Income-Producing Industrial Property | NNN Investment & Value-Add Opportunity

Investment Overview

Excellent opportunity to acquire an income-producing industrial property on approximately 1.659 acres in Splendora, Texas. The 6,010 SF metal building, constructed in 1970, features approximately 1,824 SF of office space and 4,186 SF of warehouse/shop space, with substantial outdoor yard area for equipment storage, contractors, and industrial operations. The property is leased under an absolute net lease, with the tenant responsible for property taxes, insurance, maintenance, and repairs. Current base rent is $3,412.50 per month, plus average monthly fees of approximately $90, generating an estimated annual income of $42,000 and an approximate 7.0% cap rate at the $599,000 asking price. The established tenant occupies the property on a month-to-month basis, offering potential for lease renegotiation, increased rental income, or future owner occupancy. A compelling opportunity for investors seeking existing income and value-add potential.

Investment Highlights

• Asking Price: $599,000
• Approximately 1.659 Acres
• 6,010 SF Metal Building
• 1,824 SF Office Space
• 4,186 SF Warehouse/Shop Space
• Built in 1970
• Current Base Rent: $3,412.50/Month
• Annual Base Rental Income: $40,950
• Approximate 6.84% Cap Rate Based on Contractual Base Rent
• NNN Lease Structure
• Established Month-to-Month Tenant
• Potential to Increase Rents Toward Market Levels
• Substantial Outdoor Yard for Equipment and Vehicle Storage
• Potential for Future Owner-Occupancy or Expansion, Subject to Approvals