10-Year Single Tenant Net Leased Investment, With Value Add Opportunity.
1645 Industrial Parkway South
Brunswick, OH 44212
Highlights
- • 10 Year Corporate Backed Lease.
- • Tenant has been at the location since 2010.
- • Approximately 3-acres of highly valued industrial land available for expansion.
- • High-demand Industrial location, thanks to excellent highway access and pro-business city and county governments.
- • Local industrial market maintains extremely low vacancy rates YOY.
- • Local industrial market is high barrier to entry with very few purchase opportunities YOY.
- • Highly educated local workforce and low crime environment support business growth.
Description
SVN Summit Commercial Real Estate Advisors is proud to exclusively present a remarkable opportunity for investors in the form of a Net Leased Single Tenant Industrial Investment. The property, located at 1645 Industrial Pkwy S, promises stable cash flow and minimal landlord responsibilities. What sets it apart from other single-tenant investments is its innate value-add component, which can be leveraged by astute investors. The current tenant, Master Distribution (An AFC Industries Co.), has been occupying the premises since 2010 and has recently signed a 3-year lease for additional warehouse space on the North Side of the Brunswick Industrial Parkway, indicating their long-term commitment to the location. In 2022, Master Distribution approached the ownership with a proposal to expand the current 24,000 SF building by an additional 18,000 SF, bringing the total lease to 42,000 SF. Site planning and drawings for the expansion have already been completed, providing prospective buyers with an opportunity to enhance the value and NOI of their initial investment.
Brunswick is a welcoming home to business, community, and economic growth. Explore all the wonderful opportunities Brunswick has to offer, from outstanding business sites and established locations for both industrial and commercial, to great educational opportunities, fantastic available workforce, and training options, within a growing community and region. Strategically located in the northern tier of Medina County, with direct access to I-71, just 15 minutes south of CLE International Airport, Brunswick has a population of more than 37,000 to assist in workforce solutions. With three industrial parks, two large commercial corridors, and ample opportunity for growth, as well as three major medical support systems within the community and two hospitals within minutes. Brunswick is pro-business, smart manufacturing, and community-engaged, always willing to
lend a hand, a foot, or whatever it takes to help support business success.
