Contacts

Axel Adler

Centennial Advisers

Property Details

Property Type Industrial - Manufacturing
Property Size 89,770 SF
Units 1
Lot Size 5 Acre
Additional Rent Contact for pricing
Parking Spaces Avail. 38
Property Tenancy Single Tenant
Year Built 1977
Year Renovated 2024
Date Updated Oct 7, 2024
Dock High Doors 4
Grade Level Doors 4
Office Area 6,500 SF
HVAC None

-Gexpro Services, the tenant and guarantor, is a key asset in this investment opportunity. They have signed a brand-new 10-year NNN lease, which begins in April 2025, providing long-term stability and a strong income stream for any investor. Originally part of General Electric’s GE Supply division, Gexpro Services was acquired by LKCM Headwater Investments in 2019, a private equity firm known for its strategic acquisitions. In 2022, Gexpro Services merged with Lawson Products and TestEquity to form Distribution Solutions Group, a publicly traded company on the NASDAQ. This solid backing from a publicly traded conglomerate adds to the security and reliability of the tenant. Situated in the heart of Theodore’s industrial market, the property provides excellent connectivity to the Southeastern US through the region’s major thoroughfares, which include Interstate 10 and the 90 Freeway. Theodore is only 15 minutes away from Mobile, the third-largest city in Alabama, whose economy is driven by manufacturing, maritime, logistics, aerospace, and steel. Mobile, as the only port city in Alabama, is set to become the largest port in the Gulf of Mexico, with more than $1 billion in capital projects currently underway statewide. Specialized in machining and assembly capabilities, this property serves not only production needs but also repair and assembly of A-Class components, with the use of a 30-ton lifting capacity. Spanning 89,770 SF on a 5-acre lot, the property features 40,000 SF of air-conditioned and insulated space, and is designed for heavy-duty operations with six craneways, 11 hooks, and a maximum capacity of 25 tons.

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Highlights

Unique Opportutniy to Acquire a Single Tenant Net Leased Investment Property backed by a Publicly traded Company.
Tenant Signed a Brand New 10 Year NNN Lease with Two 5 Year Options.
Tenant has been at this location since 2021 and is undergoing $2M worth of upgrades.

Getting around

22/100
Walk Score ®
31/100
Bike Score ®

Powered by Walk Score ®

City Theodore, AL
Neighborhood Koolman
Zip Code 36582
Market Mobile

Points of Interest

Compac Food Stores

1.32 miles
Shell

1.36 miles
BP

2.07 miles
Compac Food Stores

4.15 miles
Murphy USA

5.80 miles
Exxon

6.54 miles
Costco Gasoline

6.65 miles
Shell

7.10 miles
Tesla Supercharger

7.97 miles
Walmart Gas

8.24 miles

Rich's Car Wash

5.80 miles
Rich's Car Wash

6.91 miles
Carmax

7.74 miles
Enterprise

8.34 miles
Enterprise

8.50 miles
Enterprise

8.81 miles

Hardee's

0.82 miles
Hacienda San Miguel's

0.90 miles
McDonald's

0.99 miles
Subway

1.02 miles
Arby's

1.22 miles
China Chef

1.35 miles
Godfather's Pizza

1.38 miles
McDonald's

1.47 miles
Golden Corral

2.03 miles
IHOP

2.17 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

5890 I-10 Industrial Parkway South