7666 CTY HWY WW Wayne WI 53090-9343

• LONG LEASE TERM: In 2021, Spiros Industries executed a 15-year sale-leaseback, showing their commitment to the site and the market. There are 14+ years remaining on the lease with four (4), 5-year renewal options.
• ATTRACTIVE RENT INCREASES: The lease calls for attractive 1.5% annual rental increases through the base term, with the rent in the first year of each option set to fair market rent and increasing annually by 1.5%, providing a steady increase in income and an attractive hedge against inflation.
• CORPORATE LEASE: The lease is backed by a corporate guarantee from Spiros Industries. Spiros Industries was established in 1991 and has operated in West Bend for over 24 years. The company is an experienced, high-volume manufacturer that has grown its reputation based on the quality and expertise of their teams with 100% customer satisfaction.
• AREA INFRASTRUCTURE: West Bend is situated at the intersection of US-45 and WI-33; US-45 provides easy access to Milwaukee, 45 minutes south, and connects to I-94 to Chicago, and WI-33 runs east and west and connects the Mississippi River to Lake Michigan. West Bend’s proximity to interstate and other highways provides convenient access for labor and logistics, and also offers commercial and freight airport accessibility.
• INDUSTRIAL ECONOMY: West Bend’s economy has been historically based in manufacturing and financial services, and the city serves as a local hub for a range of industrial production facilities. Manufacturing is the most common occupation in West Bend, with over 22% of people working in manufacturing, compared to an average of roughly 10% for the United States.

Sale Leaseback Terms:

Tenant - Spiros Industries, Inc.

Lease Term - 15 Years

Base Rent - $270,000 annually

Lease Type - NNN