- STRONG NATIONAL TENANT – Founded in 1978, White Cap is a leading distributor of specialty construction and concrete products, operating ±500 locations across the U.S. and Canada. In 2020, White Cap merged with Construction Supply Group (CSG) in a transaction valued at approximately $4 billion. The deal included Clayton, Dubilier & Rice (CD&R) acquiring White Cap from HD Supply for $2.9 billion, while CSG was valued at roughly $1.1 billion. This strategic combination created one of the largest and most well-capitalized distributors in the construction supply industry. - LONG-TERM TENANT COMMITMENT / PASSIVE INDUSTRIAL NNN – White Cap has occupied this facility since 2000 and recently demonstrated its long-term commitment by renewing the lease for an additional five (5) years. The lease is structured as a passive industrial NNN, featuring 2% annual rent escalations as a built-in hedge against inflation. - RECENT CAPITAL IMPROVEMENTS – The property has undergone several upgrades in recent years, including new tenant signage, new gutters, and the installation of a new standing seam metal roof on the south building, backed by a 20-year warranty. These improvements enhance the asset’s functionality, curb appeal, and long-term durability. - STRATEGIC CHICAGO ADJACENT LOCATION – White Cap is strategically located ±3 miles from Chicago Rockford International Airport (RFD), a major cargo hub for UPS Airlines and Amazon Air. It also benefits from proximity to the Union Pacific Global III Intermodal Facility in Rochelle, approximately 30 miles south, providing seamless rail-to-truck freight access. The property features strong connectivity to major highways, including I-90, the longest interstate highway in the United States, stretching over 3,000 miles from Chicago, Illinois to Seattle, Washington. As a key transcontinental route, it connects major Midwest markets to the Pacific Northwest. Interstate 90 also provides a direct connection from Rockford to downtown Chicago and offers convenient access to Chicago O’Hare International Airport, just a 65-mile drive away.