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7 7 4 9 I H 3 7 A N D 7 7 5 3 I H 3 7C O R P U S C H R I S T I , T X 7 8 4 0 9
NET LEASED INDUSTRIALFLEETPRIDE | UNITED RENTALS S A L E P R I C E :
$12,600,0008% CAP RATE
MATTHEW CRAVEY
361.221.1915
The information contained herein has been given to us by the owner ofthe property or other sources we deem reliable. We have no reason todoubt its accuracy, but we do not guarantee it. All information should beverified prior to purchase or lease.
The information contained herein has been given to us by the owner of the property or other sources we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. All information should be verified prior to purchase or lease.
MATTHEW [email protected]
LOCATION OVERVIEW
With frontage on I-37 frontage road, Hunter road and Beardendrive, this property has easy access and is centrally located forall industrial users. Refineries and other service industrybusinesses are in the general area.
LEASE OVERVIEW
Tenant FleetPride United Rentals
Building SF: 80,000 SF (including awnings) 15,000 SF
Lot Size: 10.04 Acres 4.344 Acres
Current Rent: $61,266.98/Month $23,284.04/Month
Lease Term: 10 years, 8 remaining 10 years, 4 remaining
Options: None 2, 5-Year
PROPERTY OVERVIEW
Property consists of four buildings which are all leased toFleetPride (3) and United Rentals (1). The buildings total95,000 SF (including awnings). The buildings are
pre-engineered structures with metal exterior wall panels. Theproperty is approximately 14.348 acres with frontage on I-37frontage road, Hunter road, and Bearden drive. These buildingsare very accessible and visible from IH-37.
HIGHLIGHTS
• 3% Annual Rent Increases
• Sale Price: $12,600,000 - 8% Cap Rate
• Great location, accessibility, and direct frontage
F O R S A L E
F L E E T P R I D E | U N I T E D R E N TA L S
N E T L E A S E D I N D U S T R I A L | 7 7 4 9 I H 3 7 A N D 7 7 5 3 I H 3 7
The information contained herein has been given to us by the owner of the property or other sources we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. All information should be verified prior to purchase or lease.
MATTHEW [email protected]
OFFERING SUMMARY
Sale Price: 12,600,000
Lot Size: 9.13 Acres
Total FleetPride SF: 80,000 SF
Awning SF: 11,720 SF
Building #1: 8,000 SF-
Office/Showroom
20,000 SF-
Warehouse
30,000 SF-
Shop
Building #2: 8,000 SF-
Specialized Truck Wash
Building #3: 3,280 SF-
Warehouse
Year Built: 2000
PROPERTY OVERVIEW
FleetPride is the largest independent distributor of heavy-duty truck andtrailer parts in the U.S. Additionally, the company has a nationwide network ofheavy-duty repair and maintenance facilities called FleetCare. FleetPride,together with FleetCare, offers over 490 locations in 45 states.
TPG Capital, L.P. acquired FleetPride, Inc. in 2012. The firm manages fundsspecializing in private equity, venture capital, public equity, and debtinvestments. TPG's holdings include US Airways,Petco,J.Crew,Hotwire, DelMonte Food Co., and many others. TPG Capital, L.P. was founded in 1992 and isbased in Forth Worth, Texas with additional offices in Europe, Asia, Australia,and North America.
PROPERTY HIGHLIGHTS
• 3 % Annual Rent Increases
• Lease Expires Feb. 28, 2026
• Great location, accessibility and direct frontage.
F O R S A L E
E X E C U T I V E S U M M A R Y - F L E E T P R I D E
N E T L E A S E D I N D U S T R I A L | 7 7 4 9 I H 3 7 A N D 7 7 5 3 I H 3 7
The information contained herein has been given to us by the owner of the property or other sources we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. All information should be verified prior to purchase or lease.
MATTHEW [email protected]
OFFERING SUMMARY
Building Size: 15,000 SF
Year Built: 2011
Lot Size: 4.344 Acres
PROPERTY OVERVIEW
Founded in 1997, United Rentals is the largest equipment rental company inthe world, with an integrated network of 1,000+ rental locations in 49 statesand 10 Canadian provinces, and $11.6 billion OEC of rental fleet including3,300 classes of equipment.
PROPERTY HIGHLIGHTS
• Two (2), Five (5) Year Options
• 3% Annual Rent Increases
• Lease Expires Jan. 31, 2022
F O R S A L E
E X E C U T I V E S U M M A R Y - U N I T E D R E N TA L S
N E T L E A S E D I N D U S T R I A L | 7 7 4 9 I H 3 7 A N D 7 7 5 3 I H 3 7
The information contained herein has been given to us by the owner of the property or other sources we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. All information should be verified prior to purchase or lease.
MATTHEW [email protected]
FLEETPRIDE• Commencement Date: March 1, 2016
• Lease Expiration: February 28, 2026
• 3% Annual Increases
• No Renewal Options
Yrs. Remaining Monthly Rent Annual Rent
Year 3 $61,266.98 $735,203.52
Year 4 $63,104.97 $757,259.64
Year 5 $64,998.12 $779,977.44
Year 6 $66,948.06 $803,376.72
Year 7 $68,956.50 $827,478.00
Year 8 $71,025.20 $852,602.40
Year 9 $73,155.96 $877,871.52
Year 10 $75,350.64 $904,207.68
UNITED RENTALS• Commencement Date: February 1, 2012
• Lease Expiration: January 31, 2022
• 3% Annual Increases
• Two (2), Five (5) Year Options
Yrs. Remaining Monthly Rent Annual Rent
Year 7 $23,284.04 $279,408.36
Year 8 $23,982.55 $287,790.60
Year 9 $24,702.03 $296,424.36
Year 10 $25,443.09 $305,317.08
F O R S A L E
R E N T S C H E D U L E
N E T L E A S E D I N D U S T R I A L | 7 7 4 9 I H 3 7 A N D 7 7 5 3 I H 3 7
The information contained herein has been given to us by the owner of the property or other sources we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. All information should be verified prior to purchase or lease.
MATTHEW [email protected]
Tenant URI FleetPride Total
Monthly Rent $23,284.04 $61,266.98 $84,551.02
Yearly $279,408.48 $735,206.76 $1,014,612.24
Mowing Cost/Yearly -$4,800.00 -$9,600.00 -$14,400.00
Mowing Reimbursement $7,200.00 $0.00 $7,200.00
Total $281,808,.48 $725,603.76 $1,007,412.24
F O R S A L E
U N I T E D R E N TA L S ( U R I ) A N D F L E E T P R I D E - 2 0 1 8
N E T L E A S E D I N D U S T R I A L | 7 7 4 9 I H 3 7 A N D 7 7 5 3 I H 3 7
The information contained herein has been given to us by the owner of the property or other sources we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. All information should be verified prior to purchase or lease.
MATTHEW [email protected]
F O R S A L E
S U R V E Y P L AT
N E T L E A S E D I N D U S T R I A L | 7 7 4 9 I H 3 7 A N D 7 7 5 3 I H 3 7
The information contained herein has been given to us by the owner of the property or other sources we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. All information should be verified prior to purchase or lease.
MATTHEW [email protected]
F O R S A L E
F L E E T P R I D E
N E T L E A S E D I N D U S T R I A L | 7 7 4 9 I H 3 7 A N D 7 7 5 3 I H 3 7
The information contained herein has been given to us by the owner of the property or other sources we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. All information should be verified prior to purchase or lease.
MATTHEW [email protected]
F O R S A L E
F L E E T P R I D E
N E T L E A S E D I N D U S T R I A L | 7 7 4 9 I H 3 7 A N D 7 7 5 3 I H 3 7
The information contained herein has been given to us by the owner of the property or other sources we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. All information should be verified prior to purchase or lease.
MATTHEW [email protected]
F O R S A L E
F L E E T P R I D E
N E T L E A S E D I N D U S T R I A L | 7 7 4 9 I H 3 7 A N D 7 7 5 3 I H 3 7
The information contained herein has been given to us by the owner of the property or other sources we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. All information should be verified prior to purchase or lease.
MATTHEW [email protected]
F O R S A L E
F L E E T P R I D E
N E T L E A S E D I N D U S T R I A L | 7 7 4 9 I H 3 7 A N D 7 7 5 3 I H 3 7
The information contained herein has been given to us by the owner of the property or other sources we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. All information should be verified prior to purchase or lease.
MATTHEW [email protected]
F O R S A L E
A E R I A L M A P
N E T L E A S E D I N D U S T R I A L | 7 7 4 9 I H 3 7 A N D 7 7 5 3 I H 3 7
The information contained herein has been given to us by the owner of the property or other sources we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. All information should be verified prior to purchase or lease.
MATTHEW [email protected]
F O R S A L E
A E R I A L M A P
N E T L E A S E D I N D U S T R I A L | 7 7 4 9 I H 3 7 A N D 7 7 5 3 I H 3 7
The information contained herein has been given to us by the owner of the property or other sources we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. All information should be verified prior to purchase or lease.
MATTHEW [email protected]
F O R S A L E
LO C AT I O N M A P S
N E T L E A S E D I N D U S T R I A L | 7 7 4 9 I H 3 7 A N D 7 7 5 3 I H 3 7
Cravey Real Estate Services, Inc. 0409080 [email protected] 361.289.5168
Cravey Real Estate Services, Inc. 0203443 [email protected]
Matthew Cravey 0203443 [email protected]
Matthew Cravey 203443 [email protected] 361.221.1915
