Property summary
This exceptional investment opportunity presents a single-tenant, Class B industrial property ideally situated in New Caney, Texas. The property encompasses a substantial 55,000 square feet on a 32-acre lot, including approximately 13 acres of heavily stabilized yard space. Built in 1985 and renovated in 2018, this one-story building boasts a 20-foot ceiling height, providing ample storage and operational space. The property benefits from 660 feet of frontage along FM 1485, offering excellent visibility and accessibility. Its strategic location provides convenient access to major transportation arteries, including the Grand Parkway 99 and Highway 59. The property features 3-phase heavy power and is situated in an opportunity zone. An absolute NNN lease is currently in place, extending through December 31, 2027, with a tenant boasting over 25 years in business. Seller financing is available, making this a compelling investment prospect with a strong 8.00% cap rate. The property is unrestricted, further enhancing its investment potential. This is a rare opportunity to acquire a well-located, income-producing industrial asset with significant upside.
Property profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
5 · New Caney, TXZoning
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Zoning designation
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