
Leading Aluminum Food Packaging Manufacturer | Absolute Net
Industrial | 6.52% CAP | 87,839 SqFt
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Investment highlights
Long Term Absolute Net Lease Featuring 2.25% Annual Rental Increases throughout the Initial Term and One, 10-year Extension Options.
Strategic Location Along I-64 Growth Corridor - Positioned Immediately Off Interstate 64, Providing Direct East-West Connectivity Between Richmond and Charleston.
Penny Plate is a Leading Aluminum Food Container Manufacturer Serving Foodservice, Retail, and Packer Processor Markets Nationwide.
Strong Regional Food Production Ecosystem - Located Near Major Agricultural and Food Processing Operations Across the Shenandoah Valley, One of Virginia’s Most Established Food Production Regions.
Exposure to $900B U.S. Food Retail Industry - U.S. Grocery and Food Retail Sales Exceed $900 Billion Annually, Driven by Population Growth, Consumer Staples Demand, and Prepared Food Expansion.
Proximity to Regional Rail Networks - Located Within the Shenandoah Valley Rail Corridor with Access to CSX and Norfolk Southern Networks Supporting Regional Bulk Freight and Manufacturing Distribution.
Strategic Access to East Coast Population Density - Virginia Sits Within a 500-Mile Radius of Nearly Half the U.S. Population, Enhancing Distribution Efficiency and Market Reach.
Beneficiary of Growth in Prepared and Packaged Foods - Consumer Demand for Prepared Meals, Catering, Bakery Products, and Foodservice Packaging Continues to Expand Across Institutional and Retail Channels. Strong Mid-Atlantic Manufacturing Corridor - Situated in Augusta County, a Recognized Advanced Manufacturing Hub Supporting Food Production, Packaging, Logistics, and Industrial Operations Across the Shenandoah Valley.
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