Georgia Metro Market Industrial 4-Property Portfolio

The Parts House (TPH) including its sister company, XL Parts, have 220 locations across the US and Puerto Rico. There are 14 locations in GA of which 4 are part of this portfolio sale. They are owned by Japan based Marubeni, a publicly traded multi-national company of consolidated subsidiaries with US headquarters in New York City. The Portfolio consists of four single tenant net leased locations, operated by TPH in Georgia’s largest MSA’s including Columbus, Conyers, Forest Park, and Macon totaling nearly 59,000 SF. The average operating history for each location is 20 years. Early lease extensions were executed for another 5 years, starting in September 2026 which include annual rent increases and renewal options. TPH operates aftermarket parts distribution requiring warehouse space for inventory at these locations. Uniquely, the locations are situated in higher exposure, non-industrial areas, convenient for customers. Georgia remains one of the most desirable industrial markets in the US with low vacancy rates with average cap rates of the 6% – 6.5%. The TPH portfolio is aggressively priced at an 8% cap rate or $5,260,000 at $89.53/ SF.