Single-Tenant Industrial Manufacturing
For Sale
Contact for pricing
699 N Frankston Hwy, Frankston, TX 75763
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 Market150
Property Features for 699 N Frankston Hwy
General Information
Standard status
Active
Size
86,118 SF
Class
C
Lot size
3.05 Acres
Property subtype
Industrial
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$238,810
Building Details
Year Built
1984
Buildings
2
Tenancy
Single
Listing Agency:
Marcus & Millichap - Las Vegas
Listed By:
Dustin Alvino · License #2294556
(702) 215-7100
Source:
Crexi
Added: Apr 9
Changed: Sep 4
Last Checked: Sep 4 at 9:32AM
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
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
95
Businesses Nearby
Explore this area
Business Placement
Demographics for 75763, TX
5,663
Population
2,958
Households
1.9
Avg Household Size
49
Median Age
22%
College-Educated
93%
High-School Grad
108.3 sq mi
ZIP Area
52
Density / Sq Mi
$62,522
Median Household Income
$39,621
Median Earnings
$1,043
Median Rent
$152,700
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
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
