UNITED RENTALS (KILGORE, TX)

SINGLE TENANT

6208 STATE HIGHWAY 42, KILGORE, TX 75662
Price :
$ 682,000
Cap Rate :
7.04%
NOI :
$ 48,000
Lot Size :
4.50 acres
Year Built :
1973/1993
Property Area :
13,630 sqft
Status :
UNDER CONTRACT
MARKETING PACKAGE

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

 

Investment Highlights

• 13,630 Square-Foot Industrial Warehouse Situated on 4.5 Acres – Excess Land for Future Development and Outside Storage
• Highly Functional Asset Featuring 14’ Clear Heights, Three Grade Level Doors, and 18 Parking Spaces
• 100% Leased by United Rentals With Seven Years Remaining on the Primary Term, and Two Five-Year Renewal Options
• United Rentals Founded in 1997, Located in 49 States and 10 Canadian Provinces
• Largest Equipment Rental Company in the World, with a Store Network Nearly Three Times the Size of Any Other Provider
• Absolute Triple-Net Lease, Minimizing Landlord Responsibility
• Strategically Located Industrial Warehouse with Proximate Access to Major Freeways

 

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire the property located at 6208 State Highway 42 in Kilgore, Texas, leased to United Rentals. The subject property consists of approximately 13,630 square feet of space and is situated on 4.5 acres of land. The asset is highly functional, featuring 14’ clear heights, three grade-level doors, and 18 parking spaces. There is excess land for future development and outside storage at the property site. The asset is 100 percent leased by United Rentals with seven years remaining on the primary term and two five-year renewal options. The absolute triple-net lease in place minimizes landlord responsibility. United Rentals was founded in 1997 and is located in 49 states and 10 Canadian provinces. They are the largest equipment rental company in the world, with a store network nearly three times the size of any other provider. This strategically-located industrial warehouse has proximate access to major freeways including Interstate 20, U.S. Highway 259, Texas Highway 31, Texas Highway 42, and Texas Highway 135.

Kilgore is located east of Dallas on Interstate 20 and is considered a manufacturing center in the Northeast Texas area. Kilgore is east of Dallas on Interstate 20 and US Route 259/59, a one-road route from Canada to Mexico. Kilgore is one of the few cities in Northeast Texas with a commercial airport. The East Texas Regional Airport is 10 miles and 16 minutes from Synergy Park and provides regional jet service to the Dallas/Fort Worth Airport via their regional partner, American Eagle. Located on the Red River Waterway just south of Shreveport-Bossier, Louisiana, and one hour east of Kilgore on I-20, The Port has immediate access to barge, rail, motor freight and air transport providing a robust network of distribution. Sam Dunn Enterprises is a third-party logistics service company located 10 minutes from Kilgore, outsourcing warehousing, distribution, and fulfillment needs with a wide range of benefits. (Kilgore-edc.com)

Within 250 miles of Kilgore, the market is more than 20 million people. More than 20 percent of the workforce is employed in the goods-producing sector, well above employment levels at both the state and national levels. Regulated industrial electric rates are in the range of 5¢ to 6¢ per kWh, 60.5 percent less than the national average. The average ROI of Kilgore primary employers is 61 percent greater than the ROI of top primary employers nationally, according to Texas A&M University. Key industries in Kilgore include: General Dynamics SATCOM Technologies, Kilgore College, Region VII Education Service, Yamaha/Skeeter Products Inc., Closure Systems International, Inc., and Republic Services. Top sectors include: Healthcare, Mining, Manufacturing, Retail, and Construction. (Kilgore-edc.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: ZAB0060623)

Exclusive Listing

Adam Abushagur
(972) 755-5223
Lic # TX : 661916

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