Property History
Please contact Joe Sparano for Inquiries about this property at (614) 360-9047
located at 6414 Wickum Rd in Williston, ND. Carbo Ceramics has 10 years remaining on an absolute NNN lease. The lease features no landlord responsibilities. There are two, five-year renewal options and 2% annual rental increases. The subject sits on 2.25 acres and the building includes three drive-thru loading bays, in-floor heating, floor drains and the ability to add office space with mezzanine above. All wet and dry utilities have been roughed in and the space is demisable to 4,000 SF. A Pilot Travel Center and Truck Stop is adjacent to the property featuring a full service gas station, convenience store, and Subway restaurant. Behind the travel center is the Cross Roads Corporate Housing complex with extended stay apartment suites. Each unit contains six bedrooms offering a convenient location for oil field workers and corporate employees to stay.
CARBO Ceramics, Inc. is an oilfield services technology company, which engages in the manufacturing and supplying of ceramic proppant and resin-coated sand. It operates through two segments: Oilfield & Industrial Technologies & Services; and Environmental Technologies & Services. The Oilfield & Industrial Technologies & Services segment manufactures and sells ceramic technology products and services, base ceramic proppant and frac sand for both the oilfield and industrial sectors. The Environmental Technologies & Services segment intends to protect operators assets, minimize environmental risks and lower lease operating expense. The company was founded in 1987 and is headquartered in Houston, TX.
FALCON TECHNOLOGIES, a subdivision of CARBO Ceramics, is an Oil & Gas environmental services business providing spill prevention and containment, and asset protection solutions to oil and gas operators. They produce a line of high-performance products featuring a unique and highly durable modified polyurea liner technology. Their proprietary liner technology is a spray-on polymer coating that provides a seamless, long-lasting, maintenance-free layer of protection for wellsites. It extends the life of assets and reduces maintenance and replacement costs.
- 10 Years Remaining on an Absolute NNN Lease
- 2% Annual Rental Increases
- Two, Five-Year Renewal Options
- No Landlord Responsibilities
- Three drive-thru loading bays
- In-floor heating, Floor Drains, Demisable, Three electrical panels
- Potential to easily add office space with mezzanine above
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