Broker of Record Kyle Matthews License No. 263667 Matthews Retail Group, Inc. 841 Apollo Street. Suite 150, El Segundo, CA 90245 (310) 919-5757
Below Market Rent – Current Graybar rent is ± 32% below market rent, local rent comps with similar square footage average at $11.30/SF while Graybar’s is $7.70/SF. (CoStar)
Strong Location – Graybar is within a mature industrial pocket, a quarter of a mile away from highway 79, 2.0 miles from Austin Peay State University, and 2.50 miles from Clarksville’s 95,000 sqft Governor’s Square mall, with household names within neighboring proximity such as Target, Lowes Home Improvement, The Home Depot, Starbucks, Walmart and more.
Building above market standards: This Metal and steel framed office, showroom, and warehouse facility features 9,940 sqft, with 4 drive-in doors and 1 ground level loading dock.
Tenant Security: Graybar, a Fortune 500 company, is a top producer and distributor of electrical, communications and data networking products. With 290 locations and 8,500 employees Graybar has established itself as a fortune 500 corporation and continues to grow, last year in 2017 Graybar’s net sales totaled 6.6 billion, a 3.9 percent increase compared to the previous year.
Strong Market Fundamentals: The featured building is in a dense industrial park with a surrounding population of 96,042 growing 2.54% year over year. Additionally, the local highway 79 has an average daily traffic count of 29,950.