Duong Investment Group
In Escrow

SiteOne – Brand New 10-Year Lease | Rare 2.5% Annual Increases

3008 E. Interstate 30, Dallas MSA (Fate), TX 75087

Property Description

Price: $3,105,000
Price Per/SF: $313
Cap Rate: 5.25%
Gross Leasable Area: ±9,920 SF
Year Built: 1994

Investment Highlights

Brand New 10-Year Lease

Landlord and Tenant Performing Over $1,200,000 in Property Improvements – Please Contact Agent for More Details

Rare 2.5% Annual Increases

Industrial Property in Excellent Condition

  • Large 2 Acre Lot Allowing for Expansion in the Future
  • Located on Interstate 30 with a Traffic Counts Exceeding 72,000 CPD, Which Provides for Great Exposure to the Marketplace
  • Interstate 30 Connects the Property to Dallas/Fort Worth and is Currently Undergoing a Major Highway Widening – Following Completion of the Project, I-30 Will Double in Size for a Total of 8 Lanes – For More Information, Please Visit: https://www.bgeinc.com/projects/i-30-dallas-and-rockwall-counties/
  • Close Proximity to a Brand New Highway Intersection at Rochelle Road, Creating Easier Access to the Subject Property from Interstate 30
  • Double Net Industrial Property – Minimal Landlord Responsibilities, Which is Ideal for an Investor not Local to the Market

Strong Corporate Guarantee

  • Double Net Industrial Property – Minimal Landlord Responsibilities, Which is Ideal for an Investor not Local to the Market
  • Over 590 Locations in North America
  • SiteOne Landscape Supply is a Publicly Traded Company (NASDAQ: SITE) with Revenue in Excess of $3.5 Billion
  • Net Sales Increased Over 29% in 2021 from 2020
  • Gross Profit Increased Over 35% in 2021 from 2020
  • S&P Rating of BB Positive and Moody’s Rating of BA3

Pride of Ownership Property in Dallas MSA

  • Dense, Infill Area with Over 76,000 Residents within 5 Miles of the Subject Property
  • Affluent Area with an Average Household Income Over $135,000 within 5 Miles of the Subject Property
  • Rockwall County Ranks as One of the Primary U.S. Metro Counties with the Most Growth in New Housing Units, Having Grown 37% from 2010 to 2020
  • Located in a Industrial Area with other National Brands such as Pratt Industries, Atosa USA, Sunbelt Rentals, Sara Lee, American Bobtail, and Many More within Close Proximity to the Subject Property

Contact Information

Craig Elster
Vice President Investments
Director, Net Leased Properties Group
(949) 419-3223
craig.elster@marcusmillichap.com
License: CA 01958307

Ron Duong
Senior Managing Director Investments
Senior Director, National Retail Group
(949) 419-3233
ron.duong@marcusmillichap.com
License: CA 01438643