Silgan Containers - Iowa
Abs. NNN Industrial | Low Basis
Marketing description
Investment Opportunity: Long-Term Industrial Net Lease in Fort Madison, IA Experience a lucrative investment with this industrial net lease property located at 2326 263rd Avenue in Fort Madison, IA. This Offering Memorandum presents a prime opportunity for investors looking to secure a stable income stream in a growing market. The property boasts attractive investment highlights, including a long-term lease, a strategic location, and strong tenant stability. With a detailed tenant summary and property overview, this offering provides essential insights for potential investors. Fort Madison, IA, known for its industrial growth and economic stability, offers a promising market outlook for investors. Don't miss out on this remarkable opportunity to add a valuable industrial asset to your portfolio. Contact us today to learn more about this exclusive investment opportunity before it's gone.
Investment highlights
New 15-Year Absolute NNN Extension: Recently executed lease extension with 3% fixed annual rent increases and one five-year renewal option, delivering long-term, predictable cash flow and reflecting the tenant’s commitment to the site.
Strong Tenant Credit: Backed by Silgan Containers, a wholly owned subsidiary of Silgan Holdings (NASDAQ: SLGN), a leading North American rigid packaging manufacturer with diversified revenues, strong market share, and a durable credit profile.
Established Industrial Location: Situated in Fort Madison’s industrial corridor, supported by a dense manufacturing and logistics base and a business-friendly operating environment.
25+ Years at the Site: Tenant has operated at the property for over 25 years, demonstrating long-term stability and entrenched demand.
Multimodal Transportation Access: Strategic location along the Mississippi River with access to barge, rail, and highway networks, including U.S. Route 61, enabling efficient regional and Midwest distribution.
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