ±18,089 SF. In the last years, mayor capital improvements were done to the roof, structure, and architectural aspects of the property. These enhancements underscore the property's condition and its structural integrity, ensuring long-term value for stakeholders.

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