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29708381
29708382

932 Brockman St, Clute, TX 77531

RD
CA 01438643
Marcus & Millichap - Orange County
CE
CA 01958307
Marcus & Millichap - Orange County
Listed by Marcus & Millichap - Orange County
$841,000
114 days on market
Updated 18 days ago

Rain For Rent | Single Tenant NNN Lease

Details
APN 8085-0001-000 & 2114-0332-000
Property Type Industrial
Sub Type Warehouse
Square Footage 5,750
Units 1
Cap Rate 7.85%
NOI $66,000
Occupancy 100%
Tenancy Single
Lease Type NNN
Price per SqFt $146
Lot Size (SqFt) 44,433

5-Year Lease with No Options to Renew | Highway 288 Location

Marketing description

Rain for Rent is a Highly Respected Industrial Tenant, Operating 65+ Locations Across North America

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

Situated at a Strategic Highway Junction Served by TX-332, TX-36, and the Nolan Ryan Expressway (Hwy 288), with Combined Traffic Counts Exceeding 69,000 Vehicles Per Day

Investment highlights

Strong Real Estate Fundamentals

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

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
$--
$--
Annual Cash Flow
$66,000.00
$5,500.00/mo

Valuation Metrics

0
DSCR
7.85%
Cap Rate
7.85%
ROI

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Additional Information

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