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Single-tenant net leased asset being offered with lease expiring in August of 2028 on an approximate 7.5% cap. Tenant has one 5-year renewal option. 3% per annum escalations on lease. Tenant is an oil and gas related operation. Property is comprised of a main office-warehouse building with approximately 35% office finish-out, 7 grade doors ranging from 10' to 16' tall, one attached wash bay, and one mezzanine storage that could be converted to additional office space. The main building has 18' clear heights. The second building is a storage warehouse with equipment shed and it has two grade level doors (12' tall). The third building is a shop building with three grade level doors (12' tall) and restroom. There is one on-site fuel canopy with fuel and well house, two septic systems, and one well. The property has a large fenced-in yard area with highway frontage along SH-51 positioned between Weatherford and Springtown.
| LAST UPDATED | 4/26/2024 | TRACT | None |
|---|---|---|---|
| YEAR BUILT | 2009 | COUNTY | Parker |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| BUYER'S BROKERAGE COMPENSATION | 2.5 |
| CONSTRUCTION | Metal Siding |
| HEAT | Central |
| LOT | 4.705 acre(s) |
| PARKING | Gated, Gravel |
| SEWER | Septic Tank |
| STORIES | 2 |
| SUBDIVISION | None |
| TAXES | 19890 |
| UTILITIES | Electricity Connected |
| WATER | Private, Well |
| ZONING | None |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Kali Jones, Cultivate Real Estate
You may not reproduce or redistribute this data, it is for viewing purposes only. This data is deemed reliable, but is not guaranteed accurate by the MLS or NTREIS.This data was last updated on: 5/14/24 2:04 AM PDT
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