699 N Frankston Hwy, Frankston, TX 75763

Marcus & Millichap is pleased to present the opportunity to acquire Frankston Packaging Company, a single-tenant industrial manufacturing and distribution investment located at 699 N Frankston Hwy and 102 S Reagan St in Frankston, Texas. The offering consists of two co-terminous leased facilities totaling approximately 93,618 square feet, including Frankston 1 at 86,118 SF and Frankston 2 at 7,500 SF, situated on approximately 3.05 acres. The property is leased to Frankston Packaging Company, LLC on an NNN basis with corporate guarantee and approximately seven years remaining on the base term. The lease features 3% annual rent escalations through November 2032 and two 2-year renewal options, providing durable cash flow growth. Current NOI is approximately $238,810. The tenant is responsible for taxes, insurance, utilities, parking, HVAC, roof, and structure, creating a highly passive ownership profile. Frankston Packaging is a long-standing operator founded in 1957, with a diversified packaging platform that includes folding cartons, corrugated products, flexible packaging, and labels. The property serves as a mission-critical production and distribution facility within the company’s multi-plant footprint and benefits from its strategic East Texas location approximately 25 miles from Tyler and within reach of the broader Dallas-Fort Worth region.