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Sunstate Equipment | 10 Yr Absolute NNN 16450 US Highway 380 W 9,258 SF Industrial Building Krum, TX 76249 $3,640,000 ($393.17/SF) 6.25% Cap Rate
INVESTMENT HIGHLIGHTS
- • Sale-Leaseback with Sunstate Equipment Co., Inc - Top 10 Equipment Rental Company in the U.S.
- • Wholly Owned Subsidiary of Sumitomo Corporation - $35.5 Billion Market Cap | Publicly Traded TYO: 8053
- • 4.00 Acre Site with Industrial Outdoor Storage (IOS) - 390’ of Frontage on Highway 380 with 15,655 Vehicles Per Day
- • 10-Year Absolute NNN Lease | 2.5% Rent Bumps - Zero LL Responsibilities | Three Five-Year Options
- • Recent Acquisition of Equipment Rental Company - Press Release: AJ Rentals | Eight Years of Operating History
- • Close Proximity to Dallas and Fort Worth, Texas - 4 th Largest Metro in the U.S. | $744+ Billion Dollar GDP
EXECUTIVE SUMMARY
• Sale-Leaseback with Sunstate Equipment Co., Inc
- Top 10 Equipment Rental Company in the U.S.
• 10-Year Absolute NNN Lease | 2.5% Rent Bumps
- Zero LL Responsibilities | Three Five-Year Options
• Wholly Owned Subsidiary of Sumitomo Corporation
- $35.5 Billion Market Cap | Publicly Traded TYO: 8053
• Recent Acquisition of Equipment Rental Company
- Press Release: AJ Rentals | Eight Years of Operating History
• 4.00 Acre Site with Industrial Outdoor Storage (IOS)
- 390’ of Frontage on Highway 380 with 15,655 Vehicles Per Day
• Close Proximity to Dallas and Fort Worth, Texas
- 4th Largest Metro in the U.S. | $744+ Billion Dollar GDP
• Convenient Access to Major Thoroughfares
- Less than Six Minute Drive to I-35 On Ramps
• Strong Population Growth in Denton County
- Over 57% Increase in the Past 15 Years
- Top 10 Equipment Rental Company in the U.S.
• 10-Year Absolute NNN Lease | 2.5% Rent Bumps
- Zero LL Responsibilities | Three Five-Year Options
• Wholly Owned Subsidiary of Sumitomo Corporation
- $35.5 Billion Market Cap | Publicly Traded TYO: 8053
• Recent Acquisition of Equipment Rental Company
- Press Release: AJ Rentals | Eight Years of Operating History
• 4.00 Acre Site with Industrial Outdoor Storage (IOS)
- 390’ of Frontage on Highway 380 with 15,655 Vehicles Per Day
• Close Proximity to Dallas and Fort Worth, Texas
- 4th Largest Metro in the U.S. | $744+ Billion Dollar GDP
• Convenient Access to Major Thoroughfares
- Less than Six Minute Drive to I-35 On Ramps
• Strong Population Growth in Denton County
- Over 57% Increase in the Past 15 Years
DATA ROOM Click Here to Access
PROPERTY FACTS
| Price | $3,640,000 | Lot Size | 4.00 AC |
| Price Per SF | $393.17 | Rentable Building Area | 9,258 SF |
| Sale Type | Investment NNN | No. Stories | 1 |
| Cap Rate | 6.25% | Year Built | 2024 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | No. Drive In / Grade-Level Doors | 2 |
| Building Class | C | ||
| Zoning | C - Commercial | ||
| Price | $3,640,000 |
| Price Per SF | $393.17 |
| Sale Type | Investment NNN |
| Cap Rate | 6.25% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 4.00 AC |
| Rentable Building Area | 9,258 SF |
| No. Stories | 1 |
| Year Built | 2024 |
| Tenancy | Single |
| No. Drive In / Grade-Level Doors | 2 |
| Zoning | C - Commercial |
PROPERTY TAXES
| Parcel Number | R258654 | Improvements Assessment | $1,604,701 |
| Land Assessment | $696,960 | Total Assessment | $2,301,661 |
PROPERTY TAXES
Parcel Number
R258654
Land Assessment
$696,960
Improvements Assessment
$1,604,701
Total Assessment
$2,301,661
CONTACTS
-
Scott Gould -
Rory Shelby -
Christopher Biuso -
Spencer Koch -
Caitlin Lancaster -
Marcus & Millichap
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Sunstate Equipment | 10 Yr Absolute NNN | 16450 US Highway 380 W
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