Net Leased Property - High Yield

Highlights:

• Strong In-Place Income: $44,400 NOI with attractive 12.69% CAP Rate
• Established Tenant: Spartan Specialty Companies LLC - a La Porte-based company with 25+ years of operating history
• Tenant Commitment: Recently renewed 3-year lease term
• Favorable Lease Structure: NNN with tenant responsible for utilities, HVAC service and most maintenance
• Functional Layout: Retail showroom, office space, warehouse with overhead door and yard area
• Prime Visibility: Direct frontage on Hwy 77 with 24,700+ VPD per TxDOT
• Regional Growth Story: Located near Calallen and Sinton with 17,000+ households within 10 miles and economic expansion driven by Steel Dynamics

Description:

High yield net leased property.
Recently renewed 3 year lease.

1016 Voss Ave presents a standout opportunity to acquire a fully leased, income-producing industrial asset offering immediate cash flow and strong investment upside in the growing Odem market. With a 12.69% cap rate and $44,400 in annual NOI, this property delivers compelling returns backed by stable tenancy and a highly visible location along Highway 77, where traffic counts exceed 24,700 vehicles per day per TxDOT. The 5,374 SF building sits on 0.53 acres and is leased to Spartan Specialty Companies, a La Porte-based firm with more than 25 years of experience providing advanced industrial cleaning services along the Texas coast. A recent three-year lease renewal reinforces the tenant’s long-term commitment and provides investors with near-term income security from day one.

Structured as a NNN lease, the investment offers minimal landlord responsibilities, with the tenant covering utilities, HVAC service and most maintenance and repair obligations. Originally built in 1979 and later remodeled, the property includes a retail showroom, private offices, rear warehouse space with one drive-in overhead door, a storage yard and two restrooms. Previously operated as a flooring and kitchen/bath remodeling discount warehouse, the layout supports a wide range of industrial or trade-related uses. Positioned near Calallen and Sinton and strengthened by regional growth tied to the Steel Dynamics campus, this asset combines strong yield, dependable tenancy and long-term market momentum in a high-demand coastal Texas corridor.

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