ABC Supply IOS_Property for Sale
ABC Supply IOS_Property for Sale
2310 O'Neil Road, Hudson, WI, 54016, US

ABC Supply IOS

Asset Description

Jones Lang LaSalle Americas, Inc. (“JLL”), is pleased to exclusively offer for sale the fee-simple interest in ABC Supply IOS located at 2310 O'Neil Road, Hudson, Wisconsin 54016. The single-tenant property is 100% leased to ABC Supply with 10 years of lease term remaining. The 35,417 SF building was constructed in 2015, includes 95,758 SF of IOS space, and sits on 7.15 acres of land.


The site is ideally situated off of Interstate 94, the primary east-west roadway connecting Hudson, Wisconsin to major metropolitan centers of commerce stretching from Michigan to Montana. The highway carries 125,000+ VPD in the area and links the property to the Twin Cities, Interstate 35, and other arterial roadways. Within a one mile proximity from the investement, population has grown over 460% since 2000, first year starting rents in the Eastern MSA have grown 11.4% annually since 2018, and unemployment has continued to trend downwards to below 2.6%.


Please see OM for more information.

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Attributes

Building area gross
3,290 m²
Occupancy
100%
Year built
2015
Land area gross
9,175 m²
Clear height
7.32 m
WALT
10 years
Parcel
7.15 Acres

Media

Investment Highlights

CREDIT TENANT

  • ABC Supply is the largest wholesale distributor of roofing and exterior building products in North America.
  • Owned by Hendricks Holding Co., the asset is occupied by the 21st largest privately owned company in the US boasting over 970 locations.


10 YEAR STNL TERM

  • The recently-negotiated lease term commences 9/1/2024, and boasts 10 years of term with 2 renewal options.
  • Annual rent bumps offer investors consistent cash flow growth from commencement to expiration.


INDUSTRIAL OUTDOOR STORAGE

  • This single-tenant industrial warehouse product also features nearly 100,000 SF of IOS storage for trucks, trailers, and product.
  • Due to zoning and use regulations, IOS property comes with a high barrier of entry, making this metro-adjacent asset a rare mix of indoor-outdoor space.


SIGNIFICANT COST TO REPLACEMENT VALUE

  • An asset with over 7 acres of total space, 35k+ SF of 22'+ clear height industrial, IOS storage, and light office space is nearly irreplaceable today.
  • Increased building and soft costs, combined with a lack of development ready land challenges investors to pencil similar assets.


TWIN CITIES ACCESS

  • The site is located only 10 miles from the eastern Minnesota metro industrial market.
  • Hudson benefits from last mile interstate commerce, high absorption, and competitive eastern MSA rents.
ABC Supply IOS 4_Property for Sale
ABC Supply IOS 4_Property for Sale

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ABC Supply IOS (0 Properties)

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Last updated
17 Jul 2024