PoolCorp | NNN Lease
408 S. Rogers Lane, Raleigh, NC 27610
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
James Andrews
Associate
Net Leased Properties Group
(949) 419-3302
[email protected]
License: CA 02115272
Craig Elster
Vice President Investments
Director, Net Leased Properties Group
(949) 419-3223
[email protected]
License: CA 01958307
Senior Director, National Retail Group
(949) 419-3233
[email protected]
License: CA 01438643