LIPPERT CREDIT COMMITMENT – The campus is 100% occupied by Lippert (S&P: BB-) through 2030. Since acquiring Curt in 2019, Lippert has executed two renewals with significant rent increases, demonstrating a highly sticky, longterm commitment to the site from an exceptionally well-capitalized parent company.

MISSION-CRITICAL INFRASTRUCTURE – Custom-built for the tenant in 1984, the facility boasts a 42-year operating history. With $20–$30M in asset specific bolt-down costs and a highly specialized layout, the site is integral to their operations, rendering relocation risk virtually nonexistent compared to commodity warehousing.

SIGNIFICANT MARK-TO-MARKET – Current in-place rent sits 22% below market rents of $7.75/SF, presenting a clear opportunity to capture substantial upside upon renewal.

PASSIVE NNN LEASE W/ ANNUAL RENTAL INCREASES – The passive NNN lease features contractual 3.5% annual rent growth, which compounds the property’s yield while serving as an excellent contractual hedge against inflation.

COMPELLING GOING-IN YIELD PROFILE – Acquisition delivers an attractive 7.5% Year 1 cap rate on a fully occupied, 204,485 SF single-tenant NNN campus, providing immediate scale and predictable revenue with zero near-term lease-up risk.

REGIONAL LOGISTICS & CONSTRAINED SUBMARKET – Located less than a half mile from I-90 and 10 miles from I-29, the asset enjoys premier Upper Midwest distribution access within a highly constrained Brandon submarket averaging a tight 1.8% vacancy rate.