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, Inc1600 West End Ave, Ste. 1500 Nashville, TN 37203