Original Footwear Company - Morristown, TN

Investment Overview

Alpha Real Estate Advisors presents Original Footwear’s U.S. distribution headquarters in Morristown, TN, a ±108,854 SF industrial facility on ±10.22 acres. Offered at $9.5 million at an 8.02% cap rate, this investment features a new 10-year absolute NNN lease, a corporate guarantee, and 10% rent increases every five years, with effectively zero landlord responsibilities. The mission-critical facility features 20' clear heights, 10 dock-high doors, and abundant parking in Morristown’s established industrial corridor.

Investment Highlights

• Absolute NNN Lease Structure - Tenant is responsible for Taxes, Insurance, and Common Area Maintenance (CAM), translating to truly passive income for investors with effectively zero landlord responsibilities.
• Newly Executed Long-Term Lease - Tenant has committed to a brand new 10-year lease demonstrating strong commitment to the location.
• Hedged Credit Risk - Corporate Guarantee - The lease is corporately guaranteed by Original Footwear Company Inc., tenant's parent company.
• Quality Physical Plant - This 1997-built, ±108,854 SF facility on ±10.22 acres features 20' clear heights, 10 dock-high doors, abundant parking, and a headquarters-quality façade. The functional layout enables seamless logistics and distribution uses.
• US Distribution Headquarters - The Property serves as Original Footwear's mission-critical domestic distribution and storage facility.
• Attractive Corporate Financials - In 2026, Original Footwear is projecting roughly $57 million in revenue and $5.7 million in EBITDA. The company is steadily expanding domestic and international revenue channels, and benefits from substantial non-discretionary demand.