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Goodman Distribution | Industrial NNN 402 W Elms Rd 45,228 SF Industrial Building Killeen, TX 76542 $9,423,000 ($208.34/SF) 6% Cap Rate
Investment Highlights
- Over 9 Years Remaining | Corporate Guaranteed | 2% Annual Rental Increases | FMV Option Increases
- Interstate 14 (77,300 VPD) | Brand-New 2025 Construction |Industrial User Advantage | Primary Retail Corridor
- NNN Leased | Fee Simple Ownership | Minimal Landlord Responsibilities
- Strong Demographics in 5-Mile Trade Area
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, corporate guaranteed, Goodman Distribution investment property located in Killeen, Texas. The tenant, Daikin Company Technologies Distribution, Inc d/b/a Goodman Distribution has over 9 years remaining on their initial lease with 2 (7-year) options to extend, demonstrating their commitment to the site. The lease features annual 2% rental increases throughout the initial term and fair market value increases throughout the option periods, steadily growing NOI and hedging against inflation. The lease is NNN leased with minimal landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor.
Property Facts
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Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 531510 | Improvements Assessment | $0 |
| Land Assessment | $200,000 | Total Assessment | $200,000 |
Property Taxes
Parcel Number
531510
Land Assessment
$200,000
Improvements Assessment
$0
Total Assessment
$200,000
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