5890 I-10 Industrial Parkway South

For Sale

5890 I-10 Industrial Parkway South, Theodore, AL 36582

This Theodore property for sale is located at 5890 I-10 Industrial Parkway South. The current listed sale price for 5890 I-10 Industrial Parkway South is $9,050,000. 5890 I-10 Industrial Parkway South is situated on a lot that is 5 acre in size.

Contacts

broker

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 Nov 10, 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 ®

Location

  • City Theodore, AL
  • Neighborhood Koolman
  • Zip Code 36582
  • Market Mobile

Points of Interest

  • Circle K

    0.61 miles

  • Shell

    0.62 miles

  • Compac Food Stores

    1.32 miles

  • Chevron

    1.53 miles

  • BP

    2.07 miles

  • Walmart

    2.24 miles

  • Mobile, AL Supercharger

    7.97 miles

  • Rich's Car Wash

    5.80 miles

  • Dollar Car Rental

    7.55 miles

  • Tidal Wave Auto Spa

    7.56 miles

  • Enterprise

    8.34 miles

  • Hardee's

    0.82 miles

  • Hacienda San Miguel's

    0.90 miles

  • La Playa Azul

    0.92 miles

  • McDonald's

    0.99 miles

  • Subway

    1.02 miles

  • Arby's

    1.22 miles

  • China Chef

    1.35 miles

  • Krystal

    1.35 miles

  • Godfather's Pizza

    1.38 miles

  • Wendy's

    1.81 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.

Contact Listing Broker

broker

Axel Adler

Centennial Advisers