Current Use by Public Records
- Industrial properties
Property Details for 5367 Hwy-97
- Year built
- 2018
- Lot size
- 1.00 lot acres
- Property type
- Industrial properties
- Property subtype
- Manufacturing properties
Description
Exceptional investment opportunity in Floresville, Texas! This single-tenant, net-lease industrial property boasts a fully executed 5-year lease commencing November 1, 2024, and expiring October 31, 2029, offering a remaining lease term of approximately 4.9 years. The 3,200 square foot Class B building, constructed in 2018, sits on a one-acre lot and features a combination of office and warehouse space, ideal for distribution, flex, or manufacturing uses. The property enjoys a 100% occupancy rate, generating a strong net operating income (NOI) of $60,000 annually, resulting in an attractive 8.63% capitalization rate. The asking price is $695,000, translating to $217.19 per square foot. Building features include a 19-foot ceiling height and two 14-foot grade-level overhead doors. The property is fully fenced with an electric gate, providing excellent security. Located at 5367 Hwy-97 E, Floresville, TX 78114, in Wilson County, this property benefits from easy access to San Antonio and other secondary markets, with a daily traffic count exceeding 4,800 vehicles. The property is zoned OCL (Outside of City Limits) and offers a secure, unrestricted yard. This is a turnkey investment with a strong tenant and excellent return.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Floresville
- County
- Wilson
- State
- Texas
- Longitude
- -98.0784
- Latitude
- 29.2103
