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Midwest Gas Holdings

Locations:

Hillside, IL

Palinfield, IL

Elkhorn, WI

Property Type: Commercial

Development:

Midwest Gas Holdings is a holding company comprised of three (3) single-tenant triple net (NNN) leased commercial real estate properties in the Chicagoland area. The leases are secured by AmeriGas (NYSE: APU), a solid credit quality tenant. These facilities service commercial businesses in and around Chicago and are also the refurbishment facilities for hundreds of retail locations in the Chicagoland area.

Key Attributes:

• High quality strategic locations to service the Chicagoland market not easily replicable
• High barrier to entry to create other locations due to infrastructure needs and associated permitting
• Leases secured by public multi-billion dollar solid credit quality tenant

Thesis:

Expand into long-term lease(s) retaining high quality credit tenant. Sell the assets based on the discounted cash flow stream at an attractive cap rate.

Status:

Active

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