For Sale
$4,615,000
700 Kilgore DrHenderson, TX 75652
- Added:
- Dec 11, 2024
- Days on market:
- 122
Highlights
- Below-market rent with a significant upcoming rent increase. Builders FirstSource currently pays $5.29 PSF, well below market rates, with a 20% rent increase projected, boosting investor returns/cap rate by 130 basis points (from 6.50% to 7.80% in 2027).
- Highly functional, low-coverage (8.93%) industrial facility. This 56,739 SF facility sits on 14.58 acres, offering substantial industrial outdoor storage (IOS) capacity, a highly desirable asset class. Builders FirstSource uses it for truss production and corporate operations.
- Strong corporate guarantee from Fortune 250 company. Builders FirstSource (NYSE: BLDR) is the nation's largest structural building products supplier, with over 570 locations across 43 states. Its market cap is approximately $18B, and 2023 annual revenue was approximately $17B.
- Strategic Texas location in an income tax-free state. The property enjoys excellent access to five major highways ("The Star") in Henderson, East Texas, ideal for industrial operations. Texas's income tax-free status is an added benefit.
Property Details for 700 Kilgore Dr
- Property type
- Industrial properties, Distribution centers
- Square Feet
- 56,739 SF
- Year Built/Renovated
- 2001/2005
- Lot Size (sq. ft)
- 635,105 SF
Location Insight
- City
- Henderson
- County
- Rusk
- State
- Texas
- Latitude
- 32.1798372
- Longitude
- -94.7918974
700 Kilgore Dr, Henderson, Texas
Nearby Similar for Sale
FAQs
- Where is the industrial property located?
- The property is located at 700 Kilgore Dr Henderson, TX.
- What is the asking price?
- The asking price for this property is $4,615,000.
- What are key features of this property?
- This property features: Below-market rent with a significant upcoming rent increase. Builders FirstSource currently pays $5.29 PSF, well below market rates, with a 20% rent increase projected, boosting investor returns/cap rate by 130 basis points (from 6.50% to 7.80% in 2027).; Highly functional, low-coverage (8.93%) industrial facility. This 56,739 SF facility sits on 14.58 acres, offering substantial industrial outdoor storage (IOS) capacity, a highly desirable asset class. Builders FirstSource uses it for truss production and corporate operations.; Strong corporate guarantee from Fortune 250 company. Builders FirstSource (NYSE: BLDR) is the nation's largest structural building products supplier, with over 570 locations across 43 states. Its market cap is approximately $18B, and 2023 annual revenue was approximately $17B.
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