• Strong Corporate Guarantee: In October 2022, White Cap completed its acquisition of Valley Supply Company, a supplier of construction materials with six locations throughout the state of Washington. White Cap is a leading distributor of specialty construction supplies with 550+ locations, 12,000+ employees, and over 200,000 customers nationwide. The company’s scale, acquisition track record, and dominant market position provide a strong and reliable corporate guarantee.
• Functional Low Coverage IOS: With ±6,400 SF of improvements situated on ±1.02 acres, the property features a building coverage ratio of only 14.40%. The site offers a rare opportunity for expansion, additional yard, or future development in an established industrial corridor.
• Established Industrial Submarket: Located within Tumwater’s established Mottman Industrial Park, the property is surrounded by national tenants including SRS Building Products, PepsiCo, and Fastenal, reinforcing the area as a proven hub for distribution and contractor-oriented users. The site offers immediate access to Interstate 5 and is less than 4 miles from Olympia Regional Airport, supporting regional logistics, corporate aviation, and industrial growth.
• Industrial NNN Lease: Tenant pays for CAM, taxes, and insurance with minimal landlord responsibilities.
• 3% Annual Rent Increases / Fair Market Option: Lease features 3% annual rent increases throughout the initial term, providing consistent NOI growth and a built-in hedge against inflation. The lease also includes one 5-year renewal option at Fair Market Rent, offering potential upside upon exercise.