- 12+ years remain on this lease with 1 (10-year) & 1 (5-year) option to extend, demonstrating their long-term commitment to the site
- The lease features 2.25% annual rental increases throughout the initial term and at the beginning of each option period, steadily increasing NOI and hedging against inflation
- Corporate signed lease by Hoffmaster Group, Inc., a disposable tabletop product company operating for 66+ years
- Wellspring Capital Management, LLC, a leading middle-market private equity firm acquired Hoffmaster group, Inc. in 2016
- In Q1 23 Hoffmaster acquired Paterson Paper, a leading U.S. manufacturer of premium and disposable tableware
- Hoffmaster has fully paid off existing debt and recapitalized with favorable terms
Investment Offering
Oshkosh, WI - Hoffmaster
2920 N. Main Street | Oshkosh, WI 54901
$36,837,000
Price6%
Cap Rate$2,210,200
NOI485,057
± SF Offering GLA41.92
± AC Land AreaDescription
Location
- Hoffmaster Group is located off Jackson Street averaging 15,500 vehicles passing by daily
- The asset is less than 3.5 miles from Interstate 41, a 176-mile North/South thoroughfare stretching from the Wisconsin-Illinois border to Green Bay
- The trade area is supported by surrounding industrial tenants such as Dr Pepper Snapple Group, Pro Ex Extrusion, The International Group, Parker Hannifin Service Center, and more
- Hoffmaster is highly regarded for its design and manufacturing capabilities, providing the Company with unique growth opportunities as retailers expand their seasonal and party/life celebration planograms, and as national restaurant and hospitality chains increasingly realize the branding and cost-in-use benefits of premium disposable tableware products
- The asset has excellent visibility and multiple points of ingress/egress
Documents & Links
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 Offering Memorandum |  |  |