- The tenant recently signed a brand new 20-year lease with 5 (5-year) options to extend, demonstrating their long-term commitment to the site
- The lease features 8% rental increases every 5 years during the initial term and at the beginning of each option period, growing NOI and hedging against inflation
- The newly-constructed building features a state-of-the-art design with high-quality materials
Investment Offering
College Station, TX - Texas Born
3071 University E | College Station, TX 77845
$8,720,000
Price6.25%
Cap Rate$545,000
NOI6,400
± SF Offering GLA1.79
± AC Land AreaDescription
Location
- The asset is located just 3-miles of Texas A&M University, with a student population that exceeds 74,000 individuals
- Texas Born is strategically located in front of three hotels; a Hilton Garden, Candlewood Suites & Holiday Inn which will increase the assets consumer draw
- Veterans Park & Athletic Complex is positioned directly across from Texas Born and is a premier venue for local, regional and national tournaments, featuring 13 multi-purpose fields
- Amenities at the sporting complex include fields, batting cages, playgrounds and more
Contact
Patrick Nutt
Sr Managing Principal & Co-Head of National Net Lease
954.302.7365954.302.7365[email protected]FL #: BK3120739