Industrial Sale Leaseback

Beaumont–Port Arthur, TX MSA

Deal Type:

Sale Leaseback

Price:

$3,366,396

Cap Rate:

8.50%

Current Rent:

$286,144

Lease Type:

Triple Net

Lease Term:

20 years

Landlord Responsibilities:

None

Renewal Options:

Four, 5-Year or Two-10 Year

Building Sq. Ft.:

45,062 SF

Rent Increases:

2.5% Annual

Site Size:

8.14 Acres

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Investment Highlights

Long-term (20 year) absolute triple net lease with 2.5% annual rent increases
The tenant is the only tank repair company in the industry that handles everything from engineering and design to building and coating, offering a complete, streamlined experience for customers
Strong tenant financial profile and positive trends
Mission critical property responsible for 100% of company’s revenue
Situated between Houston, TX and Lafayette, LA directly off Highway 10
Capacity for future facility expansion
Significant investment into facility’s machinery and equipment

Listing Agents

Jeff Lizzo

Managing Director
630 222 8409
[email protected]

Daniel Macks

Managing Director
847 420 2116
[email protected]

Phil DiGennaro

Managing Director
203 610 1541
[email protected]

Texas Broker of Record: Kyler Bean, Lic. #646910

Due Diligence

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