RED BULL DISTRIBUTION COMPANY, INC. (CEDAR HILL, TX)

SINGLE TENANT

SOLD ABOVE ASKING PRICE
Lot Size :
6.04 acres
Year Built :
1999
Property Area :
10,500 sqft
Status :
RECENTLY SOLD

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

 

Investment Highlights

  • Brand New 5-Year Triple Net Lease with 3.0% Annual Rental Increases and One 3-Year Renewal Option
  • Red Bull is a National and World Leading Energy Drink with 10.4% Increase in Sales Totaling Over 7.5 Billion Sold Cans in 2019 (Redbull)
  • Warehouse Features 18’-20’ Clear Heights, Two Dock-High Doors, Three Grade Level Doors and is Situated on 6.04 Acres
  • Interior Features 2 Office Spaces, Kitchenette, Storage Space and Restrooms
  • Tough Barrier to Entry Industrial Market with Only Two Properties for Lease in a 5 Mile Radius, Per CoStar
  • Subject Asset is Proximate to U.S. Highway 67 and Downtown Cedar Hill
  • CoStar Reports 6.8% Annual Rental Growth in the Southwest Dallas Submarket

 

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire the property located at 1462 Freedom Way in Cedar Hill, Texas leased to Red Bull Distribution Company, Inc. The subject property consists of approximately 10,500 square feet of space and is situated on 6.04 acres of land. The subject property features 18’-20’ clear heights, two dock-high doors, and three grade-level doors. The interior features a kitchen, storage space, two office spaces, and restrooms. Red Bull is an international leading energy drink. The company sold over 7.5 billion cans in 2019, a 10.4% increase in sales from the previous year. Recently, Red Bull committed to a brand-new, 5-year, triple-net lease with 3% annual rental increases and one 3-year renewal option. There is a tough barrier to entry in this industrial market with only two properties for lease within a 5-mile radius, according to CoStar. CoStar reports 6.8% annual rental growth in the Southwest Dallas Submarket. The subject asset is proximate to U.S. Highway 67 and Downtown Cedar Hill.

When Red Bull was founded in 1987 it was not only the launch of a completely new product, in fact it was the birth of a totally new product category. Red Bull Energy Drink is appreciated worldwide by top athletes, busy professionals, college students and travelers on long journeys with a brand value of $9.9 billion. The brand that gives you wings sold 6.8 billion cans, up 8%, across 171 countries in 2018. Top growth markets included India (+30%), Brazil (+22%) and Eastern Europe (+22%). The company has sold a cumulative 75 billion cans since Red Bull was introduced in 1987 with a marketing strategy built on extreme events. Red Bull is on the Forbes “World’s Most Valuable Brands” list and “America’s Best Midsize Employers” for 2019. (Forbes)

Cedar Hill’s robust development has made it a prime location for retail, commercial, technology, industrial, healthcare, residential and recreational opportunities. Located in the beautiful hill country environment of Joe Pool Lake and the Cedar Hill State Park, Cedar Hill, Texas is the natural choice for those who want big-city amenities with a small-town ambiance. The city is 20 minutes from Downtown Dallas with access to U.S. 67 and has a rail-served business park. Cedar Hill is a pro-business environment with a workforce of over 1 million within a 30-minute drive time. The area has low taxes, low cost of living, and quality education. To facilitate and energize relocation and expansion, Cedar Hill offers aggressive economic development incentives. (cedarhilledc.com)

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. © 2020 Marcus & Millichap. All rights reserved. (Activity ID: ZAB0060404)

Exclusive Listing

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

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