Flex Industrial Investment Opportunity
|Catylist Listing ID:
Flex Space, Free-Standing, Mixed Use, Light Industrial, Net Leased, Warehouse/Distribution
|Building Size (RSF):
|Gross Building Area:
|Property Use Type:
||Net Leased Investment (NNN)
||Cash to Seller
Overview / Comments
Herrington Realty is pleased to present the opportunity to purchase this subject property, Sunbelt Rentals, located at 6065-B Rangeline Road in Theodore, Alabama. The property occupies approximately 0.97 acres and features a 10,000 square-foot building that has been operational since 1998.
A noteworthy aspect of this investment is Sunbelt’s commitment, demonstrated by their recent lease extension for an additional 5 years. This is further complemented by a planned rental rate increase to $8 per square foot in 2026. Lease is a NNN lease with landlord responsibilites of roof & structure and parking lot.
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