Building Details

Tenancy Single

Listing Agency: Fortis Net Lease

Listed By: Robert Bender · License #MI 6501323470 Show Phone

Source: Crexi

Added: Apr 11 Changed: Sep 3 Last Checked: Sep 3 at 8:23AM

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Investment Insights

Based on property information with market context.

Fortis Net Lease presents the sale-leaseback of Kecy Metal Technologies, a manufacturing facility located at 447 E. Walnut St. in Wauseon, Ohio. The offering includes an 87,135-square-foot manufacturing building situated on 9.1 acres. A new corporate guaranteed absolute NNN lease will commence at closing with zero landlord responsibilities, along with four, five-year renewal options.

The property is approximately two and one half miles from Interstate 90, also known as the Ohio Turnpike.

Rental payments include 2% annual rent increases, including during the option periods. Fidelis Holdings LLC is identified as the corporate guarantor in the lease structure described in the materials.

Key Highlights

• 87,135 SF manufacturing facility on 9.1 acres at 447 E. Walnut St., Wauseon, Ohio
• New corporate guaranteed absolute NNN lease (Fidelis Holdings LLC) begins at closing with zero landlord responsibilities
• Lease includes four 5‑year renewal options

Property Analytics

Property Profile

Current Use

GFFC Holdings, LLC Industrial Manufacturer Kecy Industrial Manufacturer Nebraska Industries Corporation Industrial Manufacturer

Suggested Use

Top Pick Real Estate Agency Law Firm Bakery Furniture & Home Goods (Bike/Boat/Book/etc) Store Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant

Tenancy

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

438

Businesses Nearby

Explore this area Business Placement

Demographics for 43567, OH

13,240

Population

5,179

Households

2.6

Avg Household Size

41

Median Age

19%

College-Educated

94%

High-School Grad

114.3 sq mi

ZIP Area

116

Density / Sq Mi

$74,404

Median Household Income

$44,960

Median Earnings

$816

Median Rent

$172,600

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

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What type of property is this? Where is this manufacturing properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Manufacturing property - Manufacturing facility for sale with a new absolute NNN lease set to begin at closing.

Where is this manufacturing property located?

The property is located at 447 E Walnut St Wauseon, OH.

What are key features of this property?

This property features: 87,135 SF manufacturing facility on 9.1 acres at 447 E. Walnut St., Wauseon, Ohio; New corporate guaranteed absolute NNN lease (Fidelis Holdings LLC) begins at closing with zero landlord responsibilities; Lease includes four 5‑year renewal options