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725 GA-74Peachtree City, GA 30269
725 HWY 74
Asset ClassIndustrial
Square Feet: 100,420Land: 6.13 AcresAccess Data Room
Long Term NNN Leased Industrial Facility - Credit Tenant
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Overview

Newmark Capital Markets, as exclusive advisor, is pleased to present the opportunity to acquire 725 Hwy 74 (the "Property"), a 100,420 square foot industrial project in Peachtree City, Georgia.

 

725 Hwy 74 with its strategic location along Peachtree City's industrial corridor, is situated on a 6.129-acre parcel within Peachtree City's master planned community, which has significant greenspace, strategically planned paths, tree-lined roadways, three large recreational lakes, and multiple golf/country club communities. The lifestyle of Peachtree City is especially vibrant and welcoming, and was ranked by Money Magazine among the "Top 50 Best Places to Live in the U.S. in 2021-2022."

 

The Property is well positioned to allow for easy access to Georgia's vast highway system, Interstate 85, the Atlanta Regional Airport (Falcon Field), and CSX Rail Service. The Property is also just 20 miles from the Hartsfield- Jackson Atlanta International Airport. Furthermore, the distribution / assembly property is located in the Peachtree City Industrial Park Foreign Trade Zone, providing numerous tax benefits to potential investors.

 

Delivered in 2014, this facility is 100% leased to Perrigo Direct, Inc., a wholly owned subsidiary of Perrigo Company PLC (Guarantor of the Lease).

 

Perrigo, founded in 1887, is a publicly traded entity and is a leading global consumer-focused self-care company. The Company engages in the acquisition (for repricing), manufacture and sale of consumer healthcare products, generic prescription drugs and active pharmaceutical ingredients. Traded on the NYSE, symbol PRGO, Perrigo is a component of the S&P 400. Perrigo has over 9000 employees and is located in 30 countries worldwide. The Company’s 2023 annual revenue was $4.656 Billion; with revenue growth of 7% over the previous annual period.

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Investment Highlights

  • Absolute NNN lease with financially strong credit tenant - $4.656 Billion-- Parent / Guarantor 2023 Revenue
  • The Lease is guaranteed by the NYSE traded / S&P 400 member, Parent Company (Perrigo Company plc) and its US Subsidiary (Perrigo Company)
  • Current lease expiration 5/30/2030 with 3% annual rent escalations
  • Tenant has occupied this facility since 2014 and has recently renewed for 5 years, 6 months
  • NNN Lease; 2025 NOI of $805,368
  • 20 Miles to Hartsfield-Jackson Atlanta International Airport
  • 30' clear height
  • The entire Building is Fully Air Conditioned and the warehouse humidity is climate controlled, with “30 feet in diameter "Big Ass Fans" that circulate the air throughout the warehouse
  • Property is located in the Airport / South Atlanta market, Atlanta's largest industrial submarket (235,000,000 SF)
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Contacts

Bart VanstaalduinenExecutive Managing Director(604) 256-2402bart.van@nmrk.com
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Listing provided by Revere CRE