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INVESTMENT HIGHLIGHTS
LONG LEASE TERM REMAINING - G&S Metal Products has ± 18.5 years in lease term remaining featuring annual increases throughout both the primary term and options.
ANNUAL INCREASES - The lease features 2.0% annual increases in base rent throughout the rest of the primary term and through each of the 6, 5-year renewal option periods. These increases provide an opportunity for value appreciation and a strong hedge against inflation.
ZERO LANDLORD RESPONSIBILTIES - G&S Metal Products is operating under an Absolute NNN lease with zero landlord responsibilities.
STRONG LOGISTICAL LOCATIONS - G&S is situated strategically within the Cleveland, OH metro and less than 2-miles from Interstate 77, which begins in Cleveland, OH and ends in Cayce, SC.
STRONG INDUSTRIAL SUBMARKET - The Downtown Southeast Cleveland submarket boast strong recent fundamentals, including a vacancy rate of 5.5% and an average rent growth of 4.2% on 16M+ square feet of inventory over the last three years.
HEALTHY DEMOGRAPHICS - The population within a 5-mile radius of the property is 323,433 per ESRI analytics, and the average household income in this area is $66,914.
CLEVELAND, OH MSA - Cleveland is a city that combines strategic location, economic vibrancy, and a commitment to growth. The economy is robust, with a metropolitan population of 2 million and the presence of nine Fortune 500 companies.
