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Single-Tenant Industrial

SiteOne – Brand New 10-Year Lease | Rare 2.5% Annual Increases

3008 E Interstate 30, Fate, TX 75087

Listing Price: $3,500,000

Cap Rate
5.25%
Gross SF
9,920
Price/Gross SF
$352.82
Lot Size
2.00 acres
Year Built
1994
Rentable SF
9,920

Investment Overview

-Industrial Property in Excellent Condition- -Large 2 Acre Lot Allowing for Expansion in the Future -Located on Interstate 30 with a Traffic Counts Exceeding 72,000 CPD, Which Provides for Great Exposure to the Marketplace -Interstate 30 Connects the Property to Dallas/Fort Worth and is Currently Undergoing a Major Highway Widening – Following Completion of the Project, I-30 Will Double in Size for a Total of 8 Lanes – For More Information, Please Visit: https://www.bgeinc.com/projects/i-30-dallas-and-rockwall-counties/ -Close Proximity to a Brand New Highway Intersection at Rochelle Road, Creating Easier Access to the Subject Property from Interstate 30 -Double Net Industrial Property – Minimal Landlord Responsibilities, Which is Ideal for an Investor not Local to the Market -Strong Corporate Guarantee- -Double Net Industrial Property – Minimal Landlord Responsibilities, Which is Ideal for an Investor not Local to the Market -Over 590 Locations in North America -SiteOne Landscape Supply is a Publicly Traded Company (NASDAQ: SITE) with Revenue in Excess of $3.5 Billion -Net Sales Increased Over 29% in 2021 from 2020 -Gross Profit Increased Over 35% in 2021 from 2020 -S&P Rating of BB Positive and Moody’s Rating of BA3 -Pride of Ownership Property in Dallas MSA- -Dense, Infill Area with Over 76,000 Residents within 5 Miles of the Subject Property -Affluent Area with an Average Household Income Over $135,000 within 5 Miles of the Subject Property -Rockwall County Ranks as One of the Primary U.S. Metro Counties with the Most Growth in New Housing Units, Having Grown 37% from 2010 to 2020 -Located in a Industrial Area with other National Brands such as Pratt Industries, Atosa USA, Sunbelt Rentals, Sara Lee, American Bobtail, and Many More within Close Proximity to the Subject Property

Investment Highlights

  • Brand New 10-Year Lease
  • Landlord and Tenant Performing Over $1,200,000 in Property Improvements – Please Contact Agent for More Details
  • Rare 2.5% Annual Increases

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Financing By

Single-Tenant Industrial

SiteOne – Brand New 10-Year Lease | Rare 2.5% Annual Increases

Listing Price: $3,500,000

Cap Rate
5.25%
Gross SF
9,920
Price/Gross SF
$352.82
Lot Size
2.00 acres
Year Built
1994
Rentable SF
9,920

Investment Highlights

  • Brand New 10-Year Lease
  • Landlord and Tenant Performing Over $1,200,000 in Property Improvements – Please Contact Agent for More Details
  • Rare 2.5% Annual Increases

Investment Overview

-Industrial Property in Excellent Condition- -Large 2 Acre Lot Allowing for Expansion in the Future -Located on Interstate 30 with a Traffic Counts Exceeding 72,000 CPD, Which Provides for Great Exposure to the Marketplace -Interstate 30 Connects the Property to Dallas/Fort Worth and is Currently Undergoing a Major Highway Widening – Following Completion of the Project, I-30 Will Double in Size for a Total of 8 Lanes – For More Information, Please Visit: https://www.bgeinc.com/projects/i-30-dallas-and-rockwall-counties/ -Close Proximity to a Brand New Highway Intersection at Rochelle Road, Creating Easier Access to the Subject Property from Interstate 30 -Double Net Industrial Property – Minimal Landlord Responsibilities, Which is Ideal for an Investor not Local to the Market -Strong Corporate Guarantee- -Double Net Industrial Property – Minimal Landlord Responsibilities, Which is Ideal for an Investor not Local to the Market -Over 590 Locations in North America -SiteOne Landscape Supply is a Publicly Traded Company (NASDAQ: SITE) with Revenue in Excess of $3.5 Billion -Net Sales Increased Over 29% in 2021 from 2020 -Gross Profit Increased Over 35% in 2021 from 2020 -S&P Rating of BB Positive and Moody’s Rating of BA3 -Pride of Ownership Property in Dallas MSA- -Dense, Infill Area with Over 76,000 Residents within 5 Miles of the Subject Property -Affluent Area with an Average Household Income Over $135,000 within 5 Miles of the Subject Property -Rockwall County Ranks as One of the Primary U.S. Metro Counties with the Most Growth in New Housing Units, Having Grown 37% from 2010 to 2020 -Located in a Industrial Area with other National Brands such as Pratt Industries, Atosa USA, Sunbelt Rentals, Sara Lee, American Bobtail, and Many More within Close Proximity to the Subject Property

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

Financing By

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