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6400 Co Rd 200, Florence, AL, 35633

Whatever It Takes Transmission Parts, Inc.
$8,200,000

Key Information

Cap Rate
8.51%
Lot Size
27 Acres
Type
Industrial
NOI
$698,094
Leasable Area
325,000

Highlights

  • Proven Tenant Expansion Story: WIT leased ±108,430 SF in May 2021 and has since executed four lease amendments to expand within the building, culminating in full ±325,000 SF occupancy beginning August 1, 2026 — demonstrating sustained operational growth and commitment to the asset.
  • 100% Occupied Single-Tenant Facility: Following the most recent amendment (signed March 1, 2026), the tenant will operate throughout the entire building and create stabilized single-tenant cash flow.
  • Long-Term Lease Through 2033: The lease runs through December 31, 2033, providing income visibility with meaningful remaining term following full-building occupancy.
  • Contractual Annual Rent Increases: The lease structure includes scheduled annual rent escalations averaging approximately 2.7%–2.8%, creating organic NOI growth throughout the remainder of the lease.
  • Established National Operator: Founded in 1999, WIT operates 40+ locations and branches nationwide, serves over 12,000 customers, and employs 450+ team members. As an employee-owned (ESOP) company, the structure promotes operational continuity and long-term alignment.
  • Strategic Northwest Alabama Industrial Market: Located in Florence, AL within the Florence–Muscle Shoals MSA, the property benefits from access to US-72, SR-20, and regional interstate connectivity supporting manufacturing and logistics demand across Northern Alabama and Southern Tennessee.

Photos

Location

Agents

Broker of Record

Hutt Cooke

License # 000110253 - 0, 000168807-0 (AL)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203