

Andrews Texas Warehouse
Billion dollar NYSE Tenant - Just renewed
Marketing description
Fantastic NNN leased building to a major player in the Oil & Gas industry. Since this is located in the popular Permian Basin, having such a solid tenant as Innovex speaks well to the long term success of this business. They even have some converted trailers for some of their employees from out-of-state. Tremendous cap rate at 10.48% for such a credit tenant.
This property totals 10,000 SF on 2 Acres. There is 2,000 SF of office space including three private offices, a break room, conference room, and a waiting area with built in secretarial desk. The 8,000 SF warehouse has 6 drive-in bays, (2) 500-pound jib cranes, locker room, shop fans, and shop heaters. There are utility connections for (2) 7-room camp trailers with separate septic. The property also has laundry facilities and a fuel dock. The yard is compacted rock, fully fenced, and fully lit with pole lights. There are two electric gates on Mustang Dr and another at the rear of the property for access to Sunset St. This makes it convenient for trucks to drive through the property. The property is in a great location for any type of service.
Investment highlights
- NYSE Traded $1B Tenant
- 10,000 sf total on a 2-acre lot
- 2,000 sf office/8,000 sf warehouse
- 3% Rent Bumps through Dec. 2028
- 8 Grade-Level Doors
- 6 Drive-In Bays w/14’ Electric
- Overhead Doors
- Yard Lighting and Fuel Dock
- (2) 500 lb Jib Cranes
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