Investment Overview

This offering presents the opportunity to acquire a long term, passive industrial investment backed by Frankston Packaging Company, LLC, a multi-site packaging operator with more than 60 years of history and an established regional footprint. The asset consists of two industrial buildings totaling approximately 93,618 square feet that serve as a mission critical manufacturing, warehouse, and storage operation for the tenant’s folded paperboard production and distribution business. Investors benefit from a true NNN lease structure with the tenant responsible for taxes, insurance, utilities, HVAC, roof, and structure, creating durable cash flow with minimal landlord obligations. The current lease term extends through November 30, 2032, and includes 3% annual rent escalations, providing built in NOI growth and an attractive hedge against inflation. Beyond the strength of the lease, the investment is supported by the tenant’s specialized operating use, meaningful switching costs, and favorable packaging industry fundamentals. The Frankston facility is positioned as a key revenue contributing plant within the company’s four plant network and supports a diversified product mix across folding cartons, corrugated, flexible packaging, and labels for end markets including food, beverage, personal care, and specialty products. Purpose built industrial improvements, food contact quality standards, and the cost and complexity of relocating production all enhance renewal probability and long-term tenancy stability. In addition, paperboard and folding carton packaging continue to benefit from sustainability driven demand and the ongoing shift toward recyclable materials, supporting the long-term relevance of both the tenant and the underlying real estate.