Watsco (NYSE: WSO) Portfolio – 17 Properties

17-Property Portfolio Anchored by Watsco (NYSE: WSO) – A Leading Publicly Traded Tenant with Over $7 Billion in Annual Revenue and Over 600 Locations

Compelling 7% Cap Rate on Current Income | Current Rents are 50% Below Market, Offering Exceptional Upside Potential and a 14.81% Pro Forma Cap Rate

High Credit Tenant

• Corporate Strength: Acme Refrigeration is a Wholly-Owned Subsidiary of Watsco, a High-Credit Tenant with $7 Billion in Annual Revenue
• Market Dominance: The Largest HVAC/R Distributor in the Americas, Solidifying its Industry Leadership
• Publicly Traded Stability: Listed on the NYSE (WSO) with a Market Capitalization of $23+ Billion
• Economic Resilience: Watsco’s Diversified and Recession-Resilient Business Model Positions it for Sustained Performance in all Market Conditions

Strong Real Estate Fundamentals

• Established Market Presence: Each Location is Deeply Integrated into its Respective Market, Ensuring Strong Tenant Operations, Even in Rural Areas, Contributing to the Attractive Cap Rate
• Proactive Management: The Current Landlord has Maintained and Improved These Properties Meticulously, Including Expansions and Upgrades to Enhance Value and Operational Longevity
• Favorable Cost Basis: Current Rents are Significantly Below Market Levels—Often Half or Less of Market, Offering Substantial Upside Potential Through Rental Adjustments
• Tenant Commitment: The Tenant’s Operations are Deeply Rooted in These Communities, with Locations Ideally Suited to Their Business, Minimizing the Likelihood of Relocation
• Value-Add Potential: Strategy Includes Raising rents to Market Levels and Securing New Leases with Market-Rate Renewal Options, Driving Long-Term Income Growth and Portfolio Value

Brokers of Record:

• Steve Greer
  • License: BROK.995710346-ACT
  • 10527 Kentshire Court, Suite B, Baton Rouge, LA 70810
  • Phone: (225) 376-6800
• William M. “Dickey” Davis
  • License: B-15586
  • 5100 Poplar Avenue, Suite 2505, Memphis, TN 38137
  • Phone: (901) 620-3626