16450 US Highway 380 W - Warehouse FOR SALE


Krum, TX 76249
$3,640,000 USD
407-557-3824
16450 US Highway 380 W, Krum, TX for Sale
$3,640,000 USD
Warehouse - FOR SALE
1/3
null | 6.25% Cap Rate

16450 US Highway 380 W
Krum, TX 76249


HIGHLIGHTS

  • • Sale-Leaseback with Sunstate Equipment Co., Inc - Top 10 Equipment Rental Company in the U.S.
  • • 10-Year Absolute NNN Lease | 2.5% Rent Bumps - Zero LL Responsibilities | Three Five-Year Options
  • • Wholly Owned Subsidiary of Sumitomo Corporation - $35.5 Billion Market Cap | Publicly Traded TYO: 8053
  • • Recent Acquisition of Equipment Rental Company - Press Release: AJ Rentals | Eight Years of Operating History
  • • 4.00 Acre Site with Industrial Outdoor Storage (IOS) - 390’ of Frontage on Highway 380 with 15,655 Vehicles Per Day
  • • Close Proximity to Dallas and Fort Worth, Texas - 4 th Largest Metro in the U.S. | $744+ Billion Dollar GDP

OVERVIEW

• Sale-Leaseback with Sunstate Equipment Co., Inc - Top 10 Equipment Rental Company in the U.S. • 10-Year Absolute NNN Lease | 2.5% Rent Bumps - Zero LL Responsibilities | Three Five-Year Options • Wholly Owned Subsidiary of Sumitomo Corporation - $35.5 Billion Market Cap | Publicly Traded TYO: 8053 • Recent Acquisition of Equipment Rental Company - Press Release: AJ Rentals | Eight Years of Operating History • 4.00 Acre Site with Industrial Outdoor Storage (IOS) - 390’ of Frontage on Highway 380 with 15,655 Vehicles Per Day • Close Proximity to Dallas and Fort Worth, Texas - 4th Largest Metro in the U.S. | $744+ Billion Dollar GDP • Convenient Access to Major Thoroughfares - Less than Six Minute Drive to I-35 On Ramps • Strong Population Growth in Denton County - Over 57% Increase in the Past 15 Years

FOR SALE DETAILS

PRICE

$3,640,000 USD

PRICE/SF

$659 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sunstate Equipment | 10 Yr Absolute NNN

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

2

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4

LAND SF

174,240

ZONING

C

APN/PARCEL ID

R258654

ASK ABOUT THIS PROPERTY

Scott GouldMarcus & MillichapMore Info
407-557-3824

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Scott GouldMarcus & MillichapMore Info
407-557-3824

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.