Strong Corporate Guarantee: Siteone Landscape Supply (NYSE: SITE| S&P: “BB”) is the largest and only national wholesale distributor of landscaping products in the U.S. and Canada, operating 680+ locations and generating over $4.5 billion in annual revenue in 2024.
Value-Add Opportunity: The property features two buildings totaling ±13,550 sf on 5.69 AC. SiteOne occupies approximately 6,350 SF (47%), leaving ±7,200 SF of warehouse space available for lease. this vacancy offers investors a clear path to attract an additional tenant and enhance NOI growth.
Strategic Location: Positioned in East Haven, CT, the property is less than five miles from downtown new haven and just minutes from I-95, providing direct access to New York city and Boston. The area benefits from a strong labor pool and proximity to yale university, the port of new haven, and tweed new haven airport, establishing east haven as a strategic hub for industrial users seeking connectivity throughout southern New England.
Industrial NN Lease: Tenant is responsible for CAM, taxes and property insurance, leaving the Landlord with minimal obligations.
2.5% Annual Rent Increases: The lease includes 2.5% annual escalations during both the initial term and renewal options, ensuring predictable income growth and a natural hedge against inflation.