Foundation Building Materials | Marietta, GA
Sands Investment Group is Pleased to Present For Sale the Foundation Building Materials Industrial NNN Asset Located in Marietta, Georgia. In Concert With a Complete Gut Renovation to the Structure and the Site Completing in June 2022, This “Renovate-to-Suit” Deal Includes a Brand New Corporately Guaranteed 7-Year Lease With Three 5-Year Options. Located in the Highly-Desirable and Popular Atlanta Market, this Opportunity Offers Investors Large, Safe, Passive and Long-Term Cash Flow with Great Upside in One of the Largest Markets in North America.
- Commitment to Location – Demonstrating Long-Term Commitment to the Site in a Competitive Building Material Supply Market, Foundation Building Materials Has Not Only Been at the Location For Over a Decade, But Also Has Just Signed a New 7-Year Lease With Three 5-Year Options
- National Tenant – The Facility is Currently Leased By Foundation Building Materials (“FBM”); A Leading Construction Materials Supplier in North America, FBM Has Over 280 Locations Across Canada and the USA; And While Already a Dominant Materials Supplier in the USA, FBM Has Continued Its Recent Growth With 3 New Acquisitions in 2022 (10+ Locations) Including Hudson Interior Supply and Architectural Interior Supply in New York and L&P Building Supplier of Albuquerque
- Unique Intermodal Capabilities – A Clear Differentiator to Like Properties, This Marietta, GA FBM Location Includes Active Rail (Intermodal) Access; With the Nearest Rail Yard Less Than 1.5-Miles From the Site, Unique Materials From Across North America Can Be Delivered By Rail or Truck, Maximizing Efficiencies and Enhancing Unique Serviceability of the Site
- Highly Desirable Location With A+ Demographics – Located in the Highly-Desirable and Popular Atlanta Metro Demographic Area, Marietta is Home to Standout Demographics Including the Highest Rents Per Square Foot, Lowest Vacancies, and the Most Well-Rounded Population and Household Income Demos in the Greater Atlanta Market; The Location Sees Nearly 22,000 Vehicles Per Day
- Complete Renovation – Originally Built in 1986, the Asset is Currently Undergoing a Complete Nearly Stud-Up Renovation From January to June 2022
- Renovations Scope of Work – Significant Asphalt and Concrete Repair & Replace Work; Exterior Wood Facade Replaced With State-of-the-Art EIFS System; Complete Site Re-Grade; Addition of New Metal Canopy; Complete Re-Roof (TPO) With New 20-Year Warranty; 8,900 SF Full Office Remodel With New HVAC; Interior Door Package; New Gutters and Downspouts; New LED Lighting; Sprinkler Compression System; Addition of Exterior OH Doors; Repairs to Beams & Columns; Updates Electric and Plumbing
- Long-Term Capital Appreciation and Inflation Hedge – Competitive Rents and a Long-Term Lease Allows Investors to Lock in Extremely Safe Cash Flows With Built in Rent Increases to Hedge Against Inflation Over the Next 22 Years
- Dense Industrial Submarket – Nearby Industrial Tenants Include: Coca Cola Bottling, Lockheed Martin, ABC Supply Co., Builder’s First Source, SiteOne Landscape Supply, Ferguson Plumbing, YRC Freight, FedEx Ground, CAPCO, White Cap HD Supply, Dow Chemical, Sunbelt Rentals and Many More
- Big Box and Retail Center – Nearby Tenants Include: Walmart, Sam’s Club, O’Reilly Auto Parts, CVS Pharmacy, Sherwin Williams, Whole Foods, Costco, Target, Total Wine, Home Depot, Town Center Mall, Dick’s Sporting Goods, Ross Stores, Barnes & Noble and More
In Cooperation With Sands Investment Group Atlanta, LLC – Lic. # 67374
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