4742 US 59 Access Road | Cleveland, TX 77328
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4742 US 59 Access Road
Cleveland, TX 77328
Land For Sale
·
9.00 AC
INVESTMENT HIGHLIGHTS
- Building Size: 4,900 SF situated on 9.00 Acre Site
- For Sale - 100% Leased
- +5.25 AC stabilized yard
- Utilities: Power, well/septic
- Direct access on US-59
- Grade level building
PROPERTY FACTS
DESCRIPTION
Investment Summary: Tenant: The Aspen Utility Company, LLC Commenced: May 1, 2025 Expiration: April 30, 2028 Term Remaining: ±3 years Lease Type: Triple Net Lease Structure Tenant paying for OPEX equal to $19,000/year Rate: $31,500/month ($3,500/ac/month) Increases: 4% Annually Guidance Price: $4,581,818.18 NOI: $378,000.00 Cap Rate: 8.25%
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $188,530 | Total Assessment | $188,530 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$188,530
Improvements Assessment
$0
Total Assessment
$188,530
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