Listed by Newman Kelly Real Estate Investment Services
$3,394,000
Freedom Gym | Single-Tenant NNN Investment
Details
Property Type Industrial
Sub Type Flex
Square Footage 9,902
Net Rentable (SqFt) 9,902
Cap Rate 7%
NOI $237,648
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 6
Lease Expiration 09/30/2030
Remaining Term 4.2
Rent Bumps No
Price per SqFt $343
Class A
Year Built 2025
Buildings 1
Stories 1
Investment Type Net Lease
Lease Commencement 10/16/2024
Occupancy Date 08/18/2025
Ground Lease No
Ownership Fee Simple
Single-Tenant NNN Flex Investment | 7.0% Cap | 9,902 SF | 2025 Construction
Investment highlights
Stabilized single-tenant NNN lease with Freedom Gym
7.0% cap rate with in-place NOI of $237,648
Newly constructed ±9,902 SF Class A flex building (2025 delivery)
Lease term through September 30, 2030
Tenant responsible for taxes, insurance, CAM, and management (NNN)
Free-standing building with multiple grade-level roll-up doors
Clear-span configuration supporting flexible future re-tenanting
Prominent frontage along N Loop 336 E (~12,000 VPD)
Located within Park 336 master-planned business park
Positioned in the rapidly growing North Houston / Montgomery County corridor
Listing Contacts
Listed by Newman Kelly Real Estate Investment Services
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$237,648.00
$19,804.00/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
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