• The lease is guaranteed by US LBM Holdings, LLC, one of the largest privately held building materials distributors in the United States with more than 460 locations nationwide and approximately $6.8 billion in annual revenue.
• US LBM recently renewed the lease through August 2031, leaving approximately 5.3 years remaining on the base term with one additional five-year renewal option featuring a 12.5% rental increase.
• The ±45,000 SF facility sits on ±4.90 acres with only 21.08% site coverage, allowing for ample outdoor storage, circulation, and operational flexibility.
• The offering provides investors with a 7.75% cap rate backed by a national corporate tenant in a sector that has continued to demonstrate long-term demand fundamentals.
• Located in Suttons Bay just outside Traverse City, the property benefits from strong regional demographics, affluent surrounding communities, and limited industrial inventory.