Corporate Lease to SC2 Services, Inc. – Strong Central Illinois Presence: 14 Locations, 1,722 Employees – Employee Owned Since 1988 – The property is leased to Superior Consolidated Industries dba SC2 Services, Inc. (“SC2”). Founded in 1983 and based in Peoria, Illinois, SC2 provides third party logistic services (3PL), filtration, warehousing, contract packaging, industrial finishing, kitting, sequencing, sub-assembly and manufacturing support to Tier 1 & Tier 2 Manufacturers and Original Equipment Manufacturers (OEMs). By coupling their industry-leading systems (Warehouse Management System (WMS), Quality Management System (QMS) and Safety Management System (SMS) with their experience, SC2 can maximize total customer satisfaction for its partners. SC2 employs over 1,700 personnel at 14 locations throughout Central Illinois and Texas.
30-Year Successful Operating History at Site – Absolute NNN Lease – Annual Rent Increases – There are 4+ years remaining on the lease from a Sale-Leaseback the tenant completed in 2018, which features 2% annual rent increases through the Primary term and (3) 5-year renewal options. The Absolute NNN lease requires the tenant pay for taxes, insurance, and the maintenance of the building. The landlord has minimal maintenance responsibilities on the asset, providing an investor with a true passive investment grade credit income stream.
Vital Facility for SC2 Operations – 100% of SC2’s Metal Fabrication Services at This Location – Proximity to Major Customers John Deere, Caterpillar – The property is utilized for several key services within the SC2’s array of supply chain services, including filtration sales, technical services, and contract packaging for a local automotive manufacturing company. The contract packaging business services postproduction service parts throughout the customer’s dealer network within the United States. SC2’s sole metal fabrication business is also conducted out of this facility offering laser, stamping, weld and powder coat paint services to its clients. Finally, this location provides outstanding access for the services provided by the tenant to major clients like Caterpillar, John Deer, and RIVIAN with expansive warehouse space, (2) oversized drive-in doors, and (10) dock high doors for loading.
Located Within One Mile of Hwy 150 Connector to Interstates 55/74 – Close Proximity to Central Illinois Regional Airport – Strategic Midwest Location – The property is situated only one mile from Hwy 150, a connector to Interstates 74/55, two major travel arteries carrying travelers to/from Chicago 135 miles northeast, St. Louis 163 miles to the southwest, and Indianapolis 178 to the southeast, and Peoria 36 miles northwest. Additionally, the site is situated just 8 miles the Central Illinois Regional Airport, one of the fastest growing airports in the nation.
Located in Normal, Part of the Bloomington-Normal Statistical Area (Pop: 189,000 People) – Growing & Vibrant Community – Home of Bridgestone-Firestone, State Farm Insurance, RIVIAN Automotive Company – The subject property is located in Normal, part of the Bloomington-Normal area, in the heart of central Illinois. The Bloomington–Normal (“BN”) metropolitan area is Illinois’ seventh most populous community outside the Chicago metropolitan area. The area is home of major employers including Bridgestone-Firestone Off Road Tires (55 years in Bloomington), State Farm Insurance, Ferrara Candy, and RIVIAN, a manufacturing & design company that builds adventure products as well as B2B products such as the Amazon last mile delivery vans.