Global Vessel & Tank - Longview, TX
109 Kodak Blvd
Longview, TX
Property Details
available
Address
109 Kodak Blvd
City
Longview, TX
Zipcode
75602
Net Operating Income
Year Built
Cap Rate
8.00%
Lease Structure
Lot Size
9.23 AC
Lease Term
Building Size
46,340
SQ FT
Highlight
Investment Details
- Absolute NNN Lease Structure - Tenant is responsible for Taxes, Insurance, and Common Area Maintenance (CAM) making this an ideal investment for investors seeking true passive income producing assets with effectively zero landlord responsibilities.
- Attractive 8% Cap Rate - Property is being offered at an attractive 8% cap rate with potential for double digit cash on cash returns with current market financing.
- Newly Constructed Long-Term Lease - Tenant will commit to a brand new 15-20-year lease extension which will commence at the close of escrow.
- Hedged Credit Risk - Corporate Guarantee - The lease is corporately guaranteed by industry leader Global Vessel & Tank, Holdco, Inc. an ESOP Company.
- Longview, TX – Strong GDP Growth - #2 – Largest economy in East Texas as both Mining/Oil & Gas, and Manufacturing account for roughly 1/3 ($10 Billion) of the Metro’s $35 Billion GDP.
Broker of Record
Braden Crockett
Broker LIC TX #831271
Asking Price
$9,010,000
cap rate
8.00%
%
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