The subject property is a 28,650-square-foot facility sitting on 4.39 acres located near Dielman Road on Kin Ark Court. ABC Supply Co. has occupied this space since 2014. There are approximately three years remaining on the lease, as well as one, five-year option to renew with 1.5 percent annual increases. This opportunity allows an investor to enjoy a strong yield with minimal landlord responsibilities.
ABC Supply Co. is the largest wholesale distributor of roofing supplies in the United States, and one of the nation’s largest wholesale distributors of select exterior and interior building products. Its subsidiary, L&W Supply Corporation, is in over 140 locations offering an array of interior products, including drywall, ceiling tile, steel framing and other building supplies. The company also operates The Town & Country Industries division of ABC Supply Co., specializing in pool and patio, hurricane and industrial building products, and consists of more than 30 stores.
St. Louis is a major city in Missouri along the Mississippi River. It is highly ranked for its logistics infrastructure, bolstered by its central geographic location and easy access to major waterways. St. Louis is a significant inland port. The region is emerging as a large financial services center, with Jones Financial locally headquartered and Reinsurance Group-American as a major employer in the area. Government entities pursue business development and provide resources for startups along with incubators with guidance and inexpensive office and lab space.
