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  • GexPro, Theodore

  • 5890 I 10 Industrial Parkway South, Theodore, AL, USA
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The building spans 89,770 SF on a 5-acre lot and features 40,000 SF of air-conditioned and insulated space designed for heavy-duty operations with six craneways, 11 hooks, and a capacity of 25 to 30 tons. It is currently leased by Gexpro Services who have signed a brand-new 10-year NNN lease providing long-term stability and a strong income stream for any investor. Originally part of General Electric’s GE Supply division, Gexpro is now part of Distribution Solutions Group, a publicly traded company on the NASDAQ with annual revenues exceeding $1.2 billion. This solid backing from a publicly traded conglomerate adds to the security and reliability of the tenant, who has been at this location since 2021. Gexpro specializes in machining and assembly for production, repair, and assembly of A-Class components, serving customers in six vertical markets, including renewables, industrial power, consumer and industrial, technology, transportation, and Aerospace and Defence. To keep up with demand, they are currently investing more than $2M in upgrades to their plant and machinery in the building. The building was acquired at a going-in Cap rate of 8.2% and is a fundamentally excellent asset with strong cash flows.
 

PUBLICLY TRADED COMPANY
Unique Opportunity to Acquire a Single-Tenant Net Leased Investment Property supported by a publicly traded Company.

10 YEAR NNN LEASE
Tenant Signed a Brand New 10 Year NNN Lease, of which 8.9 years remain, with Two 5 Year Options.

MAJOR UPGRADES UNDERWAY
Tenant has been at this location since 2021 and is undergoing $2M worth of upgrades, including enhanced foundational, compression systems, 350-kW diesel backup generator, 40,000 SF insulated, air-conditioned space, new skylights, exhaust ducts as well as “Big ass fan” air circulation systems. Also agreed during DD was the corporate reconstruction of the driveways at tenants cost.

Deal Type Investment
Investment Type Industrial Building
Sponsor/Company Multiple
Hold Period 4 YR.
Investor Yield 13-15%
Funding Goal $2,731,590.00
Min. Investment $25,000.00
 

Key Investment Metrics

GexPro , Theodore, Alabama

Acquisition Price $8,295,000
Building Size 89,770 SF
Current NOI $681,000
Cap Rate at purchase 8.21%
Equity Requirement $2,731,594
Price Projected Deal IRR (Yr 5) 13% to 15%
Escalation 2%
WALT 8.9 Years
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Project Title Document Title Action
GexPro, Theodore Theodore Buildings PPM View
GexPro, Theodore Theodore Buildings Operating Agreement View
GexPro, Theodore Theodore Buildings Subscription Agreement View




Located in Theodore, Alabama, within Mobile County, this Gulf Coast submarket is gaining traction as a strategic hub for industrial and manufacturing growth. Its proximity to Mobile and direct access to Interstate 10 provide strong regional connectivity, while the nearby Port of Mobile, one of the fastestgrowing ports in the U.S., continues to expand its capacity and infrastructure, strengthening the area’s logistics advantage. Alabama offers a highly business-friendly environment, with low property taxes, competitive corporate rates, and a range of incentives for manufacturers, including tax abatements and workforce training support. The region benefits from lower labour costs, right-to-work legislation, and access to a skilled workforce tied to established industrial clusters along the Gulf Coast. With rising demand from reshoring and population growth, along with available land and flexible zoning, Theodore offers a cost-effective, scalable option for industrial users looking for long-term growth in a well-connected, expanding logistics corridor.

 

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Investment Summary

  • Deal Type: Investment
  • Sponsor: GexPro Theodore
  • Hold Period: 4 YR.
  • Investor Yield: 13-15
  • Funding Goal:$2,731,590
  • Investment Type: Industrial Building
  • Min. Investment: $25,000


Documents

The content presented herein has been curated by AccretivPARTNERS LLC in collaboration with its advisors. This information is classified as confidential and proprietary, and its distribution to you is solely for the purpose of discussion, with the clear understanding and agreement that, dissemination, or discussion of this information with any individuals not authorized by the Manager is strictly prohibited. Likewise, the use of this information is restricted to the evaluation of a potential investment in the above project. While contemplating an investment decision, it is imperative that you rely on your own thorough examination of the offering documents, inclusive of the merits and associated risks. This informational content is designed for educational purposes. Contained within this information are forward-looking statements, estimates, and projections concerning the investment opportunity and related matters. These forward-looking statements and projections reflect the current assumptions and judgments of the Manager regarding future events or trends. However, the actual results may significantly deviate from these expressions or implications due to various reasons. The Manager and AccretivPARTNERS believe that the assumptions and judgments underpinning the forwardlooking statements and projections are rational, any of these assumptions or judgments may be proven inaccurate, and the inclusion of such forward-looking statements should not be deemed, and shall not represent, a guarantee, warranty, or assurance that the projected results will be achieved. Neither the Manager, AccretivPARTNERS, the Advisors, nor any of their directors, officers, members, managers, partners, employees, agents, or advisors provide any representation, warranty, or undertaking, either expressed or implied, regarding the accuracy or completeness of this or any other written or oral information made available in connection with the assessment of such investment. Furthermore, they hold no obligation to update or rectify any information contained herein. The information herein does not constitute an offer to sell securities in the United States or any other jurisdiction and should not be construed as an exhaustive investment program but rather a strategy intended for investing a relatively small portion of an investor's assets. It may be considered a speculative investment, and interests in 151 Allendale Road are exclusively available to sophisticated individuals who meet all the requirements fully outlined in the confidential Memorandum and Articles, Listing Documents, and the Subscription agreement, as amended periodically (the "Memorandum"), and who possess experience in financial and business matters, sufficient available assets, and a comprehensive understanding of and capacity to bear the investment risks, encompassing the risk of potential loss of the investment, in part or in its entirety. No interests may be sold, nor may an offer to subscribe for such an interest be accepted before a qualified offeree receives the Memorandum describing the offering, including the risk factors and conflicts of interest. In cases where any conflict arises between the information contained herein and the information in a Memorandum, the data in the Memorandum shall prevail and supersede the information provided herein. The information herein is not designed to offer, and should not be relied upon for, accounting, legal, or tax advice or investment recommendations. It is strongly advisable that you independently investigate the investment described herein, including consulting your tax, legal, accounting, or other advisors regarding the matters discussed herein. There is no assurance that the investment objectives will be achieved. No guarantee or representation is made that AccretivPARTNERS investment programs, including, but not limited to, their investment objectives, diversification strategies, or risk monitoring goals, will attain success, and investment outcomes may vary considerably over time. Nothing herein is intended to insinuate that AccretivPARTNERS investment methodologies may be regarded as "conservative," "safe," "risk-free," or "risk-averse." Economic, market, and other considerations could potentially prompt AccretivPARTNERS to modify its investment objectives, guidelines, and restrictions. Furthermore, the 151 Allendale Road will be leveraged, introducing volatility to performance.
 
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