Industry Leading Credit Tenant

• With over 1,700 locations and FY ’24 revenue of $29.6 billion, Ferguson Enterprises, Inc. (NYSE: FERG) is North America’s largest value-added distributor, delivering expertise and solutions across HVAC, plumbing, PVF, waterworks, and more. Ferguson is an investment-grade tenant, holding an S&P credit rating of BBB+, reflecting its financial strength and stability.

Functional Industrial Outdoor Storage (IOS) Facility

• This ±22,000 SF facility sits on ±1.85 acres of land (±27.3% site coverage) and is ideally suited for Ferguson’s operations. The building offers multiple access points, including dock-high and grade-level doors, along with a fenced and secure outdoor storage area that provides ample space for materials, equipment, and inventory. Additionally, the parking lot was replaced in 2019, helping ensure the property’s long-term operational functionality.

Prime Industrial Location

• Located just ±1 mile from downtown St. Cloud, this property is strategically positioned within an industrial hub with immediate access to Highways 10 and 23. The St. Cloud MSA (±200,000 population) offers direct connectivity to the Minneapolis-St. Paul MSA (±3,750,000 population) and the broader Midwest via Interstate 94, making it an ideal location for industrial operations and distribution.

Extensive Operating History / Attractive Lease

• Ferguson has been operating at the location for over 20 years, demonstrating its long-term commitment to the facility. With limited landlord responsibilities and below market rent (per Costar) of just $4.17/SF, the lease is ideal for a long-term investor looking for passivity and upside.