Elliott Electric Supply

Institutional-Grade Credit Tenant – Elliott Electric Supply: Nationally recognized electrical distributor with 300+ locations across 14 states, providing a corporate-guaranteed lease and exceptional payment reliability.
Strong In-Place Cashflow with Visible NOI Growth: 2026 NOI $527,288 grows to $605,075 in 2031, driven by 3.5 % annual rent escalations— delivering predictable income growth and a natural hedge against inflation.
Attractive Yield and Exit Dynamics: Offered at $9.5 million, the investment provides a 5.55% going-in cap rate, trending toward a 6.4 % yield on Year-7 NOI, supporting a compelling discounted cash-flow return profile.
Fully Upgraded, Low-CapEx Asset: Recent capital improvements—resealed and striped parking lot, new fire-suppression system, full perimeter fencing, and roof/structural inspections—ensure minimal near-term capital exposure.
Prime Southside Jacksonville Location: Situated in the highly sought-after Butler Boulevard / Southside industrial corridor, minutes from I-95 and I-295, in a submarket with strong logistics demand, high population growth, and proximity to JAXPORT.

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