DURA Automotive Portfolio

Deal Type:
Sale Leaseback
Cap Rate:
Current Rent:
Lease Type:
Triple Net
Lease Term:
20 years
Landlord Responsibilities:
Renewal Options:
Four 5-Year Options at 2% Escalators Through Renewal Terms
Rent Increases:
2.0% Annual Rent Increases

Investment Highlights

  • 20-year, absolute triple net lease with 2% annual rent increases
  • Tenant is a leading global designer and manufacturer of automotive products with a long-term operating history of 106 years
  • Subject facilities are the future of the new DURA business; locations identified by the company’s footprint optimization initiative as long-term strategic and mission-critical to the business
  • New ownership by MiddleGround Capital, a leading sponsor and hands-on operator with a collective 200 years of automotive experience
  • DURA is MiddleGround Capital’s largest investment to date with $133 million of MiddleGround equity invested into the business
  • Sale leaseback proceeds will be used to fund remaining capital investments required for the Battery Tray program (Daimler contract with $1.7 billion Life of Program revenue)
  • Battery Tray product market is growing at a 35% CAGR; Battery Tray will transform the business under MiddleGround’s ownership to align DURA with secular growth trends in the automotive industry
  • Facility footprint creates significant barriers to entry; given the significant engineering requirements and custom, long lead time nature of the production equipment, it would take multiple years to recreate DURA’s manufacturing footprint
  • Robust site-level performance at subject properties and many millions of dollars invested by the Tenant in equipment and machinery at the properties

Listing Agents

Chelsea Mandel

Vice President
516 850 6962
Jeff Lizzo STREAM Capital Partners

Jeff Lizzo

Vice President
630 222 8409
Jonathan Wolfe STREAM Capital Partners

Jonathan Wolfe

Managing Principal
312 310 2798

Request Due Diligence Access

Please fill out and submit the form below to request access to due diligence for this property. If you agree with the terms of the NDA, please check the "Approve NDA" box and submit. By submitting this form, you agree to the Terms and Conditions of the Confidentiality Agreement.

If you would like to modify the NDA, please download the Word version, make your changes, and attach the revised version to the form or email it to Chelsea@stream-cp.com.

Once we receive your NDA, we will contact you with login information.

View/Download NDA in Word format

    I approve of the NDA

    If you have made changes to the Word version of the NDA, please attach it here

    This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

    View All Listings