420 S Fletcher St
Jasper, TX 75951
Flower Foods · Industrial Property For Sale

INVESTMENT HIGHLIGHTS - Brand new 10 Year NN+ lease (Rent commenced in July 2017) - Seller will provide buyer with a 10-year roof warranty that will commence at the close of escrow - Very minimal Landlord responsibility: Landlord responsible for roof and structure only (comes with roof warranty) - Tenant responsible for HVAC, CAM, Taxes, and Insurance - Building was retrofitted for Flowers Foods in the summer of 2017 - Relocation site from previous location in Jasper, TX - Relocation sites confirm already proven markets for the tenant - Two, 5-Year extension periods; both of which include 1.5% annual rent increases - Jasper is located 130 miles northeast of Houston and has an estimated population of 7,600 residents - Flowers Foods, Inc. has strong investment grade credit, S&P rated BBB- & Moody’s rated Baa2 - The property is 100% leased to Flowers Baking Co. of Houston, LLC, a wholly owned subsidiary of Flowers Foods Inc. - Flowers Foods is the second-largest producer and marketer of packaged bakery foods, serving over 90% of the United States population with baked goods - Flowers Foods operates over 47 bakeries in 16 states, producing freshly baked products for some of the top brands including Hostess, Nature’s Own, White - Wheat, Bunny Bread, Sunbeam, Wonder Bread, Tastykake, Mary Jane, Holsum, Hattie’s and more