JLL is pleased to offer for sale the Novo Building Products Industrial Sale-Leaseback Facility (the “Property” or “Facility”) located in Bowerston, Ohio, located approximately 70 miles west of Pittsburgh and 95 miles south of Cleveland. The Property is occupied by L.J. Smith, Inc., a recently acquired brand of Novo Building Products (the “Tenant,” “Company” or “Novo”). The 195,977 square foot Facility will be secured by a long-term, 20-year absolute triple-net lease to Novo.
Novo is an industry leading manufacturer and distributor of mouldings and millwork, stair parts, doors, and specialty building products throughout North America.
This offering represents an exceptional opportunity to acquire a mission-critical asset that will be fully leased to an industry-leading Tenant on a long-term absolute triple-net basis.
- Strong Tenant Profile
- Mission-Critical Facility
- Strategic Location
- Excellent Sponsorship
- Absolute NNN Lease
- Free & Clear of Existing Debt