BISQUE IMPORTS (KAUFMAN, TX)

SINGLE TENANT

1201 EAST FAIR STREET, KAUFMAN, TX 75142
Price :
$ 850,000
Cap Rate :
9.69%
NOI :
$ 82,376
Lot Size :
2.50 acres
Year Built :
1961
Property Area :
43,020 sqft
Status :
AVAILABLE
MARKETING PACKAGE

By downloading the Marketing Package (“Offering Memorandum”) you hereby agree to the CONFIDENTIALITY AND BUYER REGISTRATION AGREEMENT.

 

Investment Highlights

• Tenant Has Signed a Three-Year Lease Renewal Set to Begin February 2020
• Highway Frontage to U.S. 175 and TX-34 Provides Excellent Visibility and Easy Access
• Three Total Docks, One Total Drive-In and Three-Phase Electric Power Throughout
• Property is Priced Below Replacement Cost
• High-Traffic Corridor Along Highway U.S. 175 and TX-34: Approximately 76,646 Vehicles per Day Reported by CoStar
• Seller Reports New TPO Roof in September 2018

 

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire Bisque Imports located at 1201 East Fair Street in Kaufman, Texas. The subject property consists of an approximately 43,020-square foot brick building and is situated on approximately 2.5 acres of land. Built in 1961, the subject property is situated on the highway frontage road to U.S. 175 and TX-34, providing excellent visibility and easy access. Priced at below average replacement cost, the property is fully leased through 2023, with the seller reporting a brand new TPO roof installed in September 2018.

Founded in 1999, Bisque Imports has over 20 employees and is proud to be an energetic and sustainable resource for ceramic studios worldwide. The company sells bisque, glass, mosaics, and other craft and fired art supplies. Originally, the company’s focus was mainly kitchenware and utility items, but expanded to include warm glass as their designs began to shift to figurines and items for children.

The Dallas/Fort Worth metroplex is the fourth-most populous metro in the nation with an aggregate of more than 7.1 million residents. It is composed of 13 counties stretching nearly 10,000 square miles. The city of Dallas houses 1.3 million people, followed by Fort Worth with 800,000 residents. Strong job growth continually draws new residents to the region. To accommodate the additional traffic, the region’s transportation network is evolving. Traffic flow is improved as freeways are expanded and miles are being added to tollways and turnpikes. The growth of the transportation network is vital to supporting commuters to the metros numerous corporations and growing industries. Dallas/Fort Worth’s population growth in recent years ranks among the highest in the U.S. for a major metro. The Metroplex is home to 21 Fortune 500 companies and many regional headquarters, drawing workers and residents. The area’s extensive network of rail and highways, along with the International Inland Port of Dallas, ensure its status as a distribution hub.

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2019 Marcus & Millichap. All rights reserved. (Activity ID: ZAA0060409)

Exclusive Listing

Adam Abushagur
(972) 755-5223
Lic # TX : 661916
Sam Martin
(972) 755-5198
Lic # TX : 707514

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