2650 Button Gwinnett
2650 Button Gwinnett Dr, Atlanta, GA, 30340-1574, US
19,695 ㎡
Jones Lang LaSalle America, Inc. (“JLL”) has been exclusively retained by ownership as the sales representative for 2331 Mellon Court, also known as “the Property” – a manufacturing and distribution center totaling 342,445 square feet located in Decatur, Georgia. The Property features a 125′ truck court, 26′ to 28′ clear heights, 16 dock-high doors, 11 drive-in doors and rear-loading. The Property is located just 1.5 miles north of I-20 and 4.2 miles from I-285, two of Atlanta’s major logistical thoroughfares. This exceptional location and its connectivity to Atlanta’s other major roadways, including I-85, I-75, Hwy 78, and I-675, gives users access to critical local and regional distribution arteries for seamless connectivity to the greater Atlanta area and its surrounding suburbs.
The Property is 100% leased on a long-term absolute net basis to Plaid Enterprises, Inc., one of the world’s largest, most diverse manufacturers of creative do-it-yourself products. Today they are the industry’s leading small batch paint manufacturer, producing all USA-made paint at the Property. The tenant is a subsidiary of Dyson-Kissner-Moran (DKM) Corporation (guarantor, $407M rev. 2023), who’s portfolio includes Hapco, Tri-City Extrusion, and Recreational Vehicle Group. In-place rents currently sit 22.1% below market with 8.0 years of term remaining, offering investors guaranteed stable and escalating cash flow, with an attractive mark-to-market opportunity upon the tenant’s expiration.
FINANCIAL HIGHLIGHTS
STRATEGIC LOCATION
HEAVILY EMBEDDED TENANCY