Industrial & Logistics
Under Contract

Strauss Brands

Franklin, WI, US

Executive Summarydownload
Strauss Brands_Property for Sale

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Asset description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively present an outstanding opportunity for the sale leaseback of a mission critical industrial building (the “Property”) occupied by Strauss Brands, LLC. (the “Tenant” or the “Company”). Located in Franklin, WI, the Property totals 43,722 square feet. Founded in 1937, Strauss Brands proudly supplies the nation’s finest distributors, restaurants, universities / hospitals, retailers, and hotels with premium quality, ethically raised specialty meats. The Company’s services include harvest, further processing, wholesale and case-ready packaging, grinding, warehousing and distribution through our growing OTR

fleet to both foodservice, retail, and eCommerce channels. Strauss Brands has a diverse client base across the retail, foodservice and industrial sales channels with customers such as US Foods, Publix, HEB, Harris Teeter, Ruth’s Chris, Fogo de Chao, Texas de Brazil, and more. The Property serves as Strauss Brands primary processing & distribution facility, supporting the $160 million revenue business.

Strauss Brands is deeply committed to the facility, having occupied the Property since 1970.

Attributes

Building area gross
43,722 sf
Occupancy
100.00%
Year built
1971
Land area Gross
6.50 acres (283,140 sf)
Number of units
1 units

Investment highlights

  • Long-Term, Absolute Net Lease Structure
  • Existing Company Strength
  • Strategic Sales Initiative Driving Revenue Growth
  • Diversified Customer Base and Channel Mix
  • Strong Financial Performance
  • Committed Sponsor Backing
  • Lease Guaranteed by Strauss Brands
  • Strong EBITDAR Coverage

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Last updated
Nov 30, 2022