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For sale is the McKenzie Sports Products Industrial Facility, located in Salisbury, North Carolina, approximately 40 miles northeast of Charlotte. North Carolina has the largest manufacturing workforce in the southeast and has been ranked the number one state for business overall with a favorable wage profile. The facility is built-to-suit for tenant's needs and equipped with state-of-the-art manufacturing equipment. This 222,828-square-foot facility is secured by a long-term lease to McKenzie Sports Products. McKenzie has been headquartered in the Salisbury area since 1973 and is the world’s leading innovator, manufacturer and distributor of taxidermy supplies, faux panels and faux beams to a highly diverse and stable customer base of taxidermists, DIY homebuilders/property owners and contractors across the U.S. With an established reputation for the broadest product portfolio and superior customer service, McKenzie can provide a one-stop shop for its loyal customers.
• Mission-critical facility
• Absolute NNN lease structure with 2% annual escalations over 19-year term
• Highly stable free cash flow, secured by industry-leading tenant with 45-year operating history
• Accounts for 95% of company's annual taxidermy production and 90% of overall business
• Exceptional sponsorship from Levine Leichtman Capital Partners, a global private equity firm with experience investing over $10.2 billion of institutional capital