Current Use by Public Records
- Warehouses
Property Details for 15276 Us Hwy
- Year built
- 2020
- Lot size
- 8.00 lot acres
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
This exceptional investment opportunity presents a 108,000-square-foot warehouse in Trion, Georgia, boasting a strong, long-term net lease with Foam Products Corporation. Built in 2020, this single-tenant property features a 9.4-year remaining lease term (commencing May 25, 2023, and expiring April 29, 2034), offering significant lease stability. The lease includes attractive 3.5% annual rent bumps and three, five-year renewal options, minimizing landlord responsibilities to roof and structure maintenance. The property sits on an 8-acre lot and includes 70 parking spaces. The warehouse itself offers impressive features including a ceiling height ranging from 20-22 feet in the main area, and a remarkable 50-foot ceiling height in a 10,000-square-foot section. The asking price is $9,000,000, representing a compelling $83.33 per square foot and an 8.00% cap rate. Foam Products Corporation, a leading manufacturer of acoustical underlayments, is an established tenant with a history dating back to 1978, expanding its Southeastern US operations with this facility. This property offers a secure, high-return investment with a proven tenant and attractive lease terms. The property is located at 15276 US Hwy 27, Trion, GA 30753.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Trion
- County
- Chattooga
- State
- Georgia
- Longitude
- -85.297
- Latitude
- 34.5446
