US LBM Absolute NNN Lease

490 E Sunny Dunes Rd, Palm Springs, CA 92264

Property Description

Price: $1,527,000
Price Per/SF: $172.52
Land Area: ±1.75 AC
Cap Rate: 5.50%
Gross Leasable Area: ±8,700 SF
Year Built: 1960

Investment Highlights

  • US LBM: One of the Nation’s Largest Building Materials Distributors
  • In-Place Rent is Currently More than 50% Below Market Rates
  • Low Price Point: Offers Investors a Lower Total Capital Requirement for an Absolute NNN Industrial Asset

Strong Credit Tenant

  • Market Leadership: US LBM Operates Over 460 Locations Across the U.S. with Over $8 Billion in Annual Revenue
  • Well Capitalized: Tenant is Backed by Bain Capital and Platinum Equity
  • E-Commerce & Recession-Resilient: US LBM Business Model Is Well-Suited to Thrive in Various Economic Conditions

Strong Real Estate Fundamentals

  • Highly Desirable Site: The Property Boasts a Rare 1.26-Acre Lot of Useable Outdoor Storage Space, a Key Feature in Today’s Market
  • Prime Location: Located in Central Palm Springs with a High Barrier to Entry for New Development
  • Investor-Friendly: This Absolute NNN Industrial Property Offers Zero Landlord Responsibilities, Ideal for Investors Who Are Not Local to the Market
  • High Average Household Income: Average Household Income Within Three Miles Exceeds $108,000, Supporting Local Spending Capacity and Demand for Service-Oriented Commercial and Industrial Uses

 

 

 

 

 

 

Contact Information

Craig Elster
Senior Director Investments
(949) 419-3223
[email protected]
License: CA 01958307

Ron Duong
Ron Duong
Senior Managing Director Investments
(949) 419-3233
[email protected]
License: CA 01438643

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