ATTRACTIVE LEASE FUNDAMENTALS
- NN structure with landlord limited to roof & structure responsibility
- 36-month lease term with 2.5% annual rent escalations
- Landlord to deliver LED relight, RTU diagnosis, 3 forklift charging stations & electrical/plumbing fixes targeted 2-3 months post commencement
INVESTMENT GRADE TENANT
- Samsung is a Fortune Global 500 company with market capitalization of approximately $396 Bn
- Investment-grade tenant ratings (S&P: AA- / Moody’s: A1)
- Worlds largest memory chip and smartphone manufacturer employing over 260,000 people globally and ranked among the top 5 most valuable brands worldwide
ANCILLARY STORAGE & DISTRIBUTION
- Samsung leverages the site for overflow storage and distribution in support
- Recent 350,000 SF warehouse expansion engineered to integrate logistics functions directly on-site
- Low industrial occupancy cost in region combined with Samsung’s committed capital base create likelihood of long term tenancy
INTERSTATE + PORT/RAIL CONNECTIVITY (I-26 CORRIDOR)
- Site is 3 miles to I-26
- Fronts Wilson Rd/US-76 a primary artery where AADT ranges from 8,700 to 19,600 on the busiest nearby segments
- South Carolina Ports just finished FY2025 with 2.6M standard shipping containers handled and recorded rail lifts at inland Port Greer up 10% YoY showing strength of inland intermodal options along the I-26 corridor
ADJACENT TO BRAND NEW SAMSUNG MANUFACTURING FACILITY
- Site proximate to Samsung’s Newberry appliance campus 1.5M SF manufacturing plant
- Facility credited with supporting 8% of total employment in Newberry
- Since opening Samsung has invested nearly $500M in Newberry and supports nearly 1,500 local jobs
LOW VACANCY NEWBERRY MARKET PROVIDING MARKTO-MARKET RENT UPSIDE
- Newberry County totals 3.15M SF of industrial space with overall availability 1.37%
- Space remains tight for warehouses under 100K SF
- No industrial projects under construction or delivered YTD
- avg. W/D asking $5.50 NN in Newberry County
- Overall Columbias MSA ask is $6.12/SF