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    215 Acc Rd Mount Vernon, TX 75457

    For Sale
    $4,200,000

    Prime NNN-leased warehouse; strong tenant.

    Property size:
    9,240 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional Class A industrial property in Mount Vernon, Texas, offers a compelling investment opportunity. The 9,240-square-foot distribution warehouse is 100% occupied by Frito-Lay/PepsiCo under a 20-year triple-net (NNN) lease commencing January 1, 2025, and expiring January 1, 2045. The lease includes a corporate guarantee and annual rent bumps of 1.5%, with an additional 5% increase at two 5-year option points. The property features seven dock-high doors and sits on a 2.01-acre lot (87,556 sq ft). The current Net Operating Income (NOI) is $252,000, with a pro-forma NOI of $269,709, resulting in a 6.00% cap rate and a pro-forma cap rate of 6.42%. Built in 2024, this single-story building offers excellent access to Interstate 30, providing efficient connectivity to regional markets. This investment presents a stable income stream with a creditworthy tenant and significant long-term growth potential. The property is categorized as Core+ Net Lease and is privately owned.

    Property Features for 215 Acc Rd

    General Information

    Property type
    Distribution properties
    Square Feet
    9,240 SF
    Class
    A

    Building Details

    Year Built
    2024
    Buildings
    1
    Stories
    1

    HighLights

    • $4,200,000 asking price for a Class A, 9,240 SF industrial distribution warehouse in Mount Vernon, TX.
    • New construction, delivering Q1 2025, with a 20‑year NNN lease to Frito‑Lay (PepsiCo subsidiary).
    • 6.00% cap rate, 6.42% pro‑forma cap rate, $252,000 NOI, $269,709 pro‑forma NOI.
    • Lease includes 1.5% annual rent increases and two 5‑year options with 5% rent bumps.
    • Excellent location near I‑30 with seven dock‑high doors and ample yard space.
    • Adjacent land parcels also available for purchase.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Map

    City
    Mount Vernon
    County
    Franklin
    State
    Texas
    Longitude
    -95.223381284453
    Latitude
    33.162791965014

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    FAQs

    What type of property is this?
    Distribution property - Prime NNN-leased warehouse; strong tenant.
    Where is this distribution property located?
    The property is located at 215 Acc Rd Mount Vernon, TX.
    What is the asking price?
    The asking price for this property is $4,200,000.
    What are key features of this property?
    This property features: $4,200,000 asking price for a Class A, 9,240 SF industrial distribution warehouse in Mount Vernon, TX.; New construction, delivering Q1 2025, with a 20-year NNN lease to Frito-Lay (PepsiCo subsidiary).; 6.00% cap rate, 6.42% pro-forma cap rate, $252,000 NOI, $269,709 pro-forma NOI.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    215 Acc Rd Mount Vernon, TX 75457
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