--High Credit Tenant
-Strong Corporate Guarantee: Backed by a Tenant with Over $6 Billion in Annual Revenue
-Market Leadership: FleetPride Is the Largest U.S. Distributor of Heavy-Duty Truck and Trailer Parts and Services
-Mission Critical Location: FleetPride Service Center with 12 Truck Bays to Perform Maintenance on Heavy Duty Trucks
-Fair Market Value Renewals: Lease Renewal Options are at Fair Market Value, Providing a Great Hedge Against Inflation
-E-Commerce & Recession-Resilient: FleetPride's Business Model Is Well-Suited to Thrive in Various Economic Condition
--Strong Real Estate Fundamentals
-Highly Desirable IOS Site: The Property Boasts a Large 2.91-Acre Lot, a Key Feature in Today’s Market
-Long-Term Occupancy: FleetPride Has Consistently Renewed Its Lease and Operated Successfully at This Location Since 2005
-Excellent Condition: Both Tenant and Landlord Have Invested in Significant Capital Improvements, Maintaining the Property in Top Condition
-Investor-Friendly: This NN Industrial Property Offers Minimal Landlord Responsibilities, Ideal for Investors Who Are Not Local to the Market
-Located in a Dense Industrial Area with other National Brands such as Pepsi Bottling Group, FedEx Ground, Amazon, Old Dominion Freight, Thermo King, H&E Equipment Services, ABF Freight, Motion Industries, Epiroc, Culligan, and Many More within Close Proximity to the Subject Property
--Pride of Ownership Springfield, MA
-High Density Population: Over 223,000 Residents within 5 Miles
-Strong Daytime Workforce: Over 237,000 Daytime Employees within 5 Miles
-Affluent Population: Average Household Income Exceeds $84,000 within 5 Miles
Broker of Record: Thomas Shihadeh – License: #1000485