Long-Term Credit-Leased Industrial Asset in the Northeast Atlanta Corridor
Property Overview
- Secure, Credit-Backed Income: The 55,000-square-foot facility is fully leased to Engineering Systems, Inc. (ESi)—a nationally recognized engineering and consulting firm—through September 2035, providing stable, long-duration income with a strong corporate covenant.
- Consistent Rent Growth: The lease structure includes 2% annual rent escalations, supporting consistent NOI growth and providing a hedge against inflation. Current NOI of approximately $750,000 is projected to compound steadily throughout the next decade.
- Long-Term Ownership and Below-Market Basis: Acquired in May 2012, the asset exemplifies The Wideman Company’s disciplined strategy of acquiring durable, functional industrial properties well below replacement cost and maintaining value through operational excellence.
- Prime Northeast Atlanta Location: Situated in Technology Park, Norcross—a premier business corridor within the I-85 submarket—the asset benefits from exceptional connectivity, access to executive housing, and a deep labor pool serving metro Atlanta’s thriving professional and light-industrial economy.
| Feature | Details |
|---|---|
| Size | ±55,000 square feet |
| Type | Single-tenant industrial / flex |
| Tenant | Engineering Systems, Inc. (ESi) |
| Lease Term | Through September 2035 (2% annual escalations) |
| Acquisition | Purchased May 2012 |
| Current NOI | Approximately $750,000 with annual growth through escalations |
| Highlights | Credit tenancy, long-term income visibility, strong inflation protection, and prime location within Atlanta’s northeast technology and industrial corridor |