Sunbelt Cold Storage Portfolio

JLL as exclusive advisor is pleased to present the Sunbelt Cold Storage Portfolio, featuring state-of-the-art facilities located at 1564 SE Tater Peeler Rd in Lebanon, TN, and 3623 Lazy Hawk Rd in Rock Hill, SC.

This unique opportunity offers institutional investors access to best-in-class cold storage developments in high-demand markets. The portfolio comprises two assets totaling 486,058 square feet and is strategically positioned in the robust logistics hubs of Nashville and Charlotte, capturing strong tenant demand for modern cold storage solutions.

The Rock Hill facility boasts a substantial footprint of 279,111 SF and is fully leased with a WALT of 10.1 years. Darden Supply occupies 71% of the space with a 10-year lease that includes 3% annual rent escalations. Hissho Sushi leases the remaining space, enhanced with a specialized office and test-kitchen buildout and 3.5% annual escalations. The Lebanon facility spans 206,947 SF with a 5.6-year WALT across Elite Flower Services and Homestyle Direct tenants, offering consistent cash flow.

Situated near major transportation corridors, these properties benefit from critical logistical access via I-40 and I-77, as well as proximity to Charlotte Douglas International Airport and Nashville International Airport. With average asking rents for cold storage space up by 58.1% since 2019, the facilities are poised to capture ongoing market growth.

Developed by Karis, these cutting-edge buildings leverage modern specifications including multiple temperature zones and truck maintenance facilities, providing a strategic advantage in a market where over 50% of cold storage inventory is 30 years or older. With solid tenant rosters and robust market fundamentals, the Sunbelt Cold Storage Portfolio represents a compelling value-add investment with promising growth potential.