Prime NNN sale-leaseback investment opportunity in the Corporate Ridge Business Park area of Columbus, Georgia. The property is a 15.5 acre site featuring a 34,500 square foot building with 3 dock doors and 1 ramp. Clear height is 10' for offices and 12' loading dock. 152 parking spaces with plenty of room for expansion. Pad ready space is available. Muscogee Mills will lease back the building for an initial term of 15 years with price escalations throughout the term. Cap rate is 8.97%.
Since 1968, Muscogee Mills (formerly known as Muscogee Textiles, Inc.) has been a leading manufacturer of textile products. Through their domestic cut and sew facility located in Columbus, GA, they manufacture a diverse inventory of products, including beach towels, golf towels, bath towels, robes, bath wraps, custom-made chaise lounge covers, and more. The company is looking to expand their production and employee base.