Industry Real Estate Partners is pleased to offer the opportunity to acquire the fee simple interest (land & building) in this net lease distribution and storage facility leased to Brickworks Supply, LLC in Lake Whitmore, MI.
The tenant has 9 years remaining on the primary 10 year term with two 5-year options with 3% annual lease escalations throughout the life of the lease and options. This net lease deal is ideal for investors wanting a passive income stream with little minimal landlord responsibilities. Further, outdoor storage sites have a strong barrier to entry and limited supply, allowing the investor to acquire an industrial property with a coveted use.
Strong tenant guarantee with 2023 revenue over $450M and parent company with a market capitalization over $2.5 billion. The US subsidiary has 8 manufacturing plants and 26 company operated distribution outlets.