NNN Industrial Warehouse
For Sale
$1,050,000
7139 Old Hearne Rd, Hearne, TX 77859
Single-tenant 7,640 SF industrial warehouse offered with a 5-year NNN sale-leaseback structure.
Property Size7,640 SF
Price / SF$137.43
Days on Market94
Property Features for 7139 Old Hearne Rd
General Information
Standard status
Active
Size
7,640 SF
Property subtype
Single-Tenant Industrial
Additional Details
Cap Rate
5.7%
Amenities
Sale-leaseback Opportunity: 7,640 SF industrial warehouse with a creative 5-year NNN sale-leaseback with Crossroads Concrete Services.
Located 20 minutes outside Bryan, TX, within reach of the Bryan-College Station corridor and regional growth supported by Texas A&M University, infrastructure investment, and population growth.
Adjacent income-producing Manufactured Housing/RV Park available for acquisition creating opportunity that diversifies income between single-tenant NNN and multi-pad residential/RV revenue's.
Building Details
Building Size
7,640 SF
Year Built
2018
Tenancy
Single
Listing Agency:
Houston Office
Listed By:
Preston Williams · License #License(s): TX: 839673
(713) 452-4370
Source:
Marcusmillichap
Added: Jul 24
Changed: Oct 23
Last Checked: Oct 24 at 1:32PM
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 Houston Office
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Investment Insights
Based on property information with market context.
Marcus & Millichap presents a 5-year NNN sale-leaseback opportunity featuring a 7,640 SF industrial warehouse in Robertson County, Texas. The property is currently owned and operated by Crossroads Concrete Services under a single-tenant NNN arrangement.
The location is roughly 20 minutes outside Bryan, placing it within reach of the Bryan–College Station corridor. Additional flexibility is available through an income-producing Manufactured Housing/RV Park on the adjacent parcel, allowing for a potential two-asset acquisition under one ownership structure.
The location is roughly 20 minutes outside Bryan, placing it within reach of the Bryan–College Station corridor. Additional flexibility is available through an income-producing Manufactured Housing/RV Park on the adjacent parcel, allowing for a potential two-asset acquisition under one ownership structure.
Key Highlights
- 7,640 SF industrial warehouse in Robertson County, Texas, built in 2018.
- 5‑year NNN sale‑leaseback offered as a single‑tenant industrial investment.
- Tenant is Crossroads Concrete Services, currently owned and operated by the business at the property.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,291
Cap Rate
6.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,465,820
$1.5M
Cap Rate 7%
$1,047,014
$1.0M
Cap Rate 9%
$814,344
$814.3K
Market Conditions
NOI Build-Up for 7,640 SF
Gross rent
$140.3K $18.36/SF
− Vacancy
−$7.0K −$0.92/SF
EGI
$133.3K $17.44/SF
− OpEx
−$60.0K −$7.85/SF
NOI
$73.3K $9.59/SF
Area
Robertson County, TX
Vacancy
5.00%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,465,820
Cap Rate 7%
$1,047,014
Cap Rate 9%
$814,344
Alternative Uses
Best Use
Apartment 5plus
$1.05M
$916.1K – $1.22M
NOI $73,291 @ 7.0% cap · market cap 6.98%
Second Best
Warehouse
$794.9K
$695.5K – $927.4K
NOI $55,641 @ 7.0% cap · market cap 5.30%
Theoretical Best
Office A
$1.88M
$1.65M – $2.19M
NOI $131,689 @ 7.0% cap · market cap 12.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
13
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77859, TX
7,131
Population
3,361
Households
2.1
Avg Household Size
39
Median Age
14%
College-Educated
82%
High-School Grad
156.8 sq mi
ZIP Area
45
Density / Sq Mi
$52,214
Median Household Income
$28,060
Median Earnings
$651
Median Rent
$160,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Warehouse - Single-tenant 7,640 SF industrial warehouse offered with a 5-year NNN sale-leaseback structure.
Where is this warehouse located?
The property is located at 7139 Old Hearne Rd Hearne, TX.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: 7,640 SF industrial warehouse in Robertson County, Texas, built in 2018.; 5‑year NNN sale‑leaseback offered as a single‑tenant industrial investment.; Tenant is Crossroads Concrete Services, currently owned and operated by the business at the property.
