About This Home
Main Highlights
Bed
Baths
16,018 SqFt
This flex industrial building is located adjacent to the I-10 and 202 loop. Currently a 100% leased NNN lease with three tenants. Tenants pay premium rents because of the nature of the business thei
r in, medical cannabis. First tenant has 15 years left on their lease with options for an additional 20 years. First tenant has a corporate guarantee in place. Second tenants lease ends at 2035, but also has options for an additional 5 years. Second tenant has a personal guarantee. Third tenants lease ends at 2035, but also has options for an additional 5 years. Third tenant has a corporate guarantee. Each lease has 3% annual increases. 12 month NOI +/- $1,051,476. NNN 100+ parking spots. 1031 Friendly.
Snapshot
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