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Jones Lang LaSalle (“JLL”), as exclusive representative, is pleased to offer for sale the fee-simple interest in RIDGID Tool Distribution Center, a 128,537 square foot distribution center located in a business park setting in Cambridge, Ohio (the “Asset” or the “Property”). The single-tenant asset is 100% leased to Ridge Tool Company, a fully owned subsidiary of Emerson Electric who also serves as the Guarantor to the Lease (S&P: "A" & NYSE: "EMR") through November 2024. Located on 16.59 acres, the class A industrial facility was constructed as a built-to-suit facility for the RIDGID Tool brand in 2005, offering modern features such as 30' clear, above market parking (0.99/1,000 SF), and a full concrete truck court.
Resilient Tenancy Backed by Investment-Grade Credit
Class A Institutional Quality Asset
Strong Tenant Commitment Projected for Growth
Access to Robust Transportation Infrastructure
Advantageous Lease that Limits Ownership Exposure