Broker of Record Kyle Matthews License No. 9381054-91 (WI) Matthews Retail Group, Inc. 841 Apollo Street. Suite 150, El Segundo, CA 90245 (310) 919-5757
Strong/Strategic Location – Strategically located 3 Miles from Appleton International Airport and 2 miles from Downtown Appleton
Below Market Rent/No Options to Renew – L&W Supply is paying below market rent of $2.45 per square foot compared to market rent of $3.50 – $5.40 per square foot within the Outagamie County Industrial Submarket experiencing vacancy levels of 1% (Costar). L&W Supply has no options to renew the lease.
Future Upside – The tenant recently exercised their last option to renew and continues until December of 2023, offering a new Landlord high upside to renegotiate the lease at market rent levels in the future.
Building Features – Large footprint (61,675 SF) with multiple buildings on-site (5 buildings), allowing them to store materials and equipment inside and outside.
Dense Industrial Market – Located within an industrial corridor with 50+ Industrial facilities, within minutes of Americold Logistics, Atlas Cold Storage, Motion Industries, Johnson Controls, All-Lift Systems, Fastenal and many more.
National Tenant – L&W Supply is one of the nation’s leading distributors of construction and building products. Recently acquired by ABC Supply, the largest wholesale distributor of roofing and building products in the nation with 700+ locations, $8 Billion in Sales, and S&P’s BB rating.