Granite City Industrial for Sale - Illinois
Beacon Roof Supply was recently acquired by QXO for $11 Billion. They are a private equity firm that specializes in helping contractors, distributors, and suppliers streamline operations, improve efficiency, and grow their businesses with confidence. QXO is the largest publicly traded distributor of roofing, waterproofing, and complementary building products in the Unites States.
High-Quality Tenant: Beacon Roof Supply is headquartered in Herndon, Virginia. Beacon is the largest publicly traded distributor of roofing, waterproofing and related exterior products in the United States and Canada. They are among the oldest and most established distributors in the industry. Beacon is a leading provider of commercial and residential roofing, siding, windows, decking, insulation, specialty lumber, waterproofing, and air barrier systems to the North American building industry. They have supported contractors who rely on them to help them save time and build more for nearly 100 years. Their team of more than 8,000 employees throughout North America works to ensure contractors have immediate, local access to the building supplies and roofing products they need, exactly when they need them. Through strategic investments in new technology and an ever-expanding network of locations throughout the Unites States and Canada, we help contractors save time, manage work more efficiently, and enhance their businesses.
Long-Term Lease: The tenant has 6 years remaining on their lease, with (2) 5 year options, ensuring consistent cash flow for the investor. Renewals are based on market rent at that time.
Annual NOI: $160,000
Rent Growth: The lease includes 3% annual rent increases, providing a hedge against inflation and increasing the property’s value over time.
NNN Lease: All expenses covered by the tenant. Insurance, taxes, utilities, upkeep and maintenance.
The property is situated in Granite City, IL along Route 111 with easy access to three major interstates running through IL , 2.5 miles from I-255, 3 miles from I-270 and 5 miles from I-55/70. Located just North is Gateway Tradeport a 600 acre master planned industrial park and also Gateway Commerce Center, the premier 2,300 acre master planned industrial park in the St. Louis Metropolitan region.
