Description

JLL Industrial Capital Markets, serving as the exclusive advisor, is pleased to present the opportunity to acquire the fee-simple interest in Empower Brands Distribution Center (the “Property”) – a ±983,986 SF large-bulk distribution facility located in Redlands, CA, one of the top pockets within the broader Inland Empire and a proven location critical to global supply chains. The property is fully leased to Empower Brands, LLC. The lease is backed by a corporate guarantee from Spectrum Brands, Inc. (NYSE: SPB), a publicly traded company with a stable BB rating from Fitch, a market capitalization of $1.68 billion, and total revenue of $2.81 billion. The tenant has occupied the space since it was originally constructed in 2002 — a ±23-year operational commitment that underscores the Property’s strategic importance within their operations. With approximately 9.7 years of term remaining, the Property offers long-duration cash flow guaranteed by a public company, at an attractive going-in yield profile and an exceptional basis, in a location that is entirely land constrained prohibiting big-box development in the future.

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Attributes

Building area net

983,986 sf

Occupancy

100%

Clear height

32 ft

Year built

2002

WALT

9.7 years

Media

Investment highlights

The lease is guaranteed by Spectrum Brands, Inc (NYSE: SPB), a publicly-traded global consumer products company, offering institutional-quality credit enhancement and downside protection. In 2025, Spectrum Brands reported a total revenue of $2.81 billion, with a market capitalization of $1.68 billion, and a BB stable credit rating from Fitch. With ±$3.4 billion in total assets, Spectrum Brands, Inc is well positioned to support the lease agreement obligations throughout the term
Spectrum Brands (NYSE: SPB) is a leading global branded consumer products company with a portfolio of well-known brands including Black & Decker,
Remington, Russell Hobbs, & George Foreman, generating billions in annual revenue and operating across numerous countries worldwide
100% leased to Empower Brands, LLC, with 9.7 years of remaining term, offering investors a secure, long-term cash flow stream at market rates and an attractive going-in yield
Stable, predictable cash flow with >3.00% contractual rent bumps delivering compounded NOI growth and a reliable hedge against inflation over the hold period
Assembling a contiguous ±47-acre site to accommodate a ±984K SF facility along the I-10 corridor in Redlands is functionally impossible today, as available industrial land has been absorbed by existing institutional product over the last two decades