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13 McBride StNewnan, GA 30263
13 McBride St
Asset ClassIndustrial
overview of deal

Overview

The subject property is located just off Interstate 85, approximately 40 miles southwest of the Atlanta Perimeter in Newnan, Georgia. Effective December 30th, the Tenant executed a new 7 year NNN lease renewal. The initial rental rate of $4.95 per square foot will include a 10% annual rent escalation in Year 2, with a rent escalation being 3% thereafter.

 

The ± 51,472 square foot distribution facility on approximately 2.2 acres is mission-critical to the tenant’s operations. The building includes ± 2,349 square feet of office space, clear heights ranging from 20 to 24 feet, and six (6) dock-high doors for efficient loading and unloading.

 

The South Metro Atlanta industrial market remains one of the region’s most active logistics hubs, supported by proximity to I-85 and Hartsfield-Jackson Atlanta International Airport. Vacancy rates are approximately 8.8%, stabilizing after a wave of speculative deliveries, while asking rents have grown 6% year-over-year, averaging $8.60 per square foot. Development has slowed significantly, with 8.5 million square feet under construction—the lowest level in a decade—creating favorable conditions for rent growth.

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Investment Highlights

Lease-Term Remaining
7 Years
Deal Size
$4.25 M
Square Feet
51,472
Year Renovated
2017
  • 51,472 SF on 2.2 Acres
  • New 7-yr NNN Lease Renewal
  • 3% annual escalations with a 10% bump on 12/30/2026
  • Strong Tenant with Long History at Property
  • Property expanded 25,000 SF and renovated in 2017

 

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13 McBride StNewnan, GA 30263

Sales Team

Todd HarrellSenior Vice President | Principal(404) 993-7012todd.harrell@colliers.com
Chris WileyExecutive Vice President | Principal(303) 283-4588chris.wiley@colliers.com

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Listing provided by Revere CRE