501 W FM 2812
Edinburg, TX 78541

Built in 2014 as a built-to-suit for Aguaworks Pipe & Supply, 501 W. FM 2812 in Edinburg, TX is an opportunity for an investor looking for a light industrial investment with a long term tenant in place.  The 4.55 net acre property includes an 8,925 SF office-warehouse and a large fenced storage yard of which approximately 40% is paved asphalt parking and storage and 60% is caliche/gravel all weather storage yard & parking.   Aguaworks has been the only tenant at the facility with the current lease running through September 2024.  The tenant pays a base rent plus property taxes, insurance, and general maintenance and repair costs.  The Landlord pays for any structural foundation, roof, and wall repairs.  The current lease allows for a tenant option for an additional five (5) year lease extension, with the rental rate to increase based on the U.S. Consumer Price Index (CPI) between October 2019 and October 2024.  This increase in rental rate through January 2023 is up by 14.5%, and the expectation is that the CPI will continue to increase through the October 2024 five year lease extension start date.   Aguaworks is a Rio Grande Valley based water & wastewater utility construction supply distributor with locations in Edinburg, Brownsville, and Houston, TX.  For more information on the tenant and their history please visit their website at www.Aguaworkspipe.com.