500 Austin AveHenderson, TX 75652

For Sale
$3,975,000

65,000 SF Net Lease; Strong Corporate Tenant

Overview

Added:
Dec 11, 2024
Days on market:
93
This ±65,000 square foot industrial distribution facility, located at 500 Austin Ave, Henderson, TX 75652, presents a compelling investment opportunity. Built in 1990 and renovated in 2015, the property sits on a 9.49-acre lot and boasts a 100% occupancy rate with a new five-year net lease to Builders FirstSource (NYSE: BLDR), a Fortune 250 company. The lease commenced April 1, 2024, and expires March 31, 2029, featuring favorable CPI rent increases. The asking price is $3,975,000, representing a $61.15 per square foot price and a 6.25% cap rate, with a current NOI of $248,400. The property's strategic location in East Texas, at the intersection of five major highways, provides excellent access for distribution operations. The low coverage ratio (15.73%) allows for significant outdoor storage capabilities. This offering provides a secure investment with a strong corporate guarantee and below-market rent. The property's location in Texas offers the added benefit of no state income tax. The lease includes options for a five-year extension with CPI increases capped at 20%. The property's APN is 49432.

Highlights

  • New 5-year lease with Builders FirstSource for a ±65,000 SF industrial distribution facility.
  • Below-market rent of $3.82 PSF, offering an attractive purchase price of $61 PSF.
  • Strong corporate guarantee from Fortune 250 company, Builders FirstSource (NYSE: BLDR).
  • Strategically located in East Texas with excellent highway access and no state income tax.

Property Details for 500 Austin Ave

Property type
Other industrial properties, Distribution properties
Square Feet
65,000 SF
Year Built/Renovated
1990/2015
Lot Size (sq. ft)
413,384 SF

Location Insight

City
Henderson
County
Rusk
State
Texas
Latitude
32.1773331
Longitude
-94.8084715
500 Austin Ave, Henderson, Texas

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
500 Austin Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message