111 Key Drive

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111 Key Drive

Brunswick, GA 31520
Asking Price
$1.07M
Cap Rate
7.85%
Asset Type
Distribution Industrial
Class
Class B

What's Special

Fortiline Waterworks (Reece Group) | Low-Coverage IOS | Upcoming 10% Rent Bump <p><strong><u>PUBLICLY TRADED PARENT COMPANY (ASX: REH) / STRONG GUARANTEE </u></strong>- Fortiline Waterworks is a wholly owned subsidiary of Reece Group and a leading distributor of underground water, sewer, and storm utility products, with nearly 80 branches across 16 U.S. states. Backed by publicly traded Reece Group, Fortiline benefits from the scale and financial strength of a global distribution platform. Reece entered the U.S. market in 2018 through its acquisition of MORSCO, which inclu

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NOI
$80,000
Cap Rate
7.48%
DSCR
1.26
Strong
Cash-on-Cash
5.13%
Monthly Payment
$5,293.776
Annual Cash Flow
$16,474.686

Location & Travel Times