PoolCorp | NNN Lease
408 S. Rogers Lane, Raleigh, NC 27610
Closing Notes
All Cash Transaction
Sourced East Coast Buyer Within 30 Days of Listing the Property for Sale
Property Description
Investment Highlights
National Credit Tenant: Superior Pool Products Is a Subsidiary of PoolCorp (NASDAQ: POOL), the World’s Largest Wholesale Distributor of Swimming Pool Supplies, With a Strong National and International Footprint
Priced Well Below Replacement Cost: Offered at Just $147 Per Square Foot, Significantly Below the Market Average of $200 Per Square Foot, Presenting Long-Term Value and Basis Security
Below-Market Rent Provides Downside Protection: With Current Rent at Just $6.84/SF – Less Than Half of the $14–$15/SF Market Rate
Strong Corporate Guarantee
- $5+ Billion in Annual Revenue: PoolCorp Generates Over $5 Billion in Annual Revenue, Demonstrating Significant Financial Strength and Long-Term Stability
- Industry-Leading Market Position: PoolCorp Is the World’s Largest Wholesale Distributor of Swimming Pool Supplies, Equipment, and Related Outdoor Living Products
- Publicly Traded With Strong Market Cap: PoolCorp Is Listed on the New York Stock Exchange (NYSE: POOL) With a Market Capitalization of Approximately $11.5 Billion
- Global Distribution Network: PoolCorp Operates Over 350 Sales Centers and Serves More Than 120,000 Wholesale Customers Worldwide.
- E-Commerce and Recession-Resistant: PoolCorp Benefits From Strong E-Commerce Positioning and Has Shown Resilience Through Economic Cycles, Serving a Mix of Construction, Service, and Retail Markets
Strong Real Estate Fundamentals
- Highly Desirable Location: Strategically Positioned in a Sought-After Industrial Corridor of Raleigh – One of the Nation’s Top 50 MSAs
- Expansion Potential: The Property Sits on a 2.29-Acre Parcel, Offering Space for Future Development or Building Additions
- Investor Friendly: This Net Lease Property Offers Minimal Landlord Responsibilities, Making It Ideal for Out-of-Market Investors
- Ideally Positioned Within a Thriving Industrial Corridor: Anchored by Nationally Recognized Tenants Such as Ferguson, White Cap, Snider Fleet Solutions, BrightView Landscapes, L&W Supply, SafeLite, RH Barringer, Alside, Peterbilt, Graybar, SiteOne Landscape Supply, Johnson Controls, and Others
Broker of Record: Donald Gilchrist – License: 241055
Contact Information
Craig Elster
Senior Director Investments
(949) 419-3223
[email protected]
License: CA 01958307