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5127 Boyer Pkwy, Akron, OH, 44312

FERGUSON
Closed

Key Information

Tot. SF
46,347
Year Built
2007
Term Remaining
±7 YRS
Type
Industrial

Highlights

INVESTMENT HIGHLIGHTS

  • 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.

Photos

Location

Agents

Broker of Record

Matt Wallace

License # REC.2022007141 (OH)
Matthews Real Estate Investment Services, Inc
950 Main Ave., Suite 510, Cleveland, OH 44113