Global Vessel & Tank - 2 Unit Sale-Leaseback Portfolio - 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
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.
- Raw Land + Future Development Opportunities - Included in the sale is roughly 20+ acres of raw, undeveloped land that can be seen as room for future expansion plans and or redevelopment purposes.
- New Iberia, LA (Lafayette, MSA) - #1 Leading Gulf Inland Port – Serves & supports as a regional anchor for over 100 companies in fabrication, oilfield services, and logistics contributing roughly $2 Billion to the local GDP.
Asking Price
$30,000,000
cap rate
8.00%
%
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