Single-Tenant Industrial Manufacturing
699 N Frankston Hwy Frankston, TX 75763
699 N Frankston Hwy, Frankston, TX, 75763
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For Sale
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Two co-terminous leased industrial buildings total approximately 93,618 square feet in Frankston, Texas on an NNN basis.
Property Size86,118 SF
Lot Size3.05 Acres
Price / SF$41.08
Days on Market104
Property Features for 699 N Frankston Hwy
General Information
- Standard status
- Active
- Size
- 86,118 SF
- Lot size
- 3.05 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1984
Listing agency
Marcus & Millichap - Las Vegas
(702) 215-7100
Listed by
Dustin Alvino · License #NV BS.0143692
Source
Crexi
Added: Apr 9 Updated: Jul 20 at 5:32PM Checked: Jul 21 at 4:45AM
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 Marcus & Millichap - Las Vegas
Investment Insights
Based on property information with market context.
Marcus & Millichap presents the opportunity to acquire Frankston Packaging Company, a single-tenant industrial manufacturing and distribution investment in Frankston, Texas. The offering includes two co-terminous leased facilities totaling approximately 93,618 square feet, comprised of Frankston 1 (86,118 SF) and Frankston 2 (7,500 SF), situated on approximately 3.05 acres.
The property is leased to Frankston Packaging Company, LLC on an NNN basis with a corporate guarantee and approximately seven years remaining on the base term. The lease includes 3% annual rent escalations through November 2032 and two 2-year renewal options.
Under the NNN structure, the tenant is responsible for taxes, insurance, utilities, parking, HVAC, roof, and structure. The facility is positioned as a mission-critical production and distribution location within the company’s multi-plant footprint.
The property is leased to Frankston Packaging Company, LLC on an NNN basis with a corporate guarantee and approximately seven years remaining on the base term. The lease includes 3% annual rent escalations through November 2032 and two 2-year renewal options.
Under the NNN structure, the tenant is responsible for taxes, insurance, utilities, parking, HVAC, roof, and structure. The facility is positioned as a mission-critical production and distribution location within the company’s multi-plant footprint.
Key Highlights
- Two co‑terminous leased industrial facilities totaling approx. 93,618 SF on approx. 3.05 acres at 699 N Frankston Hwy and 102 S Reagan St, Frankston, TX
- Single‑tenant NNN lease to Frankston Packaging Company, LLC with corporate guarantee and approx. seven years remaining on the base term
- 3% annual rent escalations through Nov 2032 plus two 2‑year renewal options
Property Analytics
Location Intelligence
Current Use by Public Records
Manufacturing properties
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FAQs
What type of property is this?
Manufacturing property - Two co-terminous leased industrial buildings total approximately 93,618 square feet in Frankston, Texas on an NNN basis.
Where is this manufacturing property located?
The property is located at 699 N Frankston Hwy Frankston, TX.
What is the asking price?
The asking price for this property is $3,537,933.
What are key features of this property?
This property features: Two co‑terminous leased industrial facilities totaling approx. 93,618 SF on approx. 3.05 acres at 699 N Frankston Hwy and 102 S Reagan St, Frankston, TX; Single‑tenant NNN lease to Frankston Packaging Company, LLC with corporate guarantee and approx. seven years remaining on the base term; 3% annual rent escalations through Nov 2032 plus two 2‑year renewal options
