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On behalf of the Ownership, Jones Lang LaSalle America, Inc. (“JLL”) has been retained as the exclusive sales representative for 1260 Southern Road (the “Property”) – a 203,850 square foot infill asset that is 100% leased on a long-term basis and features 28’ clear height and a newly-constructed 3.24 acre fully concrete outdoor storage yard. The Property is situated 1.1 miles from the major logistical thoroughfare of I-75 and only 10 minutes from Hartsfield-Jackson Atlanta International Airport (ATL), the busiest airport in the world 20 out of the last 21 years. This strategic location provides rapid access to the dense logistical network surrounding the airport with near immediate access to Atlanta’s five major interstates. This exceptional logistical connectivity is crucial for the tenant’s operation.
The Property features a highly passive triple net lease, with tenant responsible for the roof maintenance and roof replacement during the remaining 13+ years of term. Furthermore, the Property’s outdoor storage is an increasingly rare feature for infill assets in Atlanta. This offering provides an investor with the opportunity to acquire long-term stability in a market poised for exceptional rental rate growth.
- Highly sought-after infill logistical location with strong surrounding labor pool
- Strong credit profile with attractive lease terms
- Low coverage site, heavily embedded tenant
- In-demand product type