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Investment Highlights

  • LIPPERT CREDIT COMMITMENT
  • SIGNIFICANT MARK-TO-MARKET
  • COMPELLING GOING-IN YIELD PROFILE
  • MISSION-CRITICAL INFRASTRUCTURE
  • PASSIVE NNN LEASE W/ ANNUAL RENTAL INCREASES
  • REGIONAL LOGISTICS & CONSTRAINED SUBMARKET

Executive Summary

The Lippert Components Manufacturing Campus offers investors the opportunity to acquire a 100% leased, 204,485-square-foot industrial facility in Brandon, South Dakota, immediately adjacent to the expanding Sioux Falls regional market. The property serves as a mission-critical manufacturing campus for Lippert Components, featuring specialized infrastructure and production lines that support the company’s commercial-grade truck accessory and towing-system brands. Lippert Components recently exercised a five-year renewal option at a substantial rent increase, reinforcing the tenant’s long-term commitment to the site and the asset’s highly sticky real estate profile. The tenancy is further supported by ultimate parent LCI Industries, Inc. (NYSE: LCII), an S&P BB-rated, publicly traded company with approximately $4.1 billion in annual revenue and a global footprint of more than 140 facilities.
This investment combines secure in-place cash flow, embedded growth, and future mark-to-market upside. The asset is fully leased through December 2030 and benefits from 3.5% annual rent escalations, creating compounding revenue growth and a built-in hedge against inflation. In addition, current contract rent remains approximately 22% below market, positioning investors for meaningful upside at lease rollover. Located less than half a mile from Interstate 90, the campus provides efficient access to major Midwestern distribution corridors while benefiting from South Dakota’s favorable business climate and regional manufacturing labor base. The result is a low-maintenance industrial asset backed by a scaled corporate tenant with durable operating relevance in the market.

Property Facts

Price $24,645,345 CAD
Price / SF $145.98 CAD / SF
Cap Rate 7.50%
Sale Type Investment NNN
Status Active
Number of Properties 3
Individually For Sale 0
Total Building Size 168,830 SF
Total Land Area 7.82 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
1200 E Birch St, Brandon, SD 57005 Industrial 132,498 SF 1984 -
909 N Splitrock Blvd, Brandon, SD 57005 Industrial 36,332 SF 2006 -
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  • Listing ID: 41322459

  • Date on Market: 2026-07-16

  • Last Updated:

  • Address: Lippert Components Manufacturing Campus, Brandon, SD

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