Manufacturing Essential Asset II, DST

308 Church St., Honea Path, SC 29654

Single Tenant, Absolute NNN Lease
96,000 +/- square feet of space
Industrial (chemical manufacturing)
Tenant – US Medical Glove Company, LLC

About the tenant | The Martin-Brower Company, LLC (Martin-Brower)

Medline Industries, Inc., sold its 96,000 sq. ft. industrial facility to US Medical Nitrile and Polyisoprene Chemical Company in August 2024. This facility is unique in the United States as the only chemical manufacturing plant capable of producing polyisoprene, a key component in latex free surgical gloves. USMG executed a sale-leaseback on the property to the DST but has retained ownership of the state-of-the-art equipment used to produce polyisoprene and retained some key employees to continue business operations. The product will now be shipped to USMG’s manufacturing operation in Harvard, IL, to produce surgical gloves.

Located in the Greenville, SC, Metropolitan Statistical Area (MSA), this facility enables USMG to be the only U.S. glove manufacturer producing its own chemicals domestically. With interest and support from both the Department of Defense and Health and Human Services, USMG is positioned to be the United States largest manufacturer of nitrile and other non-latex surgical gloves.

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1031 Risk Disclosure:

There is no guarantee that any strategy will be successful or achieve investment objectives;
Potential for property value loss – All real estate investments have the potential to lose value during the life of the investments;
Change of tax status – The income stream and depreciation schedule for any investment property may affect the property owner’s income bracket and/or tax status. An unfavorable tax ruling may cancel deferral of capital gains and result in immediate tax liabilities;
Potential for foreclosure – All financed real estate investments have potential for foreclosure;
Illiquidity – Because 1031 exchanges are commonly offered through private placement offerings and are illiquid securities. There is no secondary market for these investments.
Reduction or Elimination of Monthly Cash Flow Distributions – Like any investment in real estate, if a property unexpectedly loses tenants or sustains substantial damage, there is potential for suspension of cash flow distributions;
Impact of fees/expenses – Costs associated with the transaction may impact investors’ returns and may outweigh the tax benefits