Investment Overview

The subject property is a single-tenant industrial asset that spans 17,472 square feet and is situated on a 1.76-acre site. This industrial property features metal construction and has a clear height of 16 feet, which provides ample space for various industrial operations. The property also boasts four grade-level doors, allowing for easy access and maneuverability. Additionally, there are 26 parking spaces available, providing sufficient room for employees and visitors. The property's design and layout make it an ideal location for industrial and manufacturing activities. The metal construction of the property also ensures durability and low maintenance costs. The overall design of the property is functional and efficient. The property is currently leased to Borderline Fitness Supply LLC, a wholesale provider of quality used gym equipment. The lease is a short-term NNN lease that expires in April 2027, with a below-market rent of $7.50 per square foot. This presents a value-add investment opportunity for potential buyers, as the rent is lower than the current market rate. The lease structure allows the tenant to handle all property expenses, including maintenance and repairs, providing a relatively low-risk investment for the property owner. The property is strategically located less than one mile from the Tomball Tollway (Texas State Highway 249) service road, providing easy access to major transportation routes. This location allows for convenient travel to and from the property, with a 38-minute drive to downtown Houston. The property's proximity to major highways and transportation routes makes it an ideal location for businesses that require easy access to transportation infrastructure. The location also provides opportunities for future growth and development, with the potential for increased property values and rental income.