Overview
Institutional Property Advisors (IPA), a division of Marcus and Millichap, is pleased to offer the opportunity to acquire a ±821,648 SF single tenant distribution facility (“Asset” or “Property”) leased to Unique USA, Inc. doing business as Unique Loom (“Tenant” or “Unique Loom”) in Chester, SC, a part of the broader Charlotte, NC MSA.
This single‑tenant, absolute NNN distribution Asset offers investors the opportunity to acquire a mission‑critical logistics facility secured by Unique Loom, a nationally recognized and rapidly growing home furnishings company. The combination of below‑market in‑place rent, substantial existing infrastructure, and a strategic location between Charlotte and Columbia positions ownership to benefit from stable long‑term cash flow and meaningful appreciation driven by regional growth and embedded real estate value.
Investment Highlights
HIIGHLY ATTRACTIVE LEASE TERMS
- Absolute NNN lease structure with no landlord responsibilities
- Rugs.com provides the lease guaranty
- In place rent of $3.07/SF NNN is well below market, providing tenant cost efficiency today and embedded upside for ownership over the long term
- Regional comparables outside the immediate MSA for similar scale industrial facilities average $4.90/SF/NNN, reinforcing the opportunity for meaningful rent growth upon renewal
- Favorable 3.00% annual rent escalations
STRONG CORPORATE TENANT
- 100% leased to Unique USA, Inc. (d/b/a Unique Loom)
- Nationally recognized manufacturer and wholesaler with a catalog exceeding 70,000 machine‑woven, handmade, and custom rug designs
- Primary distribution and fulfillment hub supporting expanding wholesale operations and direct‑to‑consumer demand
EXTREMELY VALUABLE & HEAVVY INFRASTRUCTURE
- ±821,648 SF building on ±35.03 acres
- 16’–24’ clear heights
- 31 dock-high loading doors
- Roof fully replaced by the Tenant in 2018
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