100% LEASED TO COMPANY WITH $20B+ REVENUE – MARKET LEADER
* 100% leased to ABC Supply Company, Inc., a privately held company with annual revenues of $20.7B in 2024. ABC Supply is the largest wholesale distributor of roofing materials in North America.
* ABC Supply has an S&P credit rating of BB+, creating a highly secured income stream.
LONG NNN LEASE WITH BELOW MARKET RENT AND STRONG 3.5% BUMPS
* NNN lease structure allows for passive ownership and ease of management.
* With 7.8 years remaining on the initial lease term and the tenant’s strong financial
position, this investment offers a stable income stream.
* The lease features strong 3.5% annual increases throughout the duration of the
primary term in addition to two 5-year options at fair market rent, ensuring that the
property’s cash flow will keep pace with the rising market.
IDEAL LOCATION & SOLID UNDERLYING REAL ESTATE FUNDAMENTALS
* West Sacramento may be the most sought after submarket in the region from a logistics perspective, with its immediate access to all the region’s major freeways (Interstate 80, Highway 50 & Interstate 5), proximity to the deep water Port of Sacramento and the Sacramento International Airport, and its proximity to some of the most densely populated areas in the city.
* Even though the West Sacramento submarket is the second largest submarket in the region (25.4MSF), the vacancy rate for Light Industrial Class B (6.3MSF) is only 1.3%.
* Despite the lack of available industrial space, there are currently no industrial
buildings under construction in West Sacramento.