Overview

Description

An excellent opportunity to invest in industrial land, while still collecting income. One of the few industrial zoned rural properties in the area. This 15 acre parcel is level and graded, fenced and improved for access. Water, sewer and electricity is available within a short distance from the property. This property is leased for at least the next four years to a high BB+ Rated tenant using it as a staging yard for contracts in the area. The income is in the form of annual payments, with a 6% annual rent increase, garnering a 7% CAP rate on the investment.

This property is located approximately 600 ft south of US95, directly by the Creech Airforce Base entry gate, directly east of the community of Indian Springs. The property is primarily accessed via East Boulder Lane, a community access road, paved all the way from Indian Springs to the edge of the subject parcel. This property is part of the eastern outskirts of the community.

Highlights

• 7% CAP Rate on Existing Income
• Collect Income while holding Industrial Land
• Future Development Opportunity
• 6% Annual Lease Rate Increases
• Lease Expires 2027 with Options to 2030

Documents

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