Anixter | Midland, TX
Industrial
Anixter is a company based in Glenview, Illinois, United States that
was founded in 1957. The company supplies goods and services for
communications, security, networking, audio-visual, and industrial
control applications. Anixter is a Fortune 500 company (#359). On
January 13, 2020, Anixter agreed to be acquired by WESCO International
for $4.5B.
Prior to this transaction, Anixter had a Standard & Poor’s credit rating
of BB-. As of December 31, 2020, WESCO International had Revenues
of $12.3B and a Net worth of $3.3B.
INVESTMENT HIGHLIGHTS
❚ Long-term, highly passive NNN lease
❚ Brand new construction (2020)
❚ 2% annual rent increases
❚ Tenant paying market rent
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The information contained herein has been obtained from sources deemed reliable or implied, is made with respect to such information. Terms of sale or lease and availability are subject to change or withdrawal without notice.