From a buyer’s perspective, 415 Topeka Street represents a strong investment opportunity in one of the fastest-growing corridors within the Dallas-Fort Worth Metroplex. Located just off FM 407 in Justin, TX, the property offers secure in-place income with considerable upside potential in rental income and property appreciation. Key Highlights: 1. Secure Cash Flow with Lease-Upside Potential • The property is currently occupied by a tenant with approximately 2 years remaining on the lease, providing immediate income and stability for an investor. • Current rental income of $50,400 annually is significantly below market, resulting in a short-term lease loss opportunity. • Upon lease expiration or re-tenanting, potential to increase rents in line with market trends, projected at $10.69/SF (submarket) versus current effective rent of ~$8.00/SF, allowing for a cash flow increase of 23%–33% over the next 24 months. 2. Prime Location with Zero Vacancy • Situated in the NE Tarrant/Alliance submarket, which boasts a 0% vacancy rate at the property level and a low 5.3% availability rate in the submarket. • Benefiting from Justin's ongoing population growth and infrastructure improvements, ensuring sustained demand for industrial/flex space. 3. Affordable Entry Price and Strong Fundamentals • Listed at $675,000 or $107/SF, below the market average sale price of $115/SF for comparable properties. • Offers an initial cap rate of 6.22%, with a projected IRR of 6.14% over 5 years and cash-on-cash return growing to 9.26% by Year 5. • Debt coverage ratios exceed 1.50x in later years, indicating healthy operational performance with financing in place. 4. High-Demand Industrial Market • The NE Tarrant/Alliance submarket continues to experience strong leasing momentum, with 958K SF leased in the past 12 months and market rents growing steadily year-over-year. • Limited new supply (only 46.9K SF under construction) enhances the long-term value stability of existing industrial assets like 415 Topeka.