Wilbert Plastics Manufacturing Facility & Warehouse – Greenville MSA SC

Description

• Absolute net lease with no landlord responsibilities
• +/- 9 years of firm lease term remaining
• 2% annual rental rate escalations
• Long-term operating history with the Asset originally established in 1969 with Easley Custom Plastics as the Tenant. The business was acquired by Wilbert Plastics Services in 2011
• Tenant’s parent company was acquired by Berkshire Hathaway in October 2022
• Entity level financial reporting and strong unit level performance | Lease Guarantor Piedmont Manufacturing Group, LLC

• Berkshire Hathaway has credit ratings of S&P AA and Moody’s AA2
• Alleghany Corporation’s credit rating was reaffirmed AA by S&P in October 2022 and upgraded to A1
• Tenant is wholly owned subsidiary