TNT CRANE & RIGGING (KAUFMAN, TX)

SINGLE TENANT

65 OAK CREEK DRIVE, KAUFMAN, TX 75142
Price :
$ 1,325,000
Cap Rate :
7.70%
NOI :
$ 102,000
Lot Size :
5.00 acres
Year Built :
1985/1998
Property Area :
23,876 sqft
Status :
AVAILABLE
MARKETING PACKAGE

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

 

Investment Highlights

• 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

Investment Overview

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.

 

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: ZAA0060593)

Exclusive Listing

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

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