Overview
Avison Young is pleased to present EXO-S Portfolio, a sale-leaseback opportunity involving EXO-S Inc., a leading North American designer, engineer, and manufacturer of functional plastic systems serving the automotive, medical, and industrial sectors. Headquartered in Québec, the Company supplies major original equipment manufacturers (OEMs) and industry leaders including General Motors, Stellantis, Honda, Zimmer Biomet, and others through its strategically positioned manufacturing network across North America.
The Portfolio consists of three mission-critical manufacturing facilities with approximately 370,929 square feet of industrial space situated on approximately 14.7 acres of land. The portfolio is well balanced with 179,367 square feet in Canada and 191,562 square feet in the USA. Each building will be secured by a new Long-Term Absolute Triple Net Master Lease featuring annual rent escalations.
Investment Highlights
- Long-Term Absolute NNN Master Lease - A new 15-year absolute triple-net master lease with fixed annual escalations and renewal options. The tenant assumes all responsibility for taxes, insurance, operating expenses, maintenance, repairs, replacements, and capital expenditures - delivering a long-term, passive income stream with minimal management responsibility.
- Leading Player in a Large and Growing Market - A top-tier North American manufacturer serving large end markets, with leading positions in its core products, a powertrain-agnostic platform spanning ICE, hybrid, and EV programs, and deliberate expansion into a higher-margin, growing adjacency.
- Resilient and Creditworthy Financial Profile - A profitable, vertically integrated operator with healthy margins, a recently delevered balance sheet, a natural hedge on input costs, and a deeply entrenched, long-tenured customer base - a stable credit story standing behind the lease.
- Mission-Critical Facilities of Strategic Importance - Purpose-built plants that anchor a meaningful share of the tenant's North American manufacturing footprint, housing specialized, capital-intensive infrastructure (high-tonnage presses, automated cells, and clean-room environments) that makes relocation cost-prohibitive and reinforces long-term occupancy.
