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- LoopNet Team
901 Hensley Ln
Wylie, TX 75098
Lone Star Circuits · Flex Property For Sale
INVESTMENT HIGHLIGHTS
- Fully Leased Single-Tenant Warehouse with Over 12 Years Remaining on an Absolute Net Lease with Zero Landlord Responsibilities
- Attractive Class B Single-Tenant lndustrial Manufacturing Warehouse Composed of Tilt Wall Construction and Three Grade-Level Doors
- Subject Asset is Proximate to Highway 78, Highway 205 and President George Bush Turnpike
- 2.00% Annual Rental Increases Beginning Year 3 of the Lease and Three 5-Year Renewal Options with 7.50% Bumps When Exercised
- The Property is Situated on 6.32 Acres Providing Ample Amount of Parking and Outside Storage Area
- Below-Average Submarket Vacancy Rate Due to Strong Demand and Lack of Supply, Due to Land Constraints and High Land Costs
PROPERTY FACTS
| Property Type | Flex | Year Built | 2001 |
| Property Subtype | Light Manufacturing | Tenancy | Single |
| Building Class | A | Parking Ratio | 2.17/1,000 SF |
| Lot Size | 6.32 AC | Clear Ceiling Height | 18’ |
| Rentable Building Area | 104,062 SF | No. Drive In / Grade-Level Doors | 3 |
| No. Stories | 1 | ||
| Zoning | I | ||
| Property Type | Flex |
| Property Subtype | Light Manufacturing |
| Building Class | A |
| Lot Size | 6.32 AC |
| Rentable Building Area | 104,062 SF |
| No. Stories | 1 |
| Year Built | 2001 |
| Tenancy | Single |
| Parking Ratio | 2.17/1,000 SF |
| Clear Ceiling Height | 18’ |
| No. Drive In / Grade-Level Doors | 3 |
| Zoning | I |
ABOUT 901 HENSLEY LN , WYLIE, TX 75098
Marcus & Millichap is pleased to present the opportunity to acquire the property located at 901 Hensley Lane in Wylie, Texas, leased to Lone Star Circuits. The subject property consists of approximately 104,062 square feet of space and is situated on 6.32 acres of land, providing an ample amount of parking and outside storage. The asset is an attractive Class B industrial manufacturing warehouse composed of tilt wall construction and three grade-level doors. Fully leased, the single-tenant warehouse has over 12 years remaining on an absolute net lease with zero landlord responsibilities. Annual rental increases of 2 percent begin December 2021 (year 3 of the lease) and there are three 5-year renewal options with 7.50 percent rental bumps, when exercised. The subject asset is proximate to Highway 78, Highway 205, and President George Bush Turnpike. Strong demand and lack of supply, due to land constraints and high land costs, cause the submarket to maintain a below-average vacancy rate while industrial rental rates increase annually.
PROPERTY TAXES
| Parcel Number | R-3953-00A-03A2-1 | Improvements Assessment | $5,241,659 |
| Land Assessment | $2,696,451 | Total Assessment | $7,938,110 |
PROPERTY TAXES
