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400 N 72nd AveWausau, WI 54401
Polywood Fabrication
Asset ClassIndustrial
Lease-Term Remaining13.5 Years
Square Feet: 100,755Year Built: 2007Deal Size: $8.38 MAccess Data Room
Long Term Single Tenant NNN Lease
overview of deal

Overview

Colliers is pleased to present the opportunity to acquire the unencumbered, fee simple interest in Polywood Fabrication located in Wausau, Wisconsin. The subject property is a 100,755 square foot manufacturing and warehouse building constructed in 2007 with a 2021 expansion. Polywood utilizes the building for the construction, assembly and finishing of a variety of window shutter panels. The building features state-of-the-art equipment that was custom-made for the tenant to produce superior quality products, minimize waste and maximize efficiency. The tenant has 13.5 years of remaining lease term on their initial 15 year NNN lease plus one option to renew for an additional 10 years with 3% annual increases throughout the original and option terms.

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Investment Highlights

  • Long term NNN lease with 13.5 years remaining and 3.00% annual rent bumps
  • Parent company Sunburst was acquired in 2023 by leading custom window coverings company Springs Window Fashions, privately held by Clearlake Capital with $80 billion AUM
  • Polywood originally constructed the building in 2007 and completed a nearly $1 million expansion in 2021
  • Close proximity and easy access to I-39/Hwy 51/Hwy 29 interchange, providing direct access to Madison, Green Bay and Eau Claire
  • Facility serves as the primary manufacturing location for Sunburst
  • Well maintained building with heavy power, dust collection system, compressed airlines throughout
  • Limited landlord obligations with tenant responsible for majority of maintenance and repairs
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400 N 72nd AveWausau, WI 54401
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Listing provided by Revere CRE