1761 Us-271 Gladewater, TX 75647
- Industrial properties
- 14,500 SF
- 21.65 lot acres
Current Use by Public Records
- Industrial properties
Property Details for 1761 Us-271
- Year built
- 2015
- Lot size
- 21.65 lot acres
- Property size
- 14,500 SF
- Property type
- Industrial properties
- Property subtype
- Distribution centers
Description
This exceptional investment opportunity presents a 14,500-square-foot distribution center located at 1761 US-271, Gladewater, Texas, 75647. Situated on approximately 21.65 acres, this property boasts a long-term, absolute triple-net (NNN) lease with EquipmentShare, commencing September 30, 2021, and expiring September 29, 2036. The current lease has approximately 11.9 years remaining, offering significant stability for investors. The annual net operating income (NOI) is $202,357, resulting in a compelling 6.65% capitalization rate. The asking price is $3,042,962, translating to $209.86 per square foot. Built in 2015, this well-maintained facility benefits from built-in rental increases of 1.7% annually, commencing in year six. Furthermore, the lease includes two five-year tenant renewal options, potentially extending the lease term to a total of 25 years, providing long-term security and predictable income growth. This property represents a strong value-add opportunity in a stable market. The property is a single-tenant facility, minimizing management complexities. This is an ideal investment for those seeking a secure, high-yield, long-term net lease investment.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Gladewater
- County
- Gregg
- State
- Texas
- Longitude
- -94.9832
- Latitude
- 32.5186
