Shearer's Foods 100 Lincoln Way E 40,136 SF Office Building Massillon, OH 44646 For Sale

The Ficke Team of Colliers is pleased to present to qualified investors the opportunity to acquire the Shearer’s Foods Headquarters located at 100 Lincoln Way E, Massillon, Ohio 44646. Built in 2002, this single-tenant, four-story office building is 100% leased to Shearer’s Foods and consists of 40,000 rentable square feet on 1.56 acres of land. The lease runs through September 30, 2032 with 2% annual escalations and two 5-year renewal options. Shearer’s Food is rated B/B2 by S&P and Moody’s, last confirmed in 2023 prior to Shearer’s acquisition by private equity firm Clayton, Dubilier & Rice in February 2024.
???????Property Condition & Improvements:
New HVAC: 4 – 25 ton units and 2 – 10 ton units ($140,000) in 2018
All new exterior awnings ($17,000) in 2021
New retaining wall on parking lot ($40,000) in 2021 
Building features a full fire sprinkler system, supporting tenant safety and risk mitigation
Shearer’s Foods is a leading contract manufacturer and private brand supplier for the snack industries in North America. Headquartered in Massillon, Ohio, Shearer’s has 17 state-of-the-art production facilities across Ohio, Texas, Arkansas, Minnesota, Iowa, Indiana, Pennsylvania, Virginia, Florida, and Arizona, as well as Ontario and Alberta, Canada — including one of the industry’s first platinum LEED® certified food manufacturing facilities in Massillon, Ohio. Shearer’s produces the highest quality conventional, organic, gluten free, non-GMO and kosher salty snacks in assorted flavors and sizes, including kettle-cooked potato chips, traditional potato chips, tortilla chips, popcorn, baked chips, cheese curls, and a variety of pellet based and extruded snacks — as well as a full line of national brand equivalent and value cookies, crackers and wafers.
 
Massillon is strategically located in Northeast Ohio close to Akron, Cleveland, Columbus, and Pittsburgh. The city has a skilled workforce and an excellent school system, and is minutes from Stark State College (10,300+ students) and Kent State University at Stark (3,500+ students). Massillon’s economy benefits from the many businesses that are either headquartered or have major operations in the city — including Shearer’s, Fresh Mark, Heinz, Case Farms, MCTV, ARE Accessories, Sterilite, RW Screw, Midwest Health, Progressive Auto Group, Crown Cork and Seal, E-Tank, Quest Specialty Chemicals, NFM, Campbell Oil, Greif Packaging, and Baker Hughes.