x
By submitting, you're allowing YAFC Team to email you regarding available listings. You can unsubscribe anytime.

x

ABB Holdings, Rogersville, TN

ABB Holdings

Price $8,597,000
Cap Rate 6.25%
NOI $537,297
Lease Term 10+ Years
Lease Type Net, with Tenant Responsible for All Taxes, Insurance, and Maintenance, Excluding Structure and Parking Lot
Rental Increases Rental Increases are the Greater of: 115% of Base Rent or Fair Market Value
Year Built 1970
Building Size 221,400 SF
Lot Size 75.35 Acres (1,038,470 SF)
Status Available
Lead Broker Information Michael T. Yuras, CCIM
Cushman & Wakefield
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Ryan Forsyth
Cushman & Wakefield
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Vincent Aicale
Cushman & Wakefield
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Scott Crowle
Senior Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Investment Highlights

10+ YEARS NET LEASE WITH RENTAL INCREASES IN OPTION PERIODS
» Recent lease extension with 15 percent rental increases in option periods, providing a hedge against inflation
» Tenant pays all real estate taxes and insurance directly, minimizing landlord management
» Occupied by ABB Holdings since 1970, demonstrating a long-term commitment to the location
» $3.15M of capital improvement including HVAC replacement, roof replacement, and office renovations (paid out-of-pocket by the tenant) – exemplifying ABB Holdings’s dedication to the site
» 9% office space | Ceiling: 13’-40’ clear heights | 7 dock doors

INVESTMENT-GRADE TENANT WITH STRONG FINANCIALS
» Baldor acquired by ABB in 2011 for $4.2 billion in an all-cash transaction (NYSE: “ABB”, $27.6 billion revenue)
» Long-term rating of “A3” from Moody’s and “A” from S&P for the parent company, ABB Ltd.
» 140,000+ employees in approximately 100 countries

HIGH-TRAFFIC LOCATION IN INDUSTRIAL AREA NEAR DOWNTOWN ROGERSVILLE
» One mile from State Route 66 (16,500 AADT), making the site easily accessible
» Central location between Nashville, Tennessee and Charlotte, North Carolina (most populous city in North Carolina, $7.4 billion in visitor spending in 2018)
» Beneficial proximity to Downtown Rogersville and primary Rogersville thoroughfares, increasing accessibility to the site
» Projected 15 percent AAHI increase within five miles of the site in the next five years, poising Rogersville for explosive growth

CENTRAL LOCATION NEAR LARGE EMPLOYERS, RETAILERS, AND COMMUNITY ATTRACTIONS
» Surrounded by multiple large-scale industrial operations, including HDK Industries, STA, LLC, and TRW Automotive U.S.
» 1.5 miles from Hawkins County Memorial Hospital (IBM Watson Health 100 Top Hospital for three consecutive years)
» Gateway to Panther Creek State Park, Cherokee National Forest, and David Crockett Birthplace State Park (19.4 million visitors to North Carolina State Parks in 2017), adding to the area’s attraction



Property Description

The property is conveniently located and easily accessible from Rockwell Drive and Dodge Drive, just off of West Main Street, a primary Rogersville east-west thoroughfare. The location is one mile from State Route 66, a primary Tennessee north-south thoroughfare connecting five Tennessee Counties, which experiences a high traffic count of 16,500 vehicles per day, and adds to the site’s accessibility. The property benefits from its central location in Rogersville’s populous industrial area, with 60,777 residents living within a 15-mile radius of the location. The site’s surrounding area is primed to grow, with a projected 15 percent average annual household income increase within five miles of the site in the next five years. The location serves as a gateway to Nashville, Tennessee and Charlotte, the most populous city in North Carolina, which generated $7.4 billion in visitor spending in 2018. The property is surrounded by multiple large-scale industrial operations including HDK Industries, STA, LLC, and TRW Automotive U.S. The site serves as a gateway to Panther Creek State Park, Cherokee National Forest, and David Crockett Birthplace State Park (19.4 million visitors to North Carolina State Parks in 2017), adding to the area’s attraction. The property is also 1.5 miles from Hawkins County Memorial Hospital, an IBM Watson Health 100 Top Hospital for three consecutive years, which has generated $69 million in total patient revenue.

Contact Us About This Property

JOIN OUR
EMAIL LIST
SUBSCRIBE
Receive Our Latest Single and Multi-Tenant Listings
close-link