500 Broadway Ave, South Roxana, IL 62087

• Strong Credit Tenant – Founded in 1974, Acuren is the largest provider of non-destructive testing (NDT) services in North America with over 110 locations and 5,300+ employees throughout the US, Canada, and the UK. In May 2024, it was publicly announced that Admiral Acquisition LTD is acquiring Acuren for $1.85 Billion. Acuren is a single source provider of technology-enabled asset protection solutions used to evaluate the structural integrity of critical energy, industrial and public infrastructures. As of July 15, 2024, S&P Global Ratings assigned Acuren a “B” credit rating with a positive outlook.
• Strategic St. Louis Location – Acuren is strategically located less than a mile from the Wood River Refinery, one of the largest oil refineries in the United States on 2,200 acres and owned by Phillips 66. Acuren is in the business of asset protection solutions for structural integrity of critical energy, industrial and public infrastructures and services the Wood River Refinery. Furthermore, the subject property is centrally positioned with convenient access to:
o St. Louis Lambert International Airport
o America’s Central Port (Transporting a value of $1.1B+ in freight annually; one of the largest freight hubs in the Midwest.)
o The Port of St. Louis (2nd Busiest Inland Port in the US and northernmost port on the Mississippi River)
o Union Pacific Railroad (2nd Largest Railroad in the US)
• Recent Lease Extension/Remodel/Annual Rent Increases – Acuren recently executed an early five (5) year lease extension showing commitment to this specific location in addition to a recent remodel including brand new siding and paint. The lease includes 3.00% Annual Rent Increases, which provides a strong hedge against inflation.
• Functional Warehouse – This 16,065 sq. ft. facility consists of 2,360 sq. ft. office space and 13,705 sq. ft. of warehouse space used for storage, laboratory, and mechanical testing. The site also features five (5) grade level doors and one (1) dock high door situated on 1.29 acres of land (28.59% building/lot coverage).