Long Term Lease: ±7 years of lease term remaining, offering investors a stabilized investment opportunity.
Strong Credit Tenant: Ferguson is the Largest U.S. Distributor of Plumbing Supplies with over $29 Billion in annual revenue. Ferguson is listed on the NYSE (FERG) with a market capitalization of $40.56 billion.
Rent Growth: Lease provides a market rental rate with 3% annual increases throughout both the initial term and three, 5-year option periods, equating to an 7.6% blended cap rate over the initial term.
Passive Lease Structure: NNN lease with landlord responsibilities limited to roof & structure.
Market Share: This property serves as one of the only three Ferguson locations serving the Akron community.