WAXAHACHIE BUSINESS PARK

Transcription

1 FOR SALE >> $1.71 M INVESTMENT PROPERTY >> 150 BUTCHER RD,, TX BUSINESS PARK Colliers International is pleased to present Waxahachie Business Park, two 11,100 square foot buildings that are composed of four tenants with triple net leases for a total of 22,0 square feet of rentable space. Located within the City of Waxahachie, both buildings were constructed in 06. Waxahachie Gymnastics occupies the entirety of one building while Fastenal, Richardson Auto Glass, and Federal Telecom occupies the subsequent building. Surrounding the property is a QuikTrip, Whataburger, and a Sonic that is being developed. There is also a brand new high school next to the property called Life High School that just opened this year. 22,0 Square Feet Price / SF: $77.03 Multi-Tenant 100% Occupied

2 FOR SALE >> $1.71 M INVESTMENT PROPERTY >> 150 BUTCHER RD,, TX DALLAS GEORGIA-PACIFIC CORPORATION ALTON ADAMS DR. TEXCORR WAXAHACIE BUSINESS PARK LIFE HIGH SCHOOL 45 BUTCHER RD. NFI DISTRIBUTION DEVELOPMENT 45 Triple Net Leases The two buildings are 100% leased with triple net leases. Increasing Cash Flow Returns The average rental rates being paid at the property right now is below market so there is room to increase the rents once the leases expire. Considering little to no vacancy in the Waxahachie market and most of the current tenants having renewed in recent past, the tenants are likely to remain at the property. Unique Property There is no other product like Waxahachie Business Park in the Waxahachie market because of the tilt wall construction on a small property. There are no plans to build any like-kind product in the future which limits the tenant s mobility. The same building can t be built exactly like today based on the building and energy codes from 10 years ago versus today s codes. Surrounding Transit Two lanes are being added to I-35 which the city of Waxahachie wants to get started immediately. Highway construction will take 22 months. The city also plans on adding more lanes to County Road 387 (Butcher Road) and adding an urban interchange on the intersection of I-35 and County Road 387. Strong Industrial Markets This property is located in a strong, dynamic industrial market with healthy regional economies. The Waxahachie industrial market contains approximately nine million square feet and is just south of one of the most dominant industrial markets in the southwestern U.S, Dallas Texas. Waxahachie Transportation Services Air Service Mid-Way Regional Airport Freight Carriers Central Freight Lines Ellis Express Federal Express J.B. Hunt Transport, Inc. National Freight, Inc. Pak-Mail Tex-Pack United Parcel Service Rail Carriers Burlington Northern/Santa Fe Union Pacific (Railroad track 798 feet to the west)

3 NORTH GYMNASTICS CENTER SUITE ,100 SF FED.TEL SUITE 150 2,2 SF RICHARDSON AUTO GLASS SUITE 140 2,2 SF FASTENAL SUITE 130 6,660 SF BUTCHER ROAD Property Overview 22,0 total SF o Building 1 11,100 SF o Building 2 11,100 SF Land size is AC (100,580 +/- SF) Built in 06 Easily accessible to I-35 and Hwy 77 Parking: 36 Total: o 33 Regular Spots o 3 Handicap Spots Individual store front entries Loading area behind building 10 grade level loading doors 18 clear height Concrete parking and driveway area Pylon and building signage available Security lighting Zoning: Light Industrial (LI-1) 16 Assessed Value: o Land $553,670 o Bldgs $658,9 o Total $1,212,590

4 OVERVIEW Waxahachie is the Crossroads of Texas. Conveniently situated at the intersection of Interstate 35 and Highway 287, this prime location is less than 35 minutes to Downtown Dallas to the north, less than 60 minutes to Waco and the Texas Hill Country to the south, 18 miles to I-45 and the Piney Woods to the East, and 45 minutes to Downtown Fort Worth to the west. Over 80,000 vehicles travel through this intersection every day, making Waxahachie an ideal location for a variety of business and industry. Medical, manufacturing, technology, retail and many other businesses continue to choose Waxahachie as their home. Waxahachie s strategic location at Interstate 35E and US Highway 287 provides you with immediate access to the Dallas Fort Worth Metroplex and the state s vast marketplace, plus Mid-Way Regional Airport allows for easy air travel for most corporate jets. Highlights Population surrounding the property in 30 miles is approximately 2,678,387 people Waxahachie s unemployment rate is 3.0% compared to the state of Texas unemployment rate which is 4.2% Ellis County unemployment rate was 3.4% in April 16, 1.3% lower than the national average In a 15-mile radius of the property, the average household income is estimated at $69,002 for the current year City of Waxahachie has a AA- credit rating from Standard and Poors and Aa3 by Moody s Investors Service TOP EMPLOYERS IN THE AREA WILL MERRITT DIR: MOB: will.merritt@colliers.com ANDREW HARRIS DIR: MOB: andrew.harris@colliers.com COLLIERS INTERNATIONAL 1717 McKinney Avenue, Suite 900 Dallas, TX This document/ has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s). All rights reserved.

5 Colliers International North Texas, LLC (214) Steve Everbach (214) Steve Everbach (214) Andrew Harris (214) Will Merritt (214)