Carnegie Warehouse for rent

Warehouse Description

This warehouse is a long-term investment with a strong tenant in American Builders & Contractors Supply Co. The lease has over 4 years remaining, with two 5-year extension options, demonstrating their commitment to the site. The tenant is a leading supplier to building contractors, with a strong financial standing. The annual rental increases of 2.50% provide protection against inflation and generate increasing income over time.

As the investor, you will own the fee-simple title to the building and land, giving you complete control over your investment. Responsibilities are limited to casualty insurance, property taxes, roof and structural maintenance, and utility systems. This passive investment offers a low-maintenance option for investors seeking stable returns.

The property is strategically located in an industrial corridor, surrounded by similar properties. It is easily accessible via Penn-Lincoln Parkway (Interstate 376), a major transportation route. The prime location and well-established surrounding businesses create a favorable environment for the tenant and enhance the value of your investment.

The demographics within a 5-mile radius are strong, with a population of over 252,000 and over 249,000 employees in the area. The average household income of $102,179 indicates a robust and affluent consumer base.