EquipmentShare

Gladewater, Texas

NNN Pro Group is pleased to present the exclusive listing for an EquipmentShare located at 1761 Highway 271 Gladewater, TX 75647. The site consists of roughly 14,500 rentable square feet of building space on estimated 21.65-acre parcel of land. This EquipmentShare is subject to a 15-year absolute triple-net (NNN) lease, which commenced October 1st, 2021. The current annual rent is $202,357 and is scheduled to increase by 1.7% every year commencing on year 6 throughout the base term and in each of the 2, 5-year renewal options.

Key Details

Price:: $3,042,962
Cap Rate:: 6.65%
Annual Rent:: $202,357
Address:: 1761 Hwy 271, Gladewater, Texas 75647
Property Type:: Distribution Center
Lease Type:: Triple Net (NNN)

Original Lease Term:: 15 Years
Lease Commencement:: October 1, 2021
Lease Expiration:: September 30, 2036
Lease Term Remaining:: 13.3 Years
Rental Increases:: 1.7% Annually, Commencing Year 6
Lot Size:: 21.65 Acres
Building Size:: 14,500 SF
Year Built:: 2015
Tenant:: EquipmentShare

Talk to the pros

Glen Kunofsky

gkunofsky@nnnpro.com

License: 49KU1129178

Madison O’Connor

moconnor@nnnpro.com

License: 10401324427

Mark Masino

mmasino@nnnpro.com

License: 10401324426

Broker of record

Brian Brockman

Bang Realty-Texas, Inc

License: 701472

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