Blue West Capital is pleased to exclusively present the sale of a single tenant net leased MasterBrand Cabinets Warehouse in Arcola, IL. The property is a mission-critical warehouse strategically positioned 12 miles east of a large MasterBrand Cabinets manufacturing facility (2K+ cabinets produced here daily) in Arthur, IL. MasterBrand Cabinets is the industry-leading premier kitchen and bath cabinet producer in North America and is committed to this location evidenced by a recent early lease extension. The property is within 350 miles of 62+ million people (approximately 20% of the U.S. population) with an average annual household income of approximately $75K within ten miles.
The tenant is a wholly owned subsidiary of Fortune Brands Home & Security (NYSE: FBHS), an $8 billion company and the parent company has an investment grade credit rating (S&P: BBB-). The parent company revenue increased by 26% in 2021 to $7.7 billion.