685 Corgey RdPleasanton, TX 78064

For Sale
$1,695,000

10,200 SF Warehouse, 10.26% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a 10,200-square-foot warehouse situated on approximately 3.5 acres in Pleasanton, Texas. The property, located at 685 Corgey Road, 78064, is a single-tenant building constructed in 2014 as a pre-fabricated metal structure. Currently leased to Falcon View Energy Products, LLC, under an Absolute NNN lease with a corporate guarantee and a $100,000 security deposit/letter of credit, the lease has approximately 2.5 years remaining, expiring December 30, 2026. There are no renewal options. The property boasts a stabilized and fenced lot, offering significant potential for long-term income generation. Offered at $1,695,000, this property presents a compelling 10.26% cap rate. This is a rare opportunity to acquire a well-maintained, single-tenant industrial property in a desirable location with a strong tenant in place. The property is for sale by owner. All information is deemed reliable but not guaranteed.

Highlights

  • 10,200 SF building on a ±3.5-acre lot.
  • Stabilized, fenced site with a pre-fabricated metal building constructed in 2014.
  • Approximately 2.5 years remaining on the lease, expiring 12/31/2026.
  • Tenant: Falcon View Energy Products, LLC, secured by a $100,000 letter of credit.
  • NNN lease with no renewal options.
  • Offered at $1,695,000, representing a 10.26% cap rate.

Property Details for 685 Corgey Rd

Property type
Other warehouses, Other industrial properties
Square Feet
10,200 SF
Year Built
2014
Lot Size (sq. ft)
152,460 SF
Units
1

Location Insight

City
Pleasanton
County
Atascosa
State
Texas
Latitude
28.97728316
Longitude
-98.4458207
685 Corgey Rd, Pleasanton, Texas

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685 Corgey Rd
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