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29442848
29442849

2730 FM523, Freeport, TX 77541

RD
CA 01438643
Marcus & Millichap - Orange County
CE
CA 01958307
Marcus & Millichap - Orange County
Listed by Marcus & Millichap - Orange County
$2,816,000
131 days on market
Updated 31 days ago
Opportunity zone

Ferguson | Rare Gulf Coast Location | Single Tenant NNN

Details
Property Type Industrial
Sub Type Warehouse
Square Footage 22,000
Cap Rate 6.75%
NOI $190,080
Occupancy 100%
Tenancy Single
Brand/Tenant Ferguson, Ferguson Industrial
Lease Type NNN
Lease Term 9.2
Lease Expiration 02/27/2029
Remaining Term 2.7
Rent Bumps Yes
Lease Options Two, Three-Year @ CPI (Min. 5%)
Price per SqFt $128
Broker Co-Op Yes
Year Built 1980
Acreage 4.270
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 12/19/2019
Occupancy Date 12/19/2019

Strong Corporate Guarantee | Roof Replaced in 2025

Marketing description

Ferguson (NYSE: FERG): A Highly Reputable, BBB+ Rated Industrial Tenant With Over 1,750 Locations Across the U.S. and Canada

Mission-Critical Location: Ferguson Has Operated at This Site for Over 9 Years and Recently Committed to a 3-Year Lease Extension, Underscoring the Site's Importance

Large 4.3-Acre Lot Provides Ample Space for Highly Desirable Outdoor Storage

High Credit Tenant | Recent Improvements

  • New Roof: Roof Replaced in 2025

  • Strong Corporate Guarantee: Backed by a Tenant with Over $30 Billion in Annual Revenue

  • Market Leadership: Ferguson Is the Largest U.S. Distributor of Plumbing Supplies, PVF, Waterworks, and Fire and Fabrication Products

  • Publicly Traded: The Tenant Is Listed on the NYSE (FERG) with a Market Capitalization Exceeding $49 Billion

  • E-Commerce & Recession-Resilient: Ferguson's Business Model Is Well-Suited to Thrive in Various Economic Condition

Investment highlights

Strong Real Estate Fundamentals

  • Located within 2-Miles from Dow Chemical Company: Operating the Largest Integrated Chemical Manufacturing Plant in the United States

  • Deepwater Port: Located on the Gulf of America Provides Access for Large-Scale Industrial Operations and Shipping

  • Investor-Friendly: This NNN Industrial Property Offers Minimal Landlord Responsibilities, Making It Ideal for Out-Of-Market Investors

  • Prime Industrial Location: Situated In a Dense Industrial Area Surrounded by National Brands, Including Dollar General, FedEx, Chevron, Buc-ee’s, Air Liquide America, Praxair, Among Others, All In Close Proximity To The Subject Property

Listing Contacts

RD
CA 01438643
Marcus & Millichap - Orange County
CE
CA 01958307
Marcus & Millichap - Orange County
Listed by Marcus & Millichap - Orange County

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$190,080.00
$15,840.00/mo

Valuation Metrics

0
DSCR
6.75%
Cap Rate
6.75%
ROI

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Additional Information

Name
Tim Speck
License
TX 9002994
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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