Progressive Converting, Inc.

2430 - 2441 E. Glendale Avenue - Appleton WI 54911

LTV (Loan to Value)	65.00%	Current NOI	$1,875,304.00
Interest Rate	4.250%	Capital Rate	7.000%
Fixed Term	10 Years	Land Area	+/- 24.64 Acres
Amortization	25 Years	Lease Type	NNN (absolute)
Loan Amount	$17,413,500.00	Property Type	Industrial
Payment	$94,335.56	Property Lease	Warehouse
Bulding Size	0 SF	Remaining Terms	Fifteen (15) Years

Location Description

NNN Lenders is pleased to exclusively offer the opportunity to purchase a portfolio of three industrial properties leased to a “Best-in-Class” paper converting company headquartered in Appleton, WI. The Portfolio features a brand new 15 year absolute NNN primary lease term with 2% annual rent increases signed at closing. There are no Landlord maintenance obligations whatsoever.

Highlights

15 Year Primary Term – The lease will feature a brand new 15 year base term.Absolute NNN Lease – There…

Property Description

Appleton is a city in Outagamie, Calumet, and Winnebago counties in the north central part of Wisconsin. The largest of the “Fox Cities”, it is situated on the Fox River, 30 miles southwest of Green Bay and 100 miles north of Milwaukee. Appleton is the county seat of Outagamie County with a population of 72,623 as of the 2010 census. Appleton is the primary city of the Fox Cities Metropolitan Statistical Area, which had a population of 392,660 as of the 2010 census. The Appleton economy is anchored by Paper, Metals- Machinery, and Financial Services industries. In fact, the Fox River Valley is home to the highest concentration of paper-making facilities in the world with 80 paper manufacturing facilities and 90 publishing companies. This accounts for more than 10 percent of the area's total employment and one-third of all manufacturing employment. Of nearly as great importance is the metals-machinery industry, which produces welders, fire and utility trucks, crushing and screening equipment, farm machinery, and iron and brass castings. The local economy is diversifying with six insurance companies now headquartered in the Fox Valley, as well as a growing network of thriving financial institutions.