Building Details

Tenancy Single

Listing Agency: Kirkpatrick Realty. Contact: k***@krtsold.com Show Phone

Listed By: Krayton Kirkpatrick · License #0621854

Source: Dallashomerealty

Added: Jun 25 Changed: Aug 8 Last Checked: Aug 24 at 7:26AM

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Investment Insights

Based on property information with market context.

This property is a 27,725-square-foot warehouse building with attached office area, supported by 3-phase electricity and multiple loading docks. It sits on 10 acres, with the current tenant utilizing the building and 3 acres of land. The offering allows for sale with the tenant in place, build-to-suit options, or purchase of vacant land.

The site is in a secluded location and is described as being in close proximity to the Brazos River. Access is noted as convenient via Interstate 20.

A 3-year lease is currently in place with 4% escalation per year through November 2027. The current lease rate is $16,172 per month. This configuration may appeal to tenants and operators looking for a warehouse facility with functional office space and dock access, while also providing flexibility for future land use through the additional acreage available on the site.

Key Highlights

• 27,725 SF warehouse on 10 acres with tenant in place, currently utilizing the building and 3 acres of land
• 3‑year lease in place through November 2027 with 4% annual escalation
• Current lease rate is $16,172 per month; reported 8% cap rate with escalation lease

Property Analytics

Property Profile

Current Use

Warehouses

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Restaurant Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%

Occupancy

Single-tenant

Tenancy

Turnkey business

Opportunity

Yes

Heavy power

Yes

Highway access

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

5

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 76066, TX

3,816

Population

1,977

Households

1.9

Avg Household Size

42

Median Age

34%

College-Educated

87%

High-School Grad

88.0 sq mi

ZIP Area

43

Density / Sq Mi

$102,931

Median Household Income

$55,859

Median Earnings

$834

Median Rent

$246,100

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Warehouse - 27,725 SF warehouse with office space, docks, and 3-phase power, with tenant in place and expandable land options.

Where is this warehouse located?

The property is located at 398 Meeks Bnd Millsap, TX.

What is the lease rate?

The lease rate is $2,898,000.

What are key features of this property?

This property features: 27,725 SF warehouse on 10 acres with tenant in place, currently utilizing the building and 3 acres of land; 3‑year lease in place through November 2027 with 4% annual escalation; Current lease rate is $16,172 per month; reported 8% cap rate with escalation lease