375 I-45Fairfield, TX 75840

Property Details for 375 I-45

Year built

2005

Lot size

4.00 AC

Property size (Sq ft)

14,800 SF

Property type

Warehouses

Property subtype

Industrial properties

Description

This exceptional 14,800-square-foot industrial property, situated on a four-acre lot in Fairfield, Texas, presents a compelling investment opportunity. The Class B building, constructed in 2005 and boasting a 14-foot ceiling height, is currently 100% occupied by a single tenant under a five-year gross lease commencing November 1, 2024, and expiring October 31, 2029. The lease includes a five-year option. The property features a strong 9.54% cap rate, generating a net operating income (NOI) of $133,500. The asking price is $1,400,000, translating to a price per square foot of $94.59. Located at 375 I-45, with approximately 360 feet of highway frontage, this property benefits from its strategic position between the Dallas/Fort Worth and Houston metro areas, providing significant visibility and accessibility. The property is zoned for commercial use and includes two buildings on a single story. The sale includes a sale-leaseback option, allowing the current owner to remain as a long-term tenant. The lease includes upfront rent for the first six months. There are no loading docks. The property's APN is 54080. This is a rare opportunity to acquire a high-performing industrial asset with immediate cash flow and significant upside potential. The property can be purchased with or without the tenant in place.

Location Insight

City

Fairfield

County

Freestone

State

Texas

Latitude

31.7604

Longitude

-96.2107

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