700 Kilgore DrHenderson, TX 75652

For Sale
$4,615,000
Added:
Dec 11, 2024
Days on market:
93

Highlights

  • Below-market rent with a significant upcoming rent increase. Builders FirstSource currently pays $5.29 PSF, well below market rates, with a 20% rent increase projected, boosting investor returns/cap rate by 130 basis points (from 6.50% to 7.80% in 2027).
  • Highly functional, low-coverage (8.93%) industrial facility. This 56,739 SF facility sits on 14.58 acres, offering substantial industrial outdoor storage (IOS) capacity, a highly desirable asset class. Builders FirstSource uses it for truss production and corporate operations.
  • Strong corporate guarantee from Fortune 250 company. Builders FirstSource (NYSE: BLDR) is the nation's largest structural building products supplier, with over 570 locations across 43 states. Its market cap is approximately $18B, and 2023 annual revenue was approximately $17B.
  • Strategic Texas location in an income tax-free state. The property enjoys excellent access to five major highways ("The Star") in Henderson, East Texas, ideal for industrial operations. Texas's income tax-free status is an added benefit.

Property Details for 700 Kilgore Dr

Property type
Other industrial properties, Distribution properties
Square Feet
56,739 SF
Year Built/Renovated
2001/2005
Lot Size (sq. ft)
635,105 SF

Location Insight

City
Henderson
County
Rusk
State
Texas
Latitude
32.1798372
Longitude
-94.7918974
700 Kilgore Dr, Henderson, Texas

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700 Kilgore Dr
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