Sold

Masterbrand Cabinets

Arcola, IL 61910

Price

$2,400,000

Cap Rate: %

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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.

Investment Highlights

  • MasterBrand Cabinets is the industry-leading premier kitchen and bath cabinet producer in North America
  • Mission-critical warehouse strategically positioned 12 miles east of a large MasterBrand Cabinets manufacturing facility (2K+ cabinets produced here daily) in Arthur, IL
  • Tenant is committed to this location evidenced by a recent early lease extension
  • Low rent ($2.50/SF)
  • Tenant is a wholly owned subsidiary of Fortune Brands Home & Security (NYSE: FBHS), an $8 billion company
  • Parent company has an investment grade credit rating (S&P: BBB-)
  • Parent company revenue increased by 26% in 2021 to $7.7 billion
  • Priced well-below replacement cost ($33/SF)

Location Highlights

  • Located directly off Interstate 57
  • The MasterBrand Cabinets warehouse is within 350 miles of 62+ million people (approximately 20% of the U.S. population)
  • Average annual household incomes are approximately $75K within ten miles

We are ready to assist you.

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400 S. Colorado Blvd | Suite 590
Denver, CO 80246

info@BlueWestCapital.com

720-989-1031