340 Industrial Park Dr 6,662 SF Industrial Building Fairfield, TX 75840 $1,456,975 ($218.70/SF) 8% Cap Rate

The Property
Marcus & Millichap is pleased to exclusively offer this single-tenant industrial property leased to Valor Telecommunications of Texas, LLC dba Windstream Communications. The subject property is a 6,662-square-foot facility sitting on 4.73 acres, located off Interstate 45 on Industrial Park Drive in Fairfield, Texas. There are approximately five years remaining on a triple-net (NNN) lease with annual rent increases. There is one, five-year option to renew with annual increases.
The property was a build-to-suit with construction completed in 2014 and features steel beam and metal construction with one roll-up door. There is 4,860 square feet of office space, 1,312 square feet of warehouse space, and a two-walled shed on concrete that is 490 square feet. In the summer of 2025, the parking area was enlarged, including adding gravel base material, leveling and compacting, and moving the fence to delineate the parking area.
The Location
Fairfield, Texas is the county seat of Freestone County and is in the center of the five-county Central East Texas region. 24 million people live within 200 miles. Fairfield is strategically located along Interstate 45, offering direct access to major Texas cities like Dallas, just 90 miles to the north, and Houston, 150 miles to the south. The prime positioning makes Fairfield an attractive spot for business operations, providing straightforward access to urban markets while avoiding city congestion. Additionally, State Highway 84 runs through Fairfield, adding east-west connectivity that links the town to neighboring regions and additional highways.
The Tenant
Kinetic, formerly Windstream Communications, was formed as a spinoff of Alltel’s Corporation’s landline business and merger with Valor Communications Group, Inc. Kinetic is a leading provider of advanced network communications and technology solutions for consumers, small businesses, enterprise organizations and carrier partners across the U.S.
The completion of the merger between parent company Unity Group Inc. and Windstream in August 2025 combined Uniti’s wholesale fiber network with Windstream’s Kinetic broadband business to create a larger, unified fiber provider. The new structure is designed to align capital allocation, remove existing dis-synergies between the two companies, and improve the combined entity’s leverage trajectory.