CMC Metals

Long Term Absolute Net Lease: A new 10 year lease will commence in approximately June of 2022. The lease is absolute net, no landlord responsibilities whatsoever.

Corporate Guaranty: CMC is the United States’ largest manufacturer of steel reinforcing bar and is a global leader in concrete reinforcement. CMC reports Q2 FY22 earnings of $188M and Core EBITDA of $323M. Earnings are up 373% from the same time as the previous year. Annual Revenue stands at approximately $5.476 billion.

Great Hedge Against Inflation: 2% annual rent increases throughout the first 5 years of the main term, 3% annual increases throughout the last 5 years of the main term and 3% annual increases included in the two, 10 year options to extend.

Strong Financials: Part of the S&P 400, CMC’s market Cap is $2.6 trillion as of December 31, 2021

International Brand: Commercial Metals Company (CMC) is headquartered in Irving, TX but has locations across the United States, Europe and Asia.

Close Proximity to Reno, NV: Property is located approximately 20 miles from Reno’s core and is within the Reno/Sparks Metropolitan area with a population of nearly 500,000 and a workforce of more than 250,000 people.

Strategic Location: Located within the Tahoe Reno Industrial Center, the largest of its kind in the United States sitting at 107,000 acres, with prominent corporate distribution centers for Tesla, Walmart, Home Depot, Google, Switch, Apple, FedEx, BlockChains and more. The Industrial Center is equipped with 5 power plants on site producing more than 900 megawatts.

Well Positioned with Easy Access: Property is located just east of USA Parkway which leads to Interstate 80 and the Union Pacific Intercontinental Rail Line only a 5 minute drive to the north. Interstate 80 runs east and west 2,900 miles from San Francisco, CA on the west coast to New York City on the east coast. It is the central logistics corridor to and from the east coast.