Portfolio

Banner Industries Sale-Leaseback

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Attributes

Building Area Net
Occupancy 100.0 %
Call for Offers 2022-05-05

Portfolio description

Jones Lang LaSalle Americas, Inc. (“JLL”), as exclusive advisor, is pleased to offer for sale the fee simple interest in the Banner Industries (“Banner”) Sale-Leaseback Portfolio, a two-property, industrial manufacturing portfolio located in Des Plaines, IL (Chicago MSA) and Lubbock, TX. The Portfolio totals nearly 88,500 square feet of mission-critical real estate and comprises a significant portion of Banner’s business.


Founded in 1961, Banner is a leading value-added processor firmly integrated into the metals supply chain, providing services beyond typical metal distributors for a diverse mix of customers and end markets. In 2021, the company acquired a complementary business in National Kwikmetal, which has grown Banner's manufacturing and distribution footprint across the Midwest, Southeast, and Mexico. On a combined basis, the company generates more than $300 million in revenue with a modest leverage position.


The Portfolio is being offered as a 15-year absolute NNN sale-leaseback with 2.50% annual escalations. Featuring robust credit, exceptional sponsorship, and an attractive passive lease structure, this opportunity offers investors the chance to purchase well-connected and functional real estate tenanted by an established, market leader.

Investment Highlights

  • Long-term absolute NNN master lease with 2.50% annual escalations
  • Dynamic locations in competitive industrial markets
  • Industry leading tenancy with a highly diversified product catalog and customer base
  • Highly complementary network of operating segments developed via M&A successes
  • Mission-critical real estate featuring exceptional EBITDA to Rent coverage

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Banner Industries Sale-Leaseback (2 Properties)
Banner Lubbock
Lubbock, TX, United States
Banner Des Plaines
Des Plaines, IL, United States
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Last Updated Date: 20 Apr 2022

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