Stan Johnson Company Arranges Sale of Home Depot Distribution Center in Missouri
Stan Johnson Company, one of commercial real estate’s leading investment sales brokerage firms, has completed the sale of a single-tenant industrial warehouse and distribution center leased to Home Depot. The property, located at 5701 U.S. Highway 54 East in Mexico, Missouri, totals approximately 310,000 square feet. The seller, a Midwest-based developer, was represented by Jonathan Ameen and Brad Pepin of Stan Johnson Company. A private investor from New York purchased the asset for an undisclosed price.
“Industrial warehouse and distribution properties are extremely attractive in today’s environment, especially when backed by an investment grade tenant,” said Ameen, Associate Director in Stan Johnson Company’s Tulsa, Oklahoma headquarters. “This mission-critical property generated significant interest and ultimately closed at a highly competitive market-driven price.”
The property is situated on approximately 36 acres within an opportunity zone. The facility was originally constructed in 1985 with renovations in both 1995 and 2020. Throughout its occupancy, Home Depot has exercised four lease extensions, illustrating this location’s mission-critical nature. The warehouse is adjacent to another Home Depot facility which shares a joint inventory system. Together, they play a vital role in Home Depot’s supply chain, supporting the company’s goal of providing same day or next day delivery to 90 percent of the U.S.
About Stan Johnson Company:
Stan Johnson Company is one of the nation’s leading commercial real estate brokerage and advisory firms that focuses on investment sales transactions involving retail, office, industrial, healthcare, and specialty properties. The firm provides acquisition, disposition, sale leaseback, capital markets, and advisory services for institutions, developers, investment funds, corporate occupiers, and private investors across the United States. With a historic focus in the single-tenant net lease sector, Stan Johnson Company is now in its fourth decade of operation and has expanded its service platform in order to better serve its valued clients. The firm has completed more than $40 billion in transactions nationwide and continues to be regarded as the Net Lease Authority® as it focuses on continued growth and expansion into other industry sectors and services. To learn more about Stan Johnson Company, please visit: www.stanjohnsonco.com.