1600 Blanchard Blvd - Warehouse FOR SALE


Columbus, GA 31901- Southeast Columbus
$6,785,000 USD
310-844-9368
1600 Blanchard Blvd, Columbus, GA for Sale
$6,785,000 USD
Warehouse - FOR SALE
1/5
null | 7.4% Cap Rate

1600 Blanchard Blvd
Columbus, GA 31901
Southeast Columbus


HIGHLIGHTS

  • Strong Corporate Tenant – The Lease Guarantor, US LBM, is one of the nation’s largest and fastest-growing building materials distributors
  • Rare Absolute NNN Lease / Below-Market Rent – The property is secured by a true Absolute NNN lease (zero landlord responsibilities)
  • Significant Capital Improvements Made by Tenant – Since relocating operations to this facility in 2020, the tenant has invested more than $1 million
  • Newly Renovated / Functional IOS – This newly renovated ±129,738 SF facility is situated on ±15.25 acres

OVERVIEW

Strong Corporate Tenant – The Lease Guarantor, US LBM, is one of the nation’s largest and fastest-growing building materials distributors, providing professional builders, remodelers, and contractors with a full range of lumber and specialty products. The company operates over 460 locations across 35 states, serving nearly every major U.S. market. In 2023, Platinum Equity acquired a co-controlling stake from Bain Capital, aligning US LBM with two of the largest and most sophisticated private equity sponsors in the country. In 2024, US LBM generated $7.8 billion in revenue, underscoring the strength, scale, and long-term security of the tenancy. Rare Absolute NNN Lease / Below-Market Rent – The property is secured by a true Absolute NNN lease (zero landlord responsibilities), offering investors a fully passive income stream. US LBM entered into a 10-year lease in July 2021 with 2.00% annual rent escalations, providing built-in inflation protection. Current rent of $3.87/SF is considered below-market (per CoStar), creating long-term upside. These factors position the asset as an exceptional 1031 exchange opportunity. Significant Capital Improvements Made by Tenant – Since relocating operations to this facility in 2020, the tenant has invested more than $1 million into property improvements, underscoring its importance within the Columbus MSA since 2011. Brand-Vaughan Lumber moved into this larger, more functional site in 2020 before being acquired by US LBM in 2021. Following the acquisition, US LBM doubled down on the location, completing a major renovation at their sole expense, including new roof systems with a 10-year warranty and a high- capacity racking system. Additional upgrades include reinstallation of on-site rail service and graveling of ±3.25 acres to support excess parking and industrial outdoor storage. These significant investments highlight US LBM’s long-term commitment to this facility. Newly Renovated / Functional IOS – This newly renovated ±129,738 SF facility is situated on ±15.25 acres (19% building/lot coverage), providing abundant yard space for open storage and operation of heavy infrastructure and fleet-based logistics. Along with IOS capabilities, the facility can stack inventory up to the 30’ clear height. Featuring fourteen (14) dock-high doors and four (4) grade-level doors, this mission-critical facility is designed to support high-throughput operations and 24/7 field service mobilization. Bill Pedersen License # 80041 (GA) Matthews Real Estate Investment Services 1600 West End, Ste. 1500 Nashville, TN 37203 (866) 889-0550

FOR SALE DETAILS

PRICE

$6,785,000 USD

PRICE/SF

$49 USD /SF

CAP RATE

7.4%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

US LBM

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1978

UTILITIES

Lighting, Gas, Water, Sewer, Heating

CLEAR CEILING HT

30 Ft

DOCKS

14

DRIVE INS

4

PARKING SPACES

-

LAND DETAILS

LAND ACRES

15.25

LAND SF

664,290

ZONING

LMI

APN/PARCEL ID

023-010-002A

ASK ABOUT THIS PROPERTY

Louis MurrayMatthews Real Estate Investment ServicesMore Info
310-844-9368

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Louis MurrayMatthews Real Estate Investment ServicesMore Info
310-844-9368

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.