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ABC Supply Co.
26640 Franz Rd., Katy, Texas
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Investment Highlights
- FOR SALE: $10,942,895
- New NNN Lease has an initial term of fifteen (15) years with two additional 5 year renewal options
- No Landlord responsibilities, allowing for an extremely passive net lease investment
- Attractive 1.5% annual rent increases starting in year 3 of the initial term and in each renewal
- Building will be tilt wall with rent commencement in June 2017
- ABC Supply Co., Inc. was established in 1982 and has grown to be a $6 billion enterprise
- S&P Rating: BB (stable)
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CBRE’s Net Lease Property Group, as exclusive advisor to Ownership, is pleased to present the exceptional opportunity to acquire a NNN leased industrial facility with ABC Supply Co., Inc. as the tenant. The free-standing property is located along Franz Road in Katy, Texas. The Property has a highly coveted location in one of the fastest-growing areas in Houston with access to an expanded trade area with more than 248,985 residents in a five mile radius.
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