21607 Country Club Green Dr
Tomball, TX 77375
Absolute-Net Leased Industrial Opportunity · Industrial Property For Sale

This is a Confidential Listing. Please contact Listing Agent for actual address and Tenant information. All site visits MUST be scheduled through Listing Agent and no inquires are to be made directly through the Tenant. Marcus & Millichap is pleased to present the opportunity for an investor to acquire a single tenant net-leased industrial building located at (undisclosed address) in Tomball, TX 77375. The property consists of one building, composed of 54,994 square feet of functional warehouse space and 13,650 square feet built out office space for a total of approximately 68,644 square feet. Lying on an oversized parcel of 7.04 acres the investment includes roughly 2.7 acres of undeveloped land that could potentially be used for expansion as the business grows. At the close of escrow, Undisclosed Tenant (contact Listing agent for Tenant Info) will execute a new 15-year absolute triple net lease. This lease will be subject to attractive 2.0% annual increases and will provide the tenant with 4, five-year renewal options. The property is listed at an attractive 9.0% cap rate. Should an investor capitalize on historically low interest rates it is possible that they could see a cash on cash return as high as 14.5% within the year of ownership.