US LBM – 439 Wolcott St

STRONG CORPORATE GUARANTEE WITH LONG OPERATING HISTORY:
– The property is leased to US LBM Holdings, LLC, the largest privately held building materials distributor in the U.S., with more than 460 locations and approximately $6.8 billion in annual revenue. The Hardwick facility has served the local market for decades and remains an important part of US LBM’s Vermont operations.

FUNCTIONAL FACILITY WITH SIGNIFICANT RECENT CAPITAL IMPROVEMENTS:
-The property underwent a comprehensive renovation in 2019, including new polished concrete flooring, upgraded retail areas, and extensive interior and operational improvements. Additional upgrades completed in 2023 included flooring, insulation, bathroom and storefront renovations, and parking lot maintenance. These investments have minimized deferred maintenance and support long-term functionality.

RECENTLY RENEWED INDUSTRIAL NNN LEASE:
– US LBM renewed its lease through October 2030, reinforcing its commitment to the location. The Industrial NNN lease places responsibility for taxes, insurance, maintenance, and operating expenses on the tenant, with landlord obligations limited to roof and structure. The lease also includes two five-year renewal options and scheduled rent increases.

LOW-COVERAGE INDUSTRIAL OUTDOOR STORAGE (IOS) FACILITY:
– Situated on approximately 5.56 acres with only 8.40% building coverage, the property provides substantial outdoor storage and truck circulation area. The combination of warehouse space, retail functionality, and excess yard area creates a flexible IOS asset in a sector with strong investor demand and limited new supply.