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Sunset Supply 2811 Fm 523 Rd 56,400 SF Industrial Building Freeport, TX 77541 $4,675,000 ($82.89/SF) 7.15% Cap Rate
INVESTMENT HIGHLIGHTS
- Long-Term Tenant Occupancy: 20+ Year History
- NNN Lease Structure with Annual Increases
- Strategically Located Facility
- Industry Leading Supplier
- Below Market Rent
EXECUTIVE SUMMARY
Sunbelt Supply has occupied the facility for over 20 years and they executed on a long-term sale leaseback in 2019, demonstrating a continued commitment to the location. The property, which serves as a Gulf Coast hub for the Tenant, is located approximately 60 miles south of Houston in Freeport, TX, which boasts major employers such as The Dow Chemical Company, Phillips 66, and BASF Corporation. Freeport is also home to Port Freeport, one of the fastest-growing ports in the nation.
In Association With Brett Butler, TX Lic #558227-B
In Association With Brett Butler, TX Lic #558227-B
PROPERTY FACTS
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PROPERTY TAXES
| Parcel Number | 0009-0011-110 | Improvements Assessment | $5,226,690 |
| Land Assessment | $273,310 | Total Assessment | $5,500,000 |
PROPERTY TAXES
Parcel Number
0009-0011-110
Land Assessment
$273,310
Improvements Assessment
$5,226,690
Total Assessment
$5,500,000
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Sunset Supply | 2811 Fm 523 Rd
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