1589 Cedar Hurst Rd Chester, SC 29706

Exceptional investment opportunity: This 325,076 square foot Class A distribution center in Chester, South Carolina, presents a compelling investment opportunity. Located at 1589 Cedarhurst Rd, this single-tenant property boasts a 10-year NNN lease with 8.9 years remaining, expiring October 31, 2033. The tenant, North America's largest roofing manufacturer, is credit-rated and provides a corporate guarantee. The lease features a $6.25/SF starting rent with 3% annual increases, generating a Year 1 NOI of $2,031,000. Further enhancing profitability, tenant improvements will add $40,000 to NOI, and a $80,000 annual property management fee is also collected. The property, built in 2024, sits on 30 acres and includes 17 dock-high doors (8 with levelers) and a drive-in door, along with a 1,040 square foot office. Its strategic location along I-77, 45 minutes south of Charlotte and an hour north of Columbia, provides excellent access to major markets. The 6.25% cap rate and the strong tenant history make this a stabilized, strategic asset in a rapidly growing industrial market. Chester County's robust economic development, with over $1.97 billion in capital investments in 2023 alone, further supports the long-term value of this property. The property is zoned ID-2 Industrial and Heavy Manufacturing and offers rail access. This sale is structured to accommodate a 1031 tax-free exchange. The asking price is $32,500,000.