Moon Valley Nurseries
Just Listed: Texas Moon Valley Nurseries | NNN Lease with 3% Annual Increases | Covered Land Play
Marketing description
CBRE's Houston Net Lease Property Group is pleased to exclusively offer for sale 3550 N Loop 1604 E ("the Property"), which is comprised an 4.84-acre nursery located in San Antonio, Texas, the state's third largest metropolitan area. The Property is 100% leased to Moon Valley Nurseries with approximately 7 years remaining on an Absolute NNN Lease which features 3% annual rent escalations throughout the initial term and in each of the two (2) 5-year renewal options, providing a long-term, passive investment with built-in inflation hedges.
Founded in Phoenix, Arizona in 1995, Moon Valley Nurseries is the largest fully-integrated nursery and box tree grower in the U.S., now operating 19 farms and 48 retail locations across Arizona, California, Nevada, Florida, Tennessee and Texas, with more than 5,000 acres of nursery property. The company continues aggressively expanding its national footprint with the goal of reaching $1B in revenue by 2029.
Investment highlights
- The Absolute NNN lease has seven (7) years of term remaining with two (2) 5-year renewal options. The lease also features a corporate guaranty from Moon Valley Nursery Intermediate Holdings, LLC and rare 3.0% annual rent increases throughout the initial term and during each option.
- Founded in Phoenix, Arizona in 1995, Moon Valley Nurseries is the largest fully-integrated nursery and box tree grower in the U.S., now operating 19 farms and 48 retail locations across Arizona, California, Nevada, Florida, Tennessee and Texas, with more than 5,000 acres of nursery property. As of December 31, 2022, the company reported annual sales in excess of $320 million.
- Located 20 minutes from Downtown San Antonio, the area within a 5-mile radius of Moon Valley is home to more than 215,000 residents, a 17.6% increase since 2010 and a 5.2% increase from 2020. Moreover, the city of San Antonio expanded by 23,900 residents from 2023 to 2024, making it the nation's fourth fastest-growing city by numerical population growth, according U.S. Census Bureau.
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