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Marketplace Listing - Industrial

NNN Leased Industrial Investment | 10+ Years

400 Nave Drive SE, Massillon, OH 44646

Unlisted

Asking Price:
  • Asset Type
  • Real Estate
  • Property Type
  • Industrial
  • Land Area
  • 15.51 Acres
  • Year Built
  • 1995
  • Parking Count
  • 269
  • Occupancy
  • 100.00%
  • Occupancy As Of
  • Jan 03, 2022
  • Industrial Type
  • Warehouse
  • Property Size
  • 243,000 Sq Ft
  • Ceiling Height
  • 22 Ft

Single Tenant | 10+ Years Lease Term | NNN Industrial Opportunity

The Opportunity 

Friedman Real Estate is pleased to present this NNN Leased Investment opportunity comprised of a ±243,000 SF industrial/manufacturing facility located in Massillon, Ohio. Located in the Canton-Massillon MSA south of Cleveland and northwest of Pittsburgh, the building is 100% occupied by Truck Hero with 10+ years of remaining lease term plus additional extension options.

Investment Highlights

• NNN leased industrial investment opportunity
• 10+ years of lease term plus additional extension options
•  Strong innovative automotive company catering to a wide range of vehicle accessories
•  Single-tenant investment with minimal landlord responsibilities
•  Mission-critical manufacturing facility
•  Building is equipped with 8 truck docks and 11 drive-in doors
•  Unique infill location with access to major employment hubs, freeway systems, and automotive OEMs
•  Major facility infrastructure investments for production and assembly


The Tenant 

Headquartered in Ann Arbor, Michigan, Truck Hero provides consumers a full range of branded automotive accessories for trucks, Jeep® brand vehicles and cars, with market-leading functionality, engineering, quality, and design. The breadth of Truck Hero’s product offering is vast, including hard and soft truck bed covers, truck caps, bed liners, floor liners, fender flares, steps, suspension kits, Ventvisors®, Jeep parts, and off-road accessories. 


The Market 

Massillon is a city in Stark County in the U.S. state of Ohio, approximately 8 miles west of Canton, 20 miles south of Akron, and 50 miles south of Cleveland. Stark County Ohio’s industrial market totals 50.3 million square feet with a 2.5% vacancy rate. Net absorption over the past year clocked in at about 540,000 SF, moderately above the five-year average of 390,000 SF.  Rents increased by an impressive 5.8% over the past 12 months, the strongest pace of rent growth observed in more than a decade.  Stark County has held a sub-4% vacancy rate since 2015 due to access to major freeway systems, central geographic location, and skilled labor force. There is about 2.1 million SF underway in Stark County, the most space under construction in more than a decade.

Download Offering Memorandum

Disclaimer: The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions.

Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace, (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property.

You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.

Unlisted

Asking Price:

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