Millsap, TX - GEODynamics Industrial

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, GEODynamics investment property located in Millsap, Texas. GEODynamics is a subsidiary of Oil States International, Inc (NYSE: OIS), which has a market cap of over $300 million. The tenant, GEODynamics has over 5 years of term remaining with 4 (5-year) or 2 (10-year) options to extend, demonstrating their commitment to the site. The office lease features 1.5% annual rental increases and the warehouse lease has 1% annual increases throughout the initial term and both leases have FMV rental increases at the beginning each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.

• The subject property benefits from significant frontage and multiple ingress/egress points on Interstate 20, which sees over 32,900 vehicles pass daily
• The site is located less than an hours drive from downtown Fort Worth, which has a population of over 978,000 residents