EquipmentShare
Gladewater, TX
Key Details
| Price: | $3,042,962 |
|---|---|
| Cap Rate: | 6.65% |
| Annual Rent: | $202,357 |
| Address: | 1761 U.S. 271, Gladewater, Texas 75647 |
| Property Type: | Industrial |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 15 Years |
|---|---|
| Lease Commencement: | 10/1/2021 |
| Lease Expiration: | 9/30/2036 |
| Lease Term Remaining: | 12 Years |
| Rental Increases: | 1.70% Annually Starting Year 6 |
| Lot Size: | 21.65 Acres |
| Building Size: | 14,500 SF |
| Year Built: | 2015 |
NNN Pro is pleased to present the exclusive listing for a EquipmentShare located at 1761 U.S. 271, Gladewater, Texas 75647. The site consists of roughly 14500 rentable square feet of building space on an estimated 21.65-acre parcel of land. This EquipmentShare is subject to a 15-year Triple Net (NNN) lease, which commenced 10/1/2021. The current annual rent is $202,357 and has scheduled increases of 1.70% Annually Starting Year 6.
About the Investment
- Long-Term, New 15-Year Absolute Triple Net (NNN) Lease
- Approximately 13.3 Years Remaining
- 1.7% Rental Increases Annually Commencing on Year 6
- Two (2), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 25 Years
Key Details
| Price: | $3,042,962 |
|---|---|
| Cap Rate: | 6.65% |
| Annual Rent: | $202,357 |
| Address: | 1761 U.S. 271, Gladewater, Texas 75647 |
| Property Type: | Industrial |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 15 Years |
|---|---|
| Lease Commencement: | 10/1/2021 |
| Lease Expiration: | 9/30/2036 |
| Lease Term Remaining: | 12 Years |
| Rental Increases: | 1.70% Annually Starting Year 6 |
| Lot Size: | 21.65 Acres |
| Building Size: | 14,500 SF |
| Year Built: | 2015 |
Talk to the Pros
Glen Kunofsky
gkunofsky@nnnpro.com
License: NY: 49KU1129178
Mark Masino
mmasino@nnnpro.com
License: NY: 10401324426
Madison O'Connor
moconnor@nnnpro.com
License: NY: 10401324427
Rocco Driscoll
rdriscoll@nnnpro.com
License: NY: 10401370484
Broker of Record
Brian Brockman
Bang Realty-Texas, Inc
License: 701472
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This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.