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29685047
29685048

1501 Yellowstone St, Freeport, TX 77541

RD
CA 01438643
Marcus & Millichap - Orange County
CE
CA 01958307
Marcus & Millichap - Orange County
Listed by Marcus & Millichap - Orange County
$1,400,000
118 days on market
Updated 21 days ago
Opportunity zone

ZACHRY | Single Tenant NNN Lease | Prime Gulf Coast Location

Details
Property Type Industrial
Sub Type Warehouse
Square Footage 6,000
Cap Rate 8.1%
NOI $113,465
Occupancy 100%
Tenancy Single
Brand/Tenant ZACHRY
Lease Type NNN
Lease Term 10
Lease Expiration 02/27/2029
Remaining Term 2.7
Rent Bumps No
Lease Options None
Price per SqFt $233
Broker Co-Op Yes
Year Built 2000
Lot Size (SqFt) 32,234
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 02/28/2019
Occupancy Date 02/28/2019

3 Years Remaining with No Options | Highway 288 Location

Marketing description

ZACHRY Group is a Highly Respected Industrial Tenant, Generating $5.4 Billion in Annual Revenue and Operating 400+ Locations Across North America

3-Year Lease with No Options to Renew – Allows for Value-Add Potential for Future Landlord to Negotiate New Lease with the Tenant

Located on the Nolan Ryan Expressway (Hwy 288), a Main Regional Connector Between Freeport, Coastal Communities, and the Greater Houston Area, with Traffic Counts Exceeding 26,000 Vehicles Per Day

Investment highlights

E-Commerce & Recession-Resilient: Tenant’s Business Model Is Well-Suited to Thrive in Various Economic Conditions

Located within 1-Mile 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 Air Liquide America, Phillips 66, Braskem, Among Others, All In Close Proximity To The Subject Property

Broker of Record: Tim Speck – License #9002994 – 5001 Spring Valley Road, Suite 1100W, Dallas, TX 75244

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
$113,465.00
$9,455.42/mo

Valuation Metrics

0
DSCR
8.1%
Cap Rate
8.1%
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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