5201 Sterilite Dr - Distribution FOR SALE


Ennis, TX 75119
$32,211,000 USD
949-547-2213
5201 Sterilite Dr, Ennis, TX for Sale
$32,211,000 USD
Distribution - FOR SALE
1/9
null | Request Cap Rate

5201 Sterilite Dr
Ennis, TX 75119


HIGHLIGHTS

  • Long-Term CVS Tenant – 20+ years on site, lease runs through 2039 with ten 5-year options.
  • Absolute NNN Lease – No landlord duties, perfect passive investment.
  • Rent Growth & Upside – $3.46/SF rent with 5% bumps at each option.
  • Dallas MSA Location – Located in Ennis, TX, strong logistics market.
  • Flexible Financing – Delivered free & clear or with 5.2% CTL loan.
  • Tax-Free State – Texas has no state income tax, boosting returns.

OVERVIEW

SRS Capital Markets is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, CVS distribution facility located in Ennis, Texas (Dallas MSA). The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for an out of state investor in an income tax free state.

FOR SALE DETAILS

PRICE

$32,211,000 USD

PRICE/SF

$73 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS Distribution Center

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Distribution

ADD'L SUBTYPES

Drug Store, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

46

DRIVE INS

-

PARKING SPACES

480

LAND DETAILS

LAND ACRES

69.44

LAND SF

3,024,806

ZONING

H-IM

APN/PARCEL ID

227235

ASK ABOUT THIS PROPERTY

John RedfieldSRS Real Estate PartnersMore Info
949-547-2213

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John RedfieldSRS Real Estate PartnersMore Info
949-547-2213

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