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506 Bear Creek Rd 31,832 SF Industrial Building Dalton, GA 30721 $3,336,249 CAD ($104.81 CAD/SF) 7.25% Cap Rate
INVESTMENT HIGHLIGHTS
- New NNN Lease Signed by America Jingwei Textile Machinery, LLC | Avg. of 8% Annual Escalations During the Base Term | One, 3-Year Option
- 2021 Renovations Included Updates Offices, Lighting, Parking Area, Flooring, Insulation, Resealed Roof, & More
- Ideally Positioned in Advanced Manufacturing Corridor | 230+ Manufacturing Companies in the MSA
- Tenant's Parent Company is Majority Internationally Owned & Supports the Textile & Flooring Industry in Dalton, GA
- Located Just Off Abutment Rd (16,400+ VPD) | In Close Proximity to I-75, Atlanta MSA, & Chattanooga MSA
- QCells is Investing $2.5 Billion into Its 3rd Manufacturing Facility in Dalton Adding 2,500+ New Job
EXECUTIVE SUMMARY
The AP Group of Marcus & Millichap is pleased to present the opportunity to acquire fee simple interest in the single-tenant industrial building located at 506 Bear Creek Rd in Dalton, GA. The newly renovated industrial facility totals 31,382 square-feet and is fully leased to America Jingwei Textile Machinery, LLC. The tenant is on a NNN lease with minimal landlord responsibilities, attractive rental increases, and one, three-year option to renew. Headquartered in Marietta, Georgia, America Jingwei Textile Machinery, LLC, serves as a regional hub for the import, distribution, and service of advanced textile machinery. The company plays a key role in supporting Jingwei’s global supply chain by facilitating North American sales, after-sales support, and logistics.
The Dalton metro is nestled in the foothills of the Blue Ridge Mountains and is home to many of the world’s floor covering manufacturers. Located southeast of Chattanooga, the Dalton metro consists of Murray and Whitfield counties. Dalton’s economy is driven by the manufacturing, education, construction and health care sectors, with the majority of the metro’s population employed in blue-collar occupations.
The Dalton metro is nestled in the foothills of the Blue Ridge Mountains and is home to many of the world’s floor covering manufacturers. Located southeast of Chattanooga, the Dalton metro consists of Murray and Whitfield counties. Dalton’s economy is driven by the manufacturing, education, construction and health care sectors, with the majority of the metro’s population employed in blue-collar occupations.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $3,336,249 CAD | Rentable Building Area | 31,832 SF |
| Price Per SF | $104.81 CAD | No. Stories | 1 |
| Sale Type | Investment NNN | Year Built/Renovated | 1975/2021 |
| Cap Rate | 7.25% | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 0.31/1,000 SF |
| Property Subtype | Manufacturing | Clear Ceiling Height | 24’ |
| Building Class | B | No. Dock-High Doors/Loading | 6 |
| Lot Size | 1.70 AC | ||
| Zoning | Industrial - Industrial | ||
| Price | $3,336,249 CAD |
| Price Per SF | $104.81 CAD |
| Sale Type | Investment NNN |
| Cap Rate | 7.25% |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | B |
| Lot Size | 1.70 AC |
| Rentable Building Area | 31,832 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1975/2021 |
| Tenancy | Single |
| Parking Ratio | 0.31/1,000 SF |
| Clear Ceiling Height | 24’ |
| No. Dock-High Doors/Loading | 6 |
| Zoning | Industrial - Industrial |
UTILITIES
- Lighting - Fluorescent
- Gas
- Water - City
- Sewer - City
- Heating
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- America Jingwei Textile Machinery, LLC
- Manufacturing
-
99,999 SF
- -
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Lorem Ipsum
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Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| America Jingwei Textile Machinery, LLC | Manufacturing | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
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PROPERTY TAXES
| Parcel Number | 12-315-01-062 | Improvements Assessment | $666,377 CAD |
| Land Assessment | $47,943 CAD | Total Assessment | $714,320 CAD |
PROPERTY TAXES
Parcel Number
12-315-01-062
Land Assessment
$47,943 CAD
Improvements Assessment
$666,377 CAD
Total Assessment
$714,320 CAD
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506 Bear Creek Rd
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