Investment Overview

Marcus & Millichap is pleased to exclusively offer BioLife with 14 years remaining on a triple-net lease guaranteed by Takeda Pharmaceuticals U.S.A., Inc. Takeda is an investment grade tenant with a BBB+ credit rating, has been in the business for 242 years, and had a revenue of $28.92 billion in 2022. The lease offers 1% rental increases throughout the term and 4, 5-year options. The real estate was recently updated and is ideally positioned. A new roof was installed in 2018 and in 2022 a brand new parking lot was installed with ample parking. The property offers three points of ingress/egress from East Central Texas Expressway and Knights Way with a combined 24,892 vehicles passing per day, as well as an additional 53,619 vehicles that pass on U.S> Highway 190, directly in front of West Central Texas Expressway. Located in an income tax-free state in an area with massive population growth; 147,219 people live within five miles of the subject property, with a 15.4% increase since 2010 and expected to grow by 6.4% by 2027.