TNT CRANE & RIGGING (KAUFMAN, TX)
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• Triple-Net Lease with Over 5 Years Remaining on the Term and Two 5-Year Renewal Options
• Seller Reports New Metal Roof Replacement on Main Building
• Over 4 Acres of Fenced-In Outside Storage Area
• High-Traffic Corridor Along Highway U.S. 175 and TX-34: Approximately 76,646 Vehicles per Day Reported by CoStar
• Tough Barrier-to-Entry Industrial Market: Only 1 Property for Lease Within a Five-Mile Radius
Marcus & Millichap is pleased to present the opportunity to acquire the property located at 65 Oak Creek Drive in Kaufman, Texas, leased to TNT Crane & Rigging. The subject property consists of approximately 23,876 square feet of space and is situated on approximately five acres of land. The subject property features over four acres of fenced-in outside storage area, and the seller reports a new metal roof replacement on the main building. The subject property is located in a tough barrier-to entry industrial market with only one property for lease within a five-mile radius. TNT Crane & Rigging has over five years remaining on their triple-net lease term with two five-year renewal options.
TNT Crane & Rigging began in Houston, Texas in 1985 and is now one of the largest crane service providers in North America with 38 branches, more than 620 cranes, and a comprehensive fleet of forklifts and specialty lifts. Their services include: operated and maintained cranes, heavy rigging, specialized lifting, and transportation. TNT Crane & Rigging serves multiple locations from Texas and Oklahoma to the Atlantic Seaboard in markets including oil and gas, midstream, refining, petrochemical, power, commercial, construction, and industrial (tntcrane.com).
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.