Tri-State Industrial Supply Company
Portfolio sale-leaseback of two industrial distribution facilities leased to Tri-State Industrial Supply Company, a regional MRO distributor founded in 1999. The portfolio comprises a 26,430 SF headquarters and primary distribution campus in Shreveport, Louisiana and a 4,500 SF regional hub in Colcord, Oklahoma, totaling 30,930 SF across 3.67 acres. Offered on a 15-year absolute triple-net lease at $304,800 annual rent ($9.85 NNN per SF) with 3% annual escalations, four 5-year renewal options, and zero landlord responsibilities. Price available upon request.
Tri-State Industrial Supply operates as a highly fragmented, non-discretionary MRO distributor serving 180+ customers across the Southern United States with a catalog of 24,000+ SKUs. The company operates two primary business lines: poultry-focused master distribution and an industrial division with vendor-managed inventory capabilities. The portfolio has received over $450,000 in building improvements and supports mission-critical last-mile delivery and same-day/next-day fulfillment operations.
The Shreveport campus serves as the company's corporate headquarters and operational hub, centrally positioned within the primary industrial corridor with immediate access to I-20, I-49, and I-220. Built in 1980 and renovated in 2022, the 2.67-acre site generates $264,300 annual rent ($10.00 NNN per SF). The Colcord facility, built in 2006, functions as the regional distribution hub for the Northwest Arkansas poultry corridor, strategically located along Highway 412 near the Arkansas state line with direct access to major integrators and end-users. This 1-acre site generates $40,500 annual rent ($9.00 NNN per SF).
Shreveport anchors the Ark-La-Tex region with a 400,000-person MSA and $2 billion industrial GDP. The market benefits from major employers including Amazon, UPS, AT&T, General Electric, and SLB, with emerging data center growth (Amazon $12B investment, SLB $30M expansion). The region maintains 40.4 million SF of industrial inventory with 725,000 SF of net absorption over the past 12 months. Colcord taps into Northwest Arkansas, one of the fastest-growing U.S. regions anchored by Walmart and Tyson Foods, with strong demand driven by poultry industry expansion and sustained population growth.
- 15-year absolute triple-net lease with zero landlord responsibilities; tenant bears all building, maintenance, insurance, taxes, and operating expenses
- 3% annual rent escalations with four 5-year renewal options extending potential income to 35 years
- Tri-State Industrial Supply guarantees the lease; established distributor with 25+ years of operations, 180+ customers, and 24,000+ SKUs
- Mission-critical distribution platform supporting last-mile delivery and same-day/next-day fulfillment across Ark-La-Tex and Northwest Arkansas
- Dual-market exposure: Shreveport data center growth corridor (Amazon $12B, SLB $30M) and Northwest Arkansas poultry production hub (Walmart, Tyson Foods)
- Over $450,000 in recent building improvements and equipment investments across portfolio
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Location
Portfolio comprises two strategically located industrial distribution facilities in Shreveport, Louisiana and Colcord, Oklahoma. Shreveport campus is centrally located within the primary industrial corridor with immediate access to I-20, I-49, and I-220, enabling efficient coverage of the Ark-La-Tex region. Colcord facility is positioned along Highway 412 near the Arkansas state line, providing direct access to the concentrated poultry production region in Northwest Arkansas.
- Shreveport: I-20, I-49, I-220 connectivity; data center growth (Amazon $12B, SLB $30M investment). Colcord: Highway 412 access; proximity to Walmart and Tyson Foods; Northwest Arkansas poultry corridor.
Additional details
Marketing brochure for illustrative purposes only. Broker has not verified information and makes no representations regarding property condition, financial performance, tenant financial condition, or future performance. Buyer responsible for independent due diligence.
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Corporate headquarters, operational hub, and primary distribution campus. Centrally located within Shreveport's primary industrial corridor with immediate access to I-20, I-49, and I-220. Serves as founding location with over two decades of continuous operations.
Regional distribution hub for Northwest Arkansas poultry corridor. Strategically located along Highway 412 near Arkansas state line. Functions as central inventory node within broader distribution network.
- Poultry-focused master distribution
- Industrial division with vendor-managed inventory
Building structure, maintenance, insurance, real estate taxes, all operating expenses