White Cap

Strong Corporate Guarantee: In February 2026, White Cap completed its acquisition of Colony Hardware, further expanding its national footprint. White Cap is a leading distributor of specialty construction supplies with 550+ locations, 11,000+ employees, and over 200,000 customers nationwide. The company’s scale, acquisition track record, and dominant market position provide a strong and reliable corporate guarantee.
Premier Southwest Michigan Industrial Corridor: Subject facility sits less than one mile from Kalamazoo/Battle Creek International Airport (AZO), providing immediate air freight and executive travel access – a major logistical advantage for industrial users. The asset is positioned within one of Southwest Michigan’s most established industrial corridors and in close proximity to Stryker Corporation Global Headquarters, Pfizer’s ±1,300-acre manufacturing campus, FedEx distribution operations, Summit Polymers, and Western Michigan University.
Functional Low Coverage IOS: With ±12,604 SF of improvements situated on ±2.12 acres, the property features a building coverage ratio of only 13.65%. The site offers a rare opportunity for expansion, additional yard, or future development in an established industrial corridor.
Industrial NNN Lease: Tenant pays for CAM, taxes, and insurance with minimal landlord responsibilities.
2% Annual Rent Increases: Lease includes 2% annual rent increases during the renewal options, offering investors consistent NOI growth and a strong hedge against inflation.

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Matt Fitzgerald