2555 Penny Road

2555 Penny Road, Claremont, NC, 28610, US

묘사

Jones Lang LaSalle Americas, Inc. (“JLL”) has been retained as the exclusive sales representative for 2555 Penny Road (“the Property”), a 395,990 square foot industrial facility located in Claremont, North Carolina. The Property is 100% leased to CertainTeed, a wholly-owned subsidiary of Saint-Gobain (EPA: SGO | S&P: BBB+), under a new 10-year lease with 2.5% annual rent escalations, providing investors with secure long-term cash flow and consistent income growth from an established global operator. The facility directly supports and services the adjacent Saint-Gobain manufacturing operation, reinforcing its strategic importance and long-term tenancy profile. Saint-Gobain is a global construction and manufacturing company specializing in the production of construction materials – most recently posting over $50 billion in net sales in FY2025.

The Property has been the beneficiary of significant capital improvements from Ownership, including a new 60 mil TPO roof overlay under warranty through 2046, along with efficient motion-sensored lighting throughout. Furthermore, the Property is positioned less than two (2) miles from I-40, providing national and regional connectivity to various cities including Greensboro-Winston-Salem, Raleigh-Durham and Charlotte. Tenants of the corridor enjoy direct access to all major regional thoroughfares, including I-77, US-321 and I-85, the industrial backbone of the Southeast. Additionally, the Property is priced well below replacement cost, presenting investors with compelling value compared to new construction in today’s elevated cost environment. The Class B Catawba County industrial market continues to demonstrate strong fundamentals, sporting an average 10-year occupancy rate of more than 97% and robust rental rate growth of over 166.5% since 2022.

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개요

건물 면적 순

36,789 제곱미터

점유율

100%

건축년도

1995

남은 임대 기간

9.6 년

미디어

투자 하이라이트

LONG-TERM LEASE WITH ESTABLISHED GLOBAL MANUFACTURER

•100% leased to CertainTeed, a wholly-owned subsidiary of Saint-Gobain (EPA: SGO | S&P: BBB+), a publicly traded global manufacturer

•The facility directly supports and is strategically positioned adjacent to one of Saint-Gobain’s manufacturing operations, reinforcing long-term tenancy and operational integration

•Saint-Gobain has demonstrated strong financial performance, generating over $50 billion in sales in FY 2025 and more than $4 billion in free cash flow

•A newly executed lease featuring 2.5% annual escalations delivers secure, long-term cash flow and predictable income growth from an established operator

WELL-BELOW REPLACEMENT COST OPPORTUNITY

The Property is being offered well-below the cost to replace the facility today, particularly given its small footprint and the current elevated construction cost environment

ROBUST INDUSTRIAL FUNDAMENTALS

Located to the northwest of Charlotte, Catawba County demonstrates exceptionally resilient industrial fundamentals

•Over the past 10 years, industrial space in the Catawba County submarket has averaged 97.9%, representing the exceptional demand for functional, workhorse industrial product in the region

•Average asking rental rates continue to grow in the submarket, with Class B rents growing by more than 166.5% (+21.7% CAGR) since 2022

•Very little supply pipeline with 0 SF delivered since Q4 2024 and only 30,000 SF of new product anticipated for delivery in 2026, further increasing competition for well-located, industrial assets in the submarket

STRONG REGIONAL CONNECTIVITY & ACCESS TO CHARLOTTE MSA

•The Property provides excellent access to I-40, US-321, and I-77, enabling efficient connectivity to major Sunbelt markets, including the Charlotte CBD

•Located less than two miles from I-40, the Property is within a one-day drive of approximately 60% of the U.S. population

•Situated in one of the fastest-growing major metros in the U.S., Charlotte’s centralized East Coast location, strong economic fundamentals, and access to one of the world’s busiest airports reinforce its role as a major logistics and distribution hub