WinSupply,
Jefferson City, MO Investment Summary
| Price | $1,826,000 |
| Cap Rate | |
| NOI | |
| Lease Term | 10 Years |
| Lease Type | Absolute NNN, with Tenant Responsible for All Taxes, Insurance, and Maintenance, Including Roof, Structure, and Parking Lot |
| Rental Increases | 5% Rental Increases in Option Periods |
| Year Built | 2020 |
| Building Size | 26,200 SF |
| Lot Size | 4.40 Acres |
| Status | Sold |
| Lead Brokers | Scott Crowle Senior Director 415.604.4288 scott.crowle@cushwake.com CA RE License #01318288 Michael T. Yuras, CCIM Cushman & Wakefield 415.481.0788 michael.yuras@cushwake.com CA RE License #01823291 Vincent Aicale Cushman & Wakefield 415.690.5522 vince.aicale@cushwake.com CA RE License #01728696 Ryan Forsyth Cushman & Wakefield 415.413.3005 ryan.forsyth@cushwake.com CA RE License #01716551 |
Investment Highlights
NEW 10-YEAR ABSOLUTE NNN LEASE
» 5% rental increases in option periods, providing an excellent hedge against inflation
» Absolute NNN lease requires no landlord management, ideal for an out of area investor
» Winsupply Inc. is a leading supplier of residential and commercial construction and industrial supplies
» Revenue of over $4.1 billion in 2019
HIGH-TRAFFIC LOCATION IN DENSELY POPULATED AND GROWING AREA
» Located near U.S. Route 54, a primary north-south thoroughfare traversing the entirety of Jefferson City (27,233 AADT)
» 48,315 residents within a five-mile radius of the property
» Convenient access to U.S. Route 50, which experiences a high traffic count of 30,140 vehicles per day
» Projected 14 percent annual average household income increase within five miles of the site in the next five years, poising Jefferson City and WinSupply for significant concurrent growth
NEW INDUSTRIAL WAREHOUSE AND OFFICE IN HIGHLY SUCCESSFUL MARKET
» Brick veneer office and showroom featuring 26,200 SF of retail space on 4.40- acre site (entirely fenced)
» 40+ years of business in the area, establishing WinSupply as a community mainstay
» WinSupply is the largest plumbing supply house in the area by over 50 percent
» Floor heat system available in the main building
» Property includes a 63,000-SF (1.45-acre) concrete storage yard
Property Description
SOLD
The property has a high-visibility location near U.S. Route 54, the main north-west thoroughfare traversing the entirety of Jefferson City, with excellent visibility and access to 27,233 vehicles per day. The site is located in the densely populated area, with 48,315 residents living within a five-mile radius of the site, and a steady annual population growth projected in the next five years. Visibility is increased by the property’s location near U.S. Route 50, which experiences a high-traffic count of 30,140 vehicles per day. The property is primed to grow along with the surrounding area, with a projected 14 percent average annual household income increase within five miles of the site in the next five years.
The property has an upgraded 2020 construction with a new brick veneer office and showroom, featuring 26,200 SF of retail space on a 4.40-acre, entirely fenced site. The location has 40+ years of business in the area, establishing WinSupply as a community mainstay. WinSupply is also the largest plumbing supply house in the area by over 50 percent. The site features a floor heat system available in the main building and includes a 63,000-SF (1.45-acre) concrete storage yard.
