Schneider Regional Facility
2177 Williams Rd. Obetz, OH 43207
Price: $5,675,000
Status: Sold
Cap Rate: Contact Broker
Year Built: 1995
NOI: $348,000
Lot Size: 12.92 acres
Price Per Foot: $414
Lease Type: NNN
Remaining Term: 5 Years
GLA: 19941 sqft
Property Intro
Lee & Associates is pleased to exclusively offer for sale the fee simple interest (land & building) in an industrial warehouse facility located in Columbus (Obetz), Ohio (the “Property”). Originally built in 1995, the Property is currently leased by Schneider National Trucking and consists of a 19,941-square-foot industrial building that sits on two parcels totaling approximately 12.92 acres. This facility is one of 42 strategically located transportation facilities Schneider has in the U.S.
investment highlights
- CORPORATE LEASE: SCHNEIDER NATIONAL TRUCKING (NYSE: SNDR) – PREMIER LOGISTICS SERVICES COMPANY – $4.7B IN ANNUAL REVENUES (2019)
- The Property is currently leased by Schneider National Trucking, premier provider of trucking, intermodal and logistics services, offering one of the broadest portfolios in the industry. With nearly $5 billion in annual revenue, Schneider has been safely delivering superior customer experiences and investing in innovation for over 80 years. The corporate lease is guaranteed by Schneider Resources, Inc.
- SUCCESSFUL OPERATING HISTORY – ABSOLUTE NNN LEASE – ZERO LANDLORD RESPONSIBILITIES – BELOW MARKET LEASE RATE
- Schneider has leased this location since July 2010, and recently exercised their first Option, extending their lease for another five years. The Absolute triple-net (NNN) lease features annual rent increases of 3% and includes two (2) additional 5-year options. The landlord has no maintenance responsibilities on the asset, providing an investor with a true passive investment grade credit income stream.
- ONE OF 42 STRATEGIC U.S. FACILITIES FOR SCHNEIDER – LARGE 12.92 ACRE PARCEL – FUTURE EXPANSION AVAILABLE
- The subject property is one of 42 strategically located transportation facilities for Schneider in the U.S. The large 12.92-acre site offers expansive parking, streamlined truck staging & loading process, and full-circulation truck access. Additionally, there is approximately 4.96 acres of vacant land adjacent to the subject property. The Seller has control of the site and has been in discussion with Schneider for future expansion. The site is permitted, approved and ready to go, with plans already drawn up for additional tractor and trailer parking.
- STRATEGIC LOCATION INSIDE I-270 OUTERBELT – QUICK FREEWAY ACCESS – PROXIMITY TO RICKENBACKER AIRPORT, ONE OF THE WORLD’S TOP CARGO-DEDICATED AIRPORTS, INTERMODAL FACILITIES
- The property is ideally located within the Interstate 270 outerbelt surrounding Columbus, and offers convenient I-270 access via major travel artery Alum Creek Drive (14,200+ CPD). Additionally, the Schneider facility is just 5.7 miles from Rickenbacker Airport, one of the world’s top cargo-dedication airports and home to major intermodal shipping facilities.
- ONE OF THE BEST DISTRIBUTION HUBS IN THE U.S. – ONE DAY DRIVE FROM 46% OF THE U.S. POPULATION
- Columbus is one of the best distribution locations in the country. Encircled by major freeways that are part of an exceptional transportation hub, the city features a strong logistics and transportation network that is within a one-day drive of 46% of the U.S. population. This outstanding access to intermodal shipping facilities, major travel arteries, and freeway network confirms the outstanding benefits of this location for Schneider.
- LOCATED IN COLUMBUS: CAPITAL & MOST POPULOUS CITY IN OHIO – TOP PLACE FOR BUSINESS
- The Property is located in Obetz, Ohio, an outer suburb of Columbus, approximately 7 miles south of the City. Columbus is the state capital and the most populous city in the state of Ohio. Columbus MSA is a thriving metropolitan area of 2.2 million people and is the fastest growing major metropolitan area in the Midwest as well as #1 in job and GDP growth. Columbus was ranked as one of the Top 10 Best Large Cities in the 2018 report issued by Relocate America, a real estate research firm. As the 14th largest city in the United States, Columbus is the capital of Ohio and the largest city in the state.
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