34289 Archives | Sands Investment Group

Sands Investment Group is Pleased to Present Exclusively For Sale the Newly Constructed Build-to-Suit Beacon Roofing Supply NN Industrial Investment Located at 1075 Gateway Avenue in North Port, Florida. With a Brand New 12.6 Year Double Net (NN) Lease With Attractive 2.35% Annual Rent Increases, Located in the Nation’s 10th Fastest-Growing Population Region, This Opportunity Provides For a Best-of-Class Investment in the Highly Desirable Florida Market.

BUILD-TO-SUIT: Newly Constructed Beacon Roofing Supply Delivered in September 2021; 30,000 SF Warehouse Space With a 120,000 SF Fenced Laydown Yard Including 30,000 SF Concreted, 35,000 SF Paved, and a 55,000 SF Expansion Yard; Rent Commences October 1, 2021
PASSIVE LONG-TERM INVESTMENT: 12.6 Year Double Net (NN) Lease With Attractive Annual Rent Increases of 2.35% and 2 x 5 Year Options, Which Include a 2.5% Annual Escalator Through the Entire Option Periods
STRATEGIC LOCATION: Less Than 1-Mile From Interstate 75 (VPD: 62,000+) Servicing the Nation’s 10th Fastest-Growing Population and 3rd Fastest-Growing Population in the State of Florida
STRONG RENT GROWTH: This Submarket Has Seen the Strongest Pace of Rent Growth in More Than a Decade Increasing By 6.4% Over the Last 12 Months
EXCELLENT MARKET EXPANSION: New Industrial Construction Underway is 5x the Previous 3 Year Average Largely Driven By Increased Consumer Spending and a Strong Population Growth Which Has Been Among the Nation’s Highest Over the Past 5 Years
STRONG DEPRECIATION: The Newly Constructed Property Will Offer a Great Opportunity For Depreciation, Which Includes a Concreted and Paved Lot of Over 100,000+ SF
CORPORATE GUARANTEE: Beacon Roofing Supply (NASDAQ: BECN) Guaranteed Lease with $6.94B in 2020 Revenues
EMERGING MARKET: New Class A Industrial Development With Two 150,000 SF Structures 0.5 Miles Away Off Toledo Blade Blvd and Plantation Blvd; Phase One Delivered By Q4 2021