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Global Vessel & Tank - 2 Unit Sale Leaseback 109 Kodak Blvd 46,340 SF Industrial Building Longview, TX 75602 $9,010,000 ($194.43/SF) 8% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute NNN Lease Structure - Tenant is responsible for Taxes, Insurance, and Common Area Maintenance (CAM).
- Newly Constructed Long-Term Lease - Tenant will commit to a brand new 15-20-year lease extension which will commence at the close of escrow.
- Longview, TX – Strong GDP Growth - #2 – Largest economy in East Texas as both Mining/Oil & Gas, and Manufacturing account for roughly 1/3 of $35B GDP.
- Property is being offered at an attractive 8% cap rate with potential for double digit cash on cash returns with current market financing.
- Hedged Credit Risk - Corporate Guarantee - The lease is corporately guaranteed by industry leader Global Vessel & Tank, Holdco, Inc. an ESOP Company.
EXECUTIVE SUMMARY
Industrial NNN Investment | Longview, TX
New 15–20-year absolute NNN lease with 2–3% annual increases to Global Vessel & Tank, a corporately guaranteed ESOP manufacturer. The 43,340 SF facility on 9.23 acres is a mission-critical asset. Offered at an 8.00% cap with $720,852 NOI, this is a rare opportunity to secure a passive industrial investment backed by a high-performing tenant in a key East Texas market.
New 15–20-year absolute NNN lease with 2–3% annual increases to Global Vessel & Tank, a corporately guaranteed ESOP manufacturer. The 43,340 SF facility on 9.23 acres is a mission-critical asset. Offered at an 8.00% cap with $720,852 NOI, this is a rare opportunity to secure a passive industrial investment backed by a high-performing tenant in a key East Texas market.
PROPERTY FACTS
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PROPERTY TAXES
| Parcel Number | 105535 | Improvements Assessment | $2,883,330 |
| Land Assessment | $92,300 | Total Assessment | $2,975,630 |
PROPERTY TAXES
Parcel Number
105535
Land Assessment
$92,300
Improvements Assessment
$2,883,330
Total Assessment
$2,975,630
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Global Vessel & Tank - 2 Unit Sale Leaseback | 109 Kodak Blvd
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