Fortline Waterworks Jonesboro, GA
Status Under Contract
Location 1045 Post Way, Jonesboro, GA 30238
Captialilzation Rate 9.75%
Building Size 12,735 SF
Lot Size 6.28
Lease Type NNN
Term Remaining 3 Years
Price $ 1108000
- Fortiline is a Leading Distributor of Underground Water, Sewer, and Storm Utility Products in the United States
- MORSCO, Fortiline’s Parent Company, was Acquired by Reece Group in 2018 (S&P: BB+)
- 9.75% Capitalization Rate with Minimal Landlord Responsibilities
- Large Parcel Allows Ample Room for Outdoor Storage
- Located 12 Miles South of the Hartsfield-Jackson Atlanta International Airport
This Fortiline Waterworks property is a 12,735-square-foot facility sitting on 6.28 acres located just off Tara Boulevard on Post Way. Fortiline Waterworks has occupied this space since 2001. There are approximately three years remaining on the lease, as well as one, five-year option to renew with a fixed rental rate of $10,000 per month.
Agent : Patrick Doherty
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512-338-7855
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patrick.doherty@marcusmillichap.com