Rare 20 Year Absolute NNN Sale Leaseback Investment

Industrial for Sale
Also listed as Office
Catylist Listing ID: 30605649
Property Subtypes: Free-Standing, Light Industrial, Office Showroom
Building Size (RSF): 17,040 SF
Gross Building Area: See Agent
Sale Price: $2,750,000
Unit Price: $161.38 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Sale/Leaseback
Cap Rate: Undisclosed
Last Updated: 7/28/2020

Overview / Comments

Rare 20 year Sale-Leaseback Opportunity. SitePro will sign a 20 year Absolute NNN Lease upon sale of the property. The final lease is in draft form and can be negotiated as part of a purchase. SitePro is raising venture capital to continue to grow their business. The value for venture capital focuses on the business income and not business real estate assets. To maximize the growth potential for the company, SitePro will leaseback the facility with multiple options to renew.

Financials projected within the marketing package are based off assumptions within the draft lease. Please do NOT visit SitePro without an appointment. Financial information will be released as part of the due diligence period in an effort to maintain confidentiality of the successful business financials. Contact Broker for details.

Located near 98th & Hwy 87 / Tahoka Hwy at 9502 Hwy 87. The property boasts quick access to all parts of West Texas in centrally located Lubbock, TX.

Additional Details

Nearest MSA: Lubbock
County: Lubbock
Tax ID/APN: R64855

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,001 48,096 132,266
Median Age: 29.05 34.63 33.57
Households: 463 18,706 51,740

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