TruGreen

• STRONG NATIONAL CREDIT TENANT + RARE PARENT GUARANTY – Founded in 1969 with over 300 locations nationwide, TruGreen is America’s #1 largest lawn care company (30% market share), serving more than 2.3 million residential and commercial customers across the United States with lawn, tree, and shrub care services. The company employs approximately 15,000 associates and generates an estimated $2 Billion in annual revenue. The lease is further supported by an unconditional parent guaranty from Outdoor Home Services. With no stated dollar cap or burnoff, the guaranty provides investors with an additional layer of corporate recourse beyond the typical TruGreen entity.
• 25-YEAR ABSOLUTE NNN LEASE / ANNUAL RENT INCREASES – The property is secured by a 25-year Absolute NNN lease that commenced in 2023, with approximately 22 years remaining through December 2048. Annual rent increases of 2.00% provide predictable contractual income growth, while the tenant is responsible for all property expenses, including roof repairs and replacement, delivering a truly passive investment rarely found in the industrial market.
• STRATEGIC SERVICE LOCATION / LAKE HURON RESIDENTIAL & RECREATION MARKET – Located along Michigan’s Lake Huron coast and ±2 miles from Oscoda-Wurtsmith Airport, the property positions TruGreen to serve year-round residences, seasonal vacation homes, and commercial properties throughout the surrounding coastal communities. The area’s emphasis on outdoor living and recreation creates a natural fit for TruGreen’s lawn, tree, and shrub care services, helping property owners maintain attractive outdoor spaces during Michigan’s peak growing and tourism seasons. Regional connectivity via US-23 supports service coverage throughout Oscoda, Tawas, and neighboring Lake Huron communities.