April 2024

Recently Sold – Riddell Manufacturing and Distribution Facility

Football helmet in front of the Riddell building

Thomas Company is pleased to announce the successful sale of a mission-critical Riddell Sports Group manufacturing and distribution facility in North Ridgeville, OH (Cleveland MSA). This facility totals almost 350,000 square feet on 38 acres of land. The buyer assumed in place financing at an attractive interest rate with a maturity date in 2027. There is approximately 12 years remaining on this absolute triple net lease.

Key Highlights

  • Riddell is an industry leader in designing and manufacturing football equipment, protective sports equipment, and head impact monitoring technologies. This mission-critical site is the largest facility Riddell operates, and where all football helmets are made.
  • With 12 years of lease term remaining and an attractive assumable interest rate, this asset provided an excellent opportunity for the buyer looking for passive, cash-flowing investments.