Hillenbrand Sale-Leaseback Portfolio_Property for Sale
Hillenbrand Sale-Leaseback Portfolio_Property for Sale
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Hillenbrand Sale-Leaseback Portfolio

Portfolio description

JLL is pleased to exclusively offer for sale the Hillenbrand Sale-Leaseback Portfolio, consisting of two industrial properties totaling 711,733 SF on 142.3 acres within the Cincinnati metropolitan area (the “Properties” or “Portfolio”). The Properties are located ±10 miles from each other and are 100% occupied by Milacron, LLC ("Milacron" or the "Tenant"), a global leader in the manufacture, distribution, and service of highly engineered equipment and solutions for the plastic technology processing industry. Hillenbrand, the parent company & guarantor, is a Fortune 1000 company that is publicly-traded on the New York Stock Exchange with credit ratings of Ba1 and BB+ by Moody’s and S&P, respectively.


At close, the seller will commit to a 20-year initial lease term and absolute triple-net master lease structure with annual rent escalations, creating an attractive passive income opportunity for single-tenant investors seeking growing, long-term cash flow backed by a creditworthy Guarantor.

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Attributes

Building area gross
711,733 sf
Occupancy
100%
WAULT
20 years
Hillenbrand Sale-Leaseback Portfolio (2 Properties)
Hillenbrand Sale-Leaseback Portfolio (2 Properties)

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Investment Highlights

  • Global, market-leading guarantor with ±$3 billion in annual revenues and credit ratings of Ba1 (Moody's) and BB+ (S&P)
  • Strengthened guarantor after making key acquisitions in higher-growth, less cyclical end markets
  • Hillenbrand's highly-engineered processing equipment and solutions serve a diverse range of blue-chip customers
  • Long-term, attractive absolute NNN lease structure with annual escalations
  • Strategically-located Properties within a Top 10 manufacturing state and within a day's drive of 54% of the U.S. population
  • Mission-critical Properties have been operated and well-maintained by Milacron since the 1970s
  • Nearly $7 million invested into the Properties since 2021 for various improvements, including renovations and lighting upgrades
  • The Portfolio accounts for ±35% of its segment's revenues (Molding Technology Solutions) and ±15% of the Guarantor's overall
Hillenbrand Sale-Leaseback Portfolio 4_Property for Sale
Hillenbrand Sale-Leaseback Portfolio 4_Property for Sale

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Last updated
20 Jun 2024