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JLL is pleased to offer for sale a MasterBrand Cabinets Warehouse Facility located in Arcola, Illinois (“Property” or “Asset”). The Asset is 100% net-leased to MasterBrand Cabinets’ Inc., a wholly-owned subsidiary of Fortune Brands Home & Security (S&P: BBB+ / Stable). MasterBrand Cabinets just executed a new five-year net lease scheduled to commence in 2021 that features two, five-year renewal options and minimal landlord responsibilities.
The Property is utilized as storage and distribution for MasterBrand Cabinets products created at the company’s manufacturing plant located in the neighboring town of Arthur. Strategically positioned along Interstate 57, the Property has direct access to a major highway that runs from Chicago to Memphis, and the Property is located within a three-hour drive of Chicago, St. Louis, and Indianapolis. This offering presents the opportunity to acquire an industrial property leased to a committed and industry leading tenant with minimal landlord responsibilities.
- Committed tenant with early five-year lease renewal.
- Leased to MasterBrand Cabinets, one of the largest cabinet manufacturers in North America with 24 manufacturing plants and estimated annual revenues of $2.4 billion.
- Double-net lease structure with minimal landlord responsibilities.
- Strategically positioned within close proximity to MasterBrand Cabinets' manufacturing plant.
- Centralized location: Chicago, St. Louis, and Indianapolis all located within a three-hour drive.
- MasterBrand Cabinets is a wholly-owned subsidiary of Fortune Brands Home & Security (S&P: BBB+).