50 Robinson Industrial Dr Perryville, MO 63775-3074

This exceptional investment opportunity presents a 51,580-square-foot industrial property in Perryville, Missouri, currently leased to SiteOne Landscape Supply, a national leader in landscaping products distribution (NYSE: SITE, S&P "BB" rating). The property, encompassing 79.09 acres, features five buildings constructed in 1997 and 1999. The absolute NNN lease boasts a remaining term of approximately 7.1 years, with a 10-year renewal option commencing December 31, 2031. The tenant is responsible for all operating expenses, including taxes, insurance, maintenance, and repairs. The current annual net operating income (NOI) is $342,000, yielding a 7.95% cap rate based on the $4,300,000 asking price. The lease includes a 1% annual rent increase commencing January 1, 2027. This property offers a low building coverage ratio of 1.51%, providing significant potential for future expansion. Its strategic location near quarries in Perryville, Missouri, facilitates efficient national distribution. The property's land value is $1.25 per square foot. This is a rare opportunity to acquire a high-quality, net-leased industrial asset with a strong corporate tenant and significant long-term growth potential. The property is located at 50 Robinson Industrial Dr, Perryville, MO 63775.