Net-Leased Electrical Services
New
For Sale
$1,539,000
6 Skyline Dr, Terrell, TX 75160
The lease provides for annual rent increases and an extension option.
Property Size10,039 SF
Days on Market2
Property Features for 6 Skyline Dr
General Information
Standard status
Active
Size
10,039 SF
Property subtype
Industrial
Building Details
Building Size
10,039 SF
Year Built
1900
Tenancy
Single
Listing Agency:
SRS Real Estate Partners - Global Company
Listed By:
Jack Cornell · License #9518385-SA00
(570) 762-6075
Source:
Srsre
Added: Oct 20
Changed: Oct 21
Last Checked: Oct 21 at 2:03AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SRS Real Estate Partners - Global Company
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Investment Insights
Based on property information with market context.
The offering is a fee-simple interest in the land and building occupied by In Charge Electrical Services. The lease has more than 3 years remaining in its initial term, followed by one 5-year extension option.
Rent increases by 3.5% annually during the initial term and 4% annually during the option period. In Charge Electrical Services operates more than 19 locations across Texas, South Carolina, Arizona, and Florida.
Rent increases by 3.5% annually during the initial term and 4% annually during the option period. In Charge Electrical Services operates more than 19 locations across Texas, South Carolina, Arizona, and Florida.
Key Highlights
- Fee‑simple ownership includes the land and building
- More than 3 years remain on the initial lease term
- One 5‑year option to extend
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,810
Cap Rate
4.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,396,200
$1.4M
Cap Rate 7%
$997,286
$997.3K
Cap Rate 9%
$775,667
$775.7K
Market Conditions
NOI Build-Up for 10,039 SF
Gross rent
$90.4K $9.00/SF
− Vacancy
−$8.2K −$0.82/SF
EGI
$82.1K $8.18/SF
− OpEx
−$12.3K −$1.23/SF
NOI
$69.8K $6.95/SF
Area
Kaufman County, TX
Vacancy
9.10%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,396,200
Cap Rate 7%
$997,286
Cap Rate 9%
$775,667
Alternative Uses
Best Use
Warehouse
$997.3K
$872.6K – $1.16M
NOI $69,810 @ 7.0% cap · market cap 4.54%
Second Best
Industrial
$922.9K
$807.5K – $1.08M
NOI $64,603 @ 7.0% cap · market cap 4.20%
Theoretical Best
Multifamily LT 5
$126.35M
$110.55M – $147.40M
NOI $8,844,173 @ 7.0% cap · market cap 574.67%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
39
Businesses Nearby
Explore this area
Business Placement
Demographics for 75160, TX
26,632
Population
8,895
Households
3
Avg Household Size
38
Median Age
20%
College-Educated
82%
High-School Grad
118.2 sq mi
ZIP Area
225
Density / Sq Mi
$70,862
Median Household Income
$38,493
Median Earnings
$1,177
Median Rent
$221,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
NNN property - The lease provides for annual rent increases and an extension option.
Where is this nnn property located?
The property is located at 6 Skyline Dr Terrell, TX.
What is the asking price?
The asking price for this property is $1,539,000.
What are key features of this property?
This property features: Fee‑simple ownership includes the land and building; More than 3 years remain on the initial lease term; One 5‑year option to extend
