Corsicana Small Bay
Industrial | 69,500 SqFt
Marketing description
Introducing Corsicana Small Bay in Corsicana, TX - a prime investment opportunity offering a 9.00% cap rate with a net operating income of $364,875. This strategically located property comprises 6.65 acres with 69,500 SF of leasable space, currently at full occupancy. With highway frontage on Interstate 45 connecting Dallas and Houston, the property boasts high visibility with over 140,000 vehicles passing by daily. Recent renovations- new roof in 2024. Ideal for owner-users or investors, the property's NNN lease with a tenant responsible for all costs provides ease of management. The tenant, specializing in sporting apparel, offers national reach and stability. Additionally, the property's versatile layout with 6 individual buildings presents the opportunity to convert to multi-tenant spaces for increased rental income potential. Don't miss out on this rare find in the bustling Texas Triangle region, perfect for those seeking a high-performing commercial investment.
Ideal Opportunity for Owner User or Investor – Tenant can Vacate or Sign Lease for 2 Years with 3% Rent Increase.
Investment highlights
Strategically Located within Texas Triangle – Over 23,000,000 People Reside in this Megaregion
• Highway Frontage – Located on Interstate 45 – Accessing Dallas and Houston
• Ideal Opportunity for Owner User or Investor – Tenant can Vacate or Sign Lease
• Ease of Management – Absolute NNN Lease with 100% Tenant Responsibility
• Highway Visibility – Over 140,000 Vehicles Per Day Pass Property
• Small Bay Business Park – 69,500ft of Flex Buildings Located on 6.65 Acres
• Versatile Property – 6 Individual Buildings – Converting to Multi-Tenant can Capture Higher Rents
• Recently Renovated Property – Roof Replaced in 2024
• National Reach - Tenant Manufactures and Supplies Sporting Apparel – Private Labels for Leading Industry Providers
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