SiteOne Landscape Supply | Hardeeville, SC
Hardeeville, South Carolina
Cap Rate: 6.00%
$3,328,000
Available
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Get In TouchNational Seating & Mobility Inc. & Taylor & Parrish Construction
3941 Deep Rock Road, Richmond, VA, 23233, USA
Sands Investment Group is Pleased to Exclusively Offer For Sale the National Seating and Mobility Inc. & Taylor and Parrish Construction Asset. This is a Rare Opportunity to Acquire a Flex Industrial and Office Asset Located in the Core Henrico Market of Richmond.
- Strong Corporate Guarantee: National Seating & Mobility is a Leader in the Healthcare Industry With Over 200 Locations in North America and Occupy 80% of the Property; National Seating & Mobility (NSM) Had an Annual Revenue of $750 Million in 2023; They Have More Than 2,600 Employees Across Four Continents and Serve More Than 300,000 Clients Annually
- Long Term Site Commitment: Both Tenants Have Been at the Site For Over 5-Years and Recently Have Extended Their Leases; National Seating & Mobility Recently Expanded at This Location Showing a Long Term Commitment to This Market
- Strong Annual Increases: This Deal Provides 2.5% Annual Increase in Rent From Both Tenants
- Infill Industrial Asset: Rare Opportunity to Acquire an Infill Industrial Asset in the Henrico-Richmond Submarket
- Highly Functional Industrial Real Estate: Located Directly Between I- 64 and Hwy 250; This Site also Provides Two Entry Points Off of Deep Rock Road Providing Drivers Easy and Efficient Access
- Two Tenant Opportunity: This Property is Currently Occupied By Two Tenants Offering Some Diversification From a Purely Single Tenant Asset
- Strong Demographics: Population Over 200,000 With a Household Income Over $148,000 Within a 5-Mile Radius
In Cooperation With Sands Investment Group, Inc – Lic. ##0226037527 BoR: Tom Gorman – Lic. VA #0225269275
3941 Deep Rock Road, Richmond, VA, 23233, USA
NATIONAL SEATING AND MOBILITY INC.
With a network of 200+ locations across the U.S. and Canada, National Seating & Mobility (NSM) is North America’s largest and most trusted provider of comprehensive mobility solutions including complex rehab technology (CRT), home and vehicle accessibility, and full-service maintenance and repair. NSM has been advancing independence and enhancing the quality of life of individuals who use mobility solutions for more than 30 years. The company has more than 2,400 dedicated team members who support more than 250,000 mobility solutions each year. Since 2006, NSM is the only national mobility solutions provider that is accredited by The Joint Commission and voluntarily undergoes a rigorous review process every few years to ensure and validate the company’s commitment to providing safe, quality care for our valued customers.
TAYLOR & PARRISH
Taylor & Parrish is a construction firm concentrating on specialized projects demanding the very best in pre-construction planning, construction techniques, and scheduling. Taylor & Parrish has concentrated on projects that require the early selection and involvement of a contractor. As a result, our clients benefit from the value that we add throughout the entire design and construction process. We offer our services as a design/builder, design assist, construction manager or a general contractor. Taylor & Parrish knows what it takes to build your project. It is our job to understand the expectations of the entire team, from the client & design team to trade and specialty contractors. This collaborative approach will find the best solution to any challenges that arise and lead to a successful project for all stakeholders.
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Price
$3,922,343
Cap Rate
7.00%
PREMISES
22,447 SF
Lease Expiration
Varies
RENTAL INCREASES
Varies
BROKERS
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To receive access to this OM, please review and sign our confidentiality agreement:
Sands Investment Group (“Broker”) is presenting for sale the Subject Property (“Property”) referenced above, by the Property’s owner (the “Owner”). Our agreement with the Owner requires that we obtain a Non-Disclosure before disclosing the name and location of his/her location of his/her business. The undersigned (“Recipients”) hereby acknowledge and agree that certain confidential information that has been or may be disclosed is intended solely for Recipients’ limited use in considering whether to pursue negotiations to acquire the Property.
Neither the Owner of the Property nor Broker or any of their respective officers, employees or agents, make any representation or warranty, expressed or implied, as to the accuracy or completeness of this confidential information and no legal liability is assumed or shall be implied with respect thereto. Information provided has been or will be gathered from sources that are deemed reliable; however, neither Owner nor Broker warrants or represents that the information is true or correct. Recipients are advised to verify information independently. Owner and/or Broker reserve(s) the right to change the Property’s purchase price, or any Property or market information provided, or to withdraw the Property from the market at any time without notice.
Recipients agree that the information provided by Broker is confidential and as such, agrees to hold and treat such information in the strictest of confidence. In addition, Recipients agree not to disclose, directly or indirectly, or permit anyone else to disclose this information to any person, firm or entity without prior written authorization of Owner or Broker and not use, or permit to be used this information in any fashion or manner detrimental to the interests of Owner or Broker. Photocopying or other duplication of such confidential information is strictly prohibited. Recipients agree not to contact the Property’s tenant(s), leasing brokers, or property management staff in connection with Recipients’ review of the Property or confidential information. IN ADDITION, THE CONFIDENTIAL INFORMATION SHALL NOT BE DEEMED AS REPRESENTATIVE OF THE STATE OF AFFAIRS OF THE PROPERTY OR CONSTITUTE AN INDICATION THAT THERE HAS BEEN NO CHANGE IN THE BUSINESS OR AFFAIRS OF THE PROPERTY SINCE THE DATE OR PREPARATION OF THE OFFERING MEMORANDUM.
While Owner and/or Broker may discuss the purchase and sale of the Property with Recipients, either Owner or Broker, in our sole and absolute discretion, may terminate sale discussions at any time and for any reason. Recipients acknowledge that neither Owner nor Broker has any obligation to discuss or agree to the sale of the Property. The acquisition discussions may be lengthy and complex. Notwithstanding that the parties may reach one or more oral understandings or agreements on one or more issues, neither of the parties shall be bound by any oral agreement of any kind, and no rights, claims, obligations or liabilities of any kind, either expressed or implied, shall arise or exist in favor of or be binding upon either Owner or Broker except to the extent expressly set out in a written agreement signed by both Owner and Broker.
This letter will further confirm that Recipients understand that Broker is presenting the information on the above-referenced Property and that Recipients agree that all initial correspondence and agreements pertaining to the opportunities and subsequent purchase shall be submitted through Agent. Prospective Buyer shall not contact the Owner directly unless given written permission by Agent or act either directly, indirectly, through any third parties including affiliates, other clients or other brokers to circumvent the purpose of this Agreement.
The term of this Agreement is for one (1) year from the date below, which shall be automatically extended through any ongoing negotiations, escrow periods or closing of any purchase and sales transaction(s) for the opportunity entered into by Prospective Buyer or its affiliates during the term hereof.
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