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32452105
32452103

1321 NE 14th Ave, Perryton, TX 79070 For Sale

JD
TX 9004023
NRG Realty Group
NRG Realty Group
Listed by NRG Realty Group
$525,000
169 days on market
Updated 7 days ago

Stable Tenant 10% Cap Rate Investment

Details
Property Type Industrial
Sub Type Distribution, Warehouse
Square Footage 12,650
Cap Rate 12.61%
NOI $66,192
Tenancy Single
Lease Type NNN
Lease Term 5
Price per SqFt $42
Year Built 1980 2001 2003
Buildings 3
Acreage 6.290
Investment Type Sale/Leaseback
Ground Lease No

Stable Tenant 10% Cap Rate Investment

Marketing description

NRG Realty Group is pleased to present the opportunity to acquire a stabilized industrial investment through a sale-leaseback of 1321 NE 14th Ave in Perryton, Texas. The offering features a 12,650 SF mission-critical facility on 6.29 Acres leased to Q2 Artificial Lift Systems, a growing company serving the energy sector with specialized artificial lift solutions. The property is offered at an attractive 10% capitalization rate, providing investors with strong initial cash flow, predictable income growth, and minimal landlord responsibilities. As an owner-operator, the tenant has a vested interest in the long-term functionality and upkeep of the property, significantly reducing vacancy risk. This sale/leaseback opportunity features a new 5-year NNN lease with annual rent escalations. The lease commences with an initial monthly rent of $4,375 on a NNN basis and includes 3% annual rent escalations, offering built-in income growth and inflation protection throughout the primary lease term. The NNN structure places responsibility for taxes, insurance, and a significant amount of the maintenance on the tenant, allowing for truly passive ownership.

Investment highlights

5-year NNN Lease Term

3% annual escalations

$52,500 NOI

10% cap rate

Stable and reliable tenant

12,650 SF on 6.29 Acres

2,250 SF Office Building

2 Warehouse Buildings (4,000 SF & 6,000 SF)

4,000 SF Covered Shed (Not Included in Total SF)

Multiple Overhead Doors

3-Phase Power Accessible

Highway Frontage

Fully Fenced

Listing Contacts

JD
TX 9004023
NRG Realty Group
NRG Realty Group
Listed by NRG Realty Group

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$66,192.00
$5,516.00/mo

Valuation Metrics

0
DSCR
12.61%
Cap Rate
12.61%
ROI

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Additional Information

Name
Justin Dodd
License
9004023
Brokerage
NRG Realty Group, LLC
Title
President
Brokerage Address
6191 State Highway 161
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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