INVESTMENT HIGHLIGHTS
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New Construction / Low-Coverage Property – This brand-new development industrial, completed in 2022, sits on over 10.25 acres of land (3% building/lot coverage).
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Strong Corporate Tenant – “WillScot” – WillScot and Mobile Mini recently merged in 2020 and is now North America’s leader in turnkey modular space and storage solutions. WillScot Mobile Mini Solutions has over 4,000 employees and 360,000 units for all industry types across ± 300 locations nationwide with WillScot making up roughly 120 of those total locations. WillScot Mobile Mini Holdings Corp (Nasdaq: WSC) has a market cap of $7.29 billion.
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Long-Term Absolute NNN Lease / Rare Annual Increases – WillScot has signed a 10-year ABSOLUTE NNN Lease with 2% annual rent increases through the initial and option terms
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Strategic Location – WillScot is strategically located near Hwy 96 and Hwy 93 in an industrial corridor with other national tenants such as United Rentals and ABC Supply. The subject property is also located 5 miles from Jack Brooks Regional Airport which serves Southeast Texas and is ±60 miles from Houston, TX.
Broker of Record
- Kyle Matthews
- License No. 9005919 (TX)
- (866) 889-0550
- Matthews Retail Group, Inc.
- 2321 Rosecrans Ave.,
Suite 1225, El Segundo, CA 90245