Overview
As the exclusive advisor for Ownership, the Chicago office of Colliers is pleased to present the opportunity to purchase the unencumbered, fee-simple interest in the Defender US Distribution Sale Leaseback Offering (the “Offering”) consisting of one highly functional industrial and showroom property in Waterford, Connecticut. The 121,551 square foot facility is currently owned and occupied by Defender Industries, an omni-channel retailer of boats, motors and marine parts.
As Fortnine/Defender continue to grow their brands in the US and Canada, ownership intends to sell and subsequently leaseback this mission-critical facility on a long term basis at market rates and escalations. This is an opportunity for investors to partner with one of the fastest growing PE-backed powersports & marine e-commerce retailers in North America at a compelling yield and cost basis.
Investment Highlights
Mission Critical Facility, Long Term Commitment
- 42 Great Neck Road represents Defenders only US outpost and serves as both a showroom, service center, and distribution facility and will offer long, bond-like returns from a well-positioned sponsor.
Private Equity Backing With Focus on Long Term Growth
- Originally acquired by a Canada-based private equity firm in 2020, FortNine has been a tremendous growth story over the last 10 years with over 26% in annual revenue growth. FortNine subsequently acquired Defender in 2021 to enter a new product vertical (marine) and bring its e-commerce expertise and best practices into the U.S. marine industry.
Absolute Net Market Lease With Compelling Yield
- Ownership is seeking to lease this mission critical facility back at market rent on a long-term (15 year) absolute net lease with market escalations.
Potential For Future Opportunities as Growth Plan is Executed
- As sponsorship continues to execute on a long-term growth strategy, the opportunity is potentially one of many as FortNine/Defender continue to expand their supply chain footprint across North America.
Photo Gallery
Sales Team
