Gladstone Commercial Announces Industrial Acquisition in Dallas/Fort Worth (D/FW) International Airport
Gladstone Commercial (Nasdaq:GOOD) has acquired a newly constructed 140,304 square-foot Class A USDA food processing facility near Dallas/Fort Worth International Airport for $44 million at an 8.44% weighted average GAAP capitalization rate.
The state-of-the-art facility features ammonia cold storage space, 40-foot clear heights, 15 dock doors, and a cross-dock configuration. The property is secured under an 11.3-year absolute NNN lease and is 100% leased to Three Sons Holding Inc., operating as American Meat Companies (AMC), a third-generation family-owned business established in 1975.
AMC specializes in producing high-quality steaks, hamburger patties, pork chops, poultry items, and custom-prepared products. The acquisition aligns with Gladstone Commercial's strategy of acquiring high-quality, mission-critical assets leased to creditworthy tenants in robust industrial markets.
Gladstone Commercial (Nasdaq:GOOD) ha acquisito una nuova struttura per la lavorazione degli alimenti di Classe A USDA di 140.304 piedi quadrati vicino all'aeroporto internazionale di Dallas/Fort Worth per 44 milioni di dollari con un tasso di capitalizzazione GAAP medio ponderato dell'8,44%.
La struttura all'avanguardia dispone di spazio per il freddo con ammoniaca, altezze libere di 40 piedi, 15 porte di carico e una configurazione cross-dock. La proprietà è protetta da un contratto di locazione assoluto NNN di 11,3 anni ed è interamente affittata a Three Sons Holding Inc., operante come American Meat Companies (AMC), un'azienda a conduzione familiare di terza generazione fondata nel 1975.
AMC è specializzata nella produzione di bistecche di alta qualità, hamburger, costolette di maiale, pollame e prodotti preparati su misura. L'acquisizione è in linea con la strategia di Gladstone Commercial di acquisire beni di alta qualità e di importanza missionaria affittati a inquilini solvibili in mercati industriali solidi.
Gladstone Commercial (Nasdaq:GOOD) ha adquirido una nueva instalación de procesamiento de alimentos de Clase A USDA de 140,304 pies cuadrados cerca del Aeropuerto Internacional de Dallas/Fort Worth por 44 millones de dólares con una tasa de capitalización GAAP promedio ponderada del 8.44%.
La instalación de última generación cuenta con espacio de almacenamiento en frío con amoníaco, alturas libres de 40 pies, 15 puertas de carga y una configuración cross-dock. La propiedad está asegurada bajo un contrato de arrendamiento absoluto NNN de 11.3 años y está 100% arrendada a Three Sons Holding Inc., que opera como American Meat Companies (AMC), un negocio familiar de tercera generación establecido en 1975.
AMC se especializa en la producción de cortes de carne de alta calidad, hamburguesas, chuletas de cerdo, productos avícolas y productos preparados a medida. La adquisición se alinea con la estrategia de Gladstone Commercial de adquirir activos de alta calidad y críticos para la misión arrendados a inquilinos solventes en mercados industriales robustos.
Gladstone Commercial (Nasdaq:GOOD)는 140,304 평방피트 규모의 A급 USDA 식품 가공 시설을 댈러스/포트워스 국제공항 근처에 4400만 달러에 인수하였으며, 가중 평균 GAAP 자본화율은 8.44%입니다.
최첨단 시설은 암모니아 냉장 저장 공간, 40피트 높이, 15개의 도크 문 및 크로스 도크 구성을 갖추고 있습니다. 이 자산은 11.3년의 절대 NNN 임대 계약으로 보장되며, 1975년에 설립된 3세대 가족 소유 기업인 Three Sons Holding Inc.에 100% 임대되어 있습니다.
AMC는 고품질 스테이크, 햄버거 패티, 돼지고기 갈비, 가금류 품목 및 맞춤형 제품 생산을 전문으로 합니다. 이번 인수는 신뢰할 수 있는 임차인에게 임대되는 고품질의 필수 자산을 인수하는 Gladstone Commercial의 전략과 일치합니다.
Gladstone Commercial (Nasdaq:GOOD) a acquis une nouvelle installation de transformation alimentaire de classe A USDA de 140 304 pieds carrés près de l'aéroport international de Dallas/Fort Worth pour 44 millions de dollars avec un taux de capitalisation GAAP moyen pondéré de 8,44%.
L'installation à la pointe de la technologie dispose d'un espace de stockage à froid à l'ammoniac, de hauteurs libres de 40 pieds, de 15 portes de quai et d'une configuration cross-dock. La propriété est sécurisée par un bail NNN absolu de 11,3 ans et est entièrement louée à Three Sons Holding Inc., opérant sous le nom d'American Meat Companies (AMC), une entreprise familiale de troisième génération fondée en 1975.
AMC se spécialise dans la production de steaks de haute qualité, de galettes de hamburger, de côtelettes de porc, de produits de volaille et de produits préparés sur mesure. L'acquisition s'inscrit dans la stratégie de Gladstone Commercial d'acquérir des actifs de haute qualité et critiques pour la mission, loués à des locataires solvables sur des marchés industriels solides.
Gladstone Commercial (Nasdaq:GOOD) hat eine neu gebaute 140.304 Quadratfuß große USDA Lebensmittelverarbeitungsanlage der Klasse A in der Nähe des Dallas/Fort Worth International Airport für 44 Millionen Dollar zu einem gewichteten durchschnittlichen GAAP-Kapitalisierungszinssatz von 8,44% erworben.
Die hochmoderne Anlage verfügt über Ammoniak-Kühlräume, eine lichte Höhe von 40 Fuß, 15 Docktore und eine Cross-Dock-Konfiguration. Die Immobilie ist durch einen 11,3-jährigen absoluten NNN-Mietvertrag gesichert und ist zu 100% an die Three Sons Holding Inc. vermietet, die als American Meat Companies (AMC) tätig ist, ein in dritter Generation geführtes Familienunternehmen, das 1975 gegründet wurde.
AMC ist auf die Herstellung von hochwertigen Steaks, Hamburger-Patties, Schweinekoteletts, Geflügelprodukten und maßgeschneiderten Produkten spezialisiert. Die Akquisition entspricht der Strategie von Gladstone Commercial, hochwertige, mission-kritische Vermögenswerte zu erwerben, die an kreditwürdige Mieter in robusten Industrien vermietet sind.
- Acquisition of Class A facility at attractive 8.44% cap rate
- Long-term 11.3-year triple net lease provides stable income
- 100% occupancy with established tenant (since 1975)
- Strategic location near Dallas/Fort Worth International Airport
- Mission-critical facility with modern specifications
- Significant capital investment of $44 million in single asset
- Concentration risk with single tenant exposure
Insights
Gladstone Commercial's
The absolute NNN lease structure provides maximum expense protection, with the tenant bearing responsibility for all operating costs, capital expenditures, and maintenance. This 11.3-year lease term offers exceptional cash flow visibility through 2036, supporting dividend stability.
This transaction appears immediately accretive given the current industrial market dynamics where cap rates have been compressed for years. The specialized cold storage infrastructure with ammonia systems adds a premium element to this asset, as such facilities typically command higher values due to construction complexity and specialized requirements.
From a portfolio diversification perspective, this food processing facility adds recession-resistant exposure, as demand for food products typically remains stable during economic downturns. The Dallas/Fort Worth airport location provides strategic transportation advantages for the tenant's distribution needs while positioning the asset in one of America's strongest industrial submarkets.
This acquisition demonstrates excellent real estate fundamentals with multiple value drivers. The 140,304 square-foot Class A facility features institutional-quality specifications with 40-foot clear heights (exceeding typical 32-36 foot standards), cross-dock configuration, and 15 dock doors—all premium attributes in industrial real estate.
The facility's USDA food processing designation adds substantial value, as these specialized buildings have high construction costs and supply. The extensive ammonia cold storage capability further differentiates this asset, as temperature-controlled facilities require significant capital investment and engineering expertise to develop.
The tenant's 50-year operating history suggests operational stability, while the mission-critical nature of this facility for their business indicates high renewal probability. The 11.3-year lease term provides exceptional duration in the industrial sector, where 5-7 year terms are more common.
The D/FW Airport location positions this asset in one of the nation's premier logistics hubs with exceptional multimodal transportation access. The specialized nature of the building creates high switching costs for the tenant, enhancing renewal probability while the purpose-built infrastructure creates a moat against competition. This acquisition represents a textbook example of the high-quality, mission-critical assets that command premium valuations in industrial portfolios.
MCLEAN, VA / ACCESS Newswire / March 31, 2025 / Gladstone Commercial Corporation (Nasdaq:GOOD) ("Gladstone Commercial") is pleased to announce the acquisition of a newly constructed, 140,304 square-foot, Class A USDA food processing facility. This state-of-the-art facility, purchased for
The property is
This acquisition aligns with Gladstone Commercial's growth strategy of acquiring high-quality, mission critical assets leased to creditworthy tenants in robust industrial markets. The property was marketed by Jonathan Bryan of CBRE National Partners.
Comments from Gladstone Commercial's Head of South-Central Region, Todd McDonald: "We are excited to add another functional, Class A building to our portfolio. We are also proud to add a high-quality tenant to our roster with a strong commitment to the building and a long-term net lease."
Comments from Gladstone Commercial's President, Buzz Cooper: "We continue to focus on industrial assets, adhering to a disciplined acquisition process. This acquisition, involving a high-quality food processing facility, reflects our commitment to securing mission-critical assets in strong markets. This purchase demonstrates our dedication to partnering with leading tenants in competitive markets, enhancing our long-term growth strategy."
About Gladstone Commercial (Nasdaq:GOOD)
Gladstone Commercial is a real estate investment trust focused on acquiring, owning and operating net leased industrial and office properties across the United States. As of December 31, 2024, Gladstone Commercial's real estate portfolio consisted of 135 properties located in 27 states, totaling approximately 16.9 million square feet. For additional information, please visit www.gladstonecommercial.com.
For Broker Submittals:
South Central: |
| Midwest/West |
Todd Alan McDonald |
| Ryan Carter |
Senior Vice President |
| Executive Vice President |
(703) 287-5895 |
| (571) 451-0019 |
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Southeast/Northeast |
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Nick Lindsay |
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Vice President |
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(703) 966-3864 |
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Investor or Media Inquiries:
Buzz Cooper |
| Catherine Gerkis |
President |
| Director of Investor Relations/ESG |
(703) 287-5815 |
| (703) 287-5846 |
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All statements contained in this press release, other than historical facts, may constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Forward-looking statements involve inherent risks and uncertainties as they relate to expectations, beliefs, projections, future plans and strategies, anticipated events, or trends concerning matters that are not historical facts and may ultimately prove to be incorrect or false. Forward-looking statements include information about possible or assumed future events, including, without limitation, those relating to the discussion and analysis of Gladstone Commercial's business, financial condition, results of operations, and our strategic plans and objectives. Words such as "may," "might," "believe," "will," "anticipate," "future," "could," "growth," "plan," "intend," "expect," "should," "would," "if," "seek," "possible," "potential," "likely" and variations of these words and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements contain these words. Forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties, and other factors that could cause actual results to differ materially from those included within or contemplated by such statements, including, but not limited to, the description of risks and uncertainties in "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" of the company's Annual Report on Form 10-K for the fiscal year ended December 31, 2024, as filed with the SEC on February 18, 2025, and certain other filings made with the SEC. Gladstone Commercial cautions readers not to place undue reliance on any such forward-looking statements which speak only as of the date made. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
For further information: Gladstone Commercial Corporation, (703) 287-5893
For Investor Relations inquiries related to any of the monthly dividend paying Gladstone funds, please visit www.gladstonecompanies.com.
SOURCE: Gladstone Commercial Corporation
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