100 Southcrest Dr
Stockbridge, GA 30281
Industrial Property For Sale

NN Lease | The lease is NN. Tenant is responsible for maintaining and repairing nearly all aspects of the subject property, including parking lot and property taxes. Landlord is responsible for building structure. Value Add Opportunity | Building is 61% occupied by Conduent Business Services. There is additional office space vacancy that could be leased by the new owner for additional rental upside. The C3 zoning designation provides a generous flexibility in permitted uses. Buyers are encouraged to contact Stockbridge City Planning to explore additional uses. Zero Operating Expense Leakage | Provided they are the sole tenant, Conduent is responsible for 100% of the Property’s common area maintenance expenses, real estate taxes, insurance and utilities. Corporate Guarantee | The tenant's lease is guaranteed by Conduent Incorporated (NYSE: CNDT); highly ranked by Moodys for its financial strength and performance and was given a Ba3 rating with a "stable outlook". S&P Ratings affirms a BB- rating. Annual Rental Increases | The lease provides for 2.75% rental increases every year for the initial term and the first option period. Below Market Rent | The average in-place rental rates in the South Clayton/Henry County market for Flex/Class B office spaces are $17.75/SF. Conduent is paying $14.00/SF which is slightly below the market average, offering tremendous upside to a new owner if the leased space were ever recaptured and re-tenanted. Available Option Periods | Tenant has one (1), one (1) year option and one (1), five (5) year option.