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.
• ESTABLISHED INFILL LOCATION / CINCINNATI DISTRIBUTION HUB – Located within the established infill Florence/Richwood submarket, which contains approximately 20 million SF of industrial inventory, the property sits just ±3 miles south of Cincinnati/Northern Kentucky International Airport. Direct access to I-71, I-75, and I-275 provides access throughout Cincinnati and to major regional markets including Louisville, Columbus, and Indianapolis.
• HIGHLY FUNCTIONAL IOS FACILITY / 5.38-ACRE SERVICE HUB — The ±15,784 SF facility features six (6) grade-level doors on an oversized 5.38-acre lot (±7% building/lot coverage). The low coverage provides ample room for vehicle circulation, equipment staging, and outdoor storage, supporting TruGreen’s daily fleet dispatch and service operations throughout the Cincinnati market.