112 N Mainline Dr Seymour, WI
11+ year term - Single-Tenant Net Leased Industrial w/IOS
Marketing description
Colliers is pleased to present the opportunity to acquire the property located at 112 N Mainline Dr, Seymour, WI, occupied by the owner Performance Corp. Sitting on 28 acres, Performance Corp. runs their Pallet and Transportation Operations out of this approximately 105,000 square foot facility. Having recently signed a 13 year triple-net term with 2.5% annual escalations, the tenant plans to continue it’s manufacturing and processing from this mission critical location. Currently Performance Corp manufactures over 3 million pallets, crates, and boxes AND process about 300 million pounds of recycled material each year from this site while managing their fleet of 40 trucks and 450 trailers.
Investment highlights
• Long term NNN leaseback to Performance Pallet
• Few alternative investment opportunities over 100,000 SF in the region
• Low cost-basis
• Ample outdoor trailer parking with fenced in storage
• Only 17 miles from Green Bay and 20 miles to Appleton
• State of the art facilities and equipment offering additional services such as heat treatment and sanitation
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