November 29, 2022 – Russell Verzino, Justin Spillane, Todd Tremblay and Bob Horvath of Horvath & Tremblay have successfully completed the sale of Beacon Roofing Supply in Mishawaka, Indiana. Horvath & Tremblay procured the buyer to complete the transaction at a sale price of $1,900,000.
Beacon Roofing Supply is located at 2341 Schumacher Drive in Mishawaka, Indiana. The property is improved by a 56,000 square foot building on a 3.59-acre parcel of land. The Property was substantially renovated in 2019 and 2022. Beacon Roofing Supply has been operating at this location for more than 25 years and has 6+ years of term remaining on their Double Net (NN) lease with two (2), 5-Year renewal options. The lease calls for attractive 3% annual increases throughout the primary term and both renewal options shall be set to Fair Market Value. Beacon Roofing Supply is the largest publicly traded distributor of residential, commercial and complimentary building products in North America. Beacon Roofing Supply is well located along Schumacher Drive and is just 500 feet from W McKinley Avenue (US Route 20 BUS), the area’s primary commercial corridor. The Property is surrounded by national retailers along W McKinley Avenue and N Main Street, and also enjoys convenient access to Interstates 80 and 90. Mishawaka is a suburb of South Bend, Indiana’s fourth-largest city. South Bend is considered the economic and cultural hub or northern Indiana. With an estimated population of over 350,000, this facility is surrounded by the University of Notre Dame, South Bend International Airport, and Saint Joseph Health System.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.