IAA – ±24.5 Acre IOS Site (Richmond, VA MSA)

Insurance Auto Auctions: A Highly Reputable, BB+ Rated Industrial Tenant with Over 200 Locations Across the U.S., Canada, United Kingdom, and Australia

Mission-Critical Location: IAA Has Operated at This Site for Over 13 Years

Significantly Below-Market Rent: Tenant is Paying $753/mo per Acre, which is More Than 75% Below Market

Low Cost Basis: $284,000 Per Acre is More than 50% Below Market

High Credit Tenant

• Strong Corporate Guarantee: Backed by a Tenant with Over $4.28 Billion in Annual Revenue
• Market Leadership: IAA Is a Leading Company in the Salvage Vehicle Auction Market, Specializing in Total Loss, Damaged, and Low-Value Vehicles
• Publicly Traded: The Tenant Is Listed (NYSE: RBA) With a Market Capitalization of $20.07 Billion
• E-Commerce & Recession-Resilient: IAA Is Well-Suited to Thrive in Various Economic Conditions

Strong Real Estate Fundamentals

• Highly Desirable IOS Site: The Property Boasts a Large 24.58-Acre Lot, a Key Feature in Today’s Market
• Prime Location: Strategically Positioned on the Washington Hwy and Off Interstate 95, Offering Easy Access to the Richmond Metro Area
• Investor-Friendly: This Absolute NNN Industrial Property Offers Zero Landlord Responsibilities, Ideal for Investors Who Are Not Local to the Market
• Located in a Dense Industrial Area with other National Brands such as Ferguson, Rush Truck Centers, Bobcat, Lansing Building Products, Amazon, Contech Engineered Solutions, and Many More within Close Proximity to the Subject Property

Broker of Record:

• Brian Hosey – License: #0225247494
• 7200 Wisconsin Avenue, Suite 1101, Bethesda, MD 20814
• Phone: (202) 536-3700