Rain For Rent – Single Tenant NNN

932 Brockman St, Clute, TX 77521

Property Description

Price: $841,000
Price Per/SF: $146.26
Land Area: ±1.02 Acres
Cap Rate: 7.85%
Gross Leasable Area: ±5,750 Square Feet
Year Built: 1975

Investment Highlights

Rain for Rent is a Highly Respected Industrial Tenant, Operating 65+ Locations Across North America

5-Year Lease with No Options to Renew – Allows for Value-Add Potential for Future Landlord to Negotiate New Lease with the Tenant

Situated at a Strategic Highway Junction Served by TX-332, TX-36, and the Nolan Ryan Expressway (Hwy 288), with Combined Traffic Counts Exceeding 69,000 Vehicles Per Day

E-Commerce & Recession-Resilient: Tenant’s Business Model Is Well-Suited to Thrive in Various Economic Conditions

Located within 1-Mile from Dow Chemical Company: Operating the Largest Integrated Chemical Manufacturing Plant in the United States

Deepwater Port: Located on the Gulf of America Provides Access for Large-Scale Industrial Operations and Shipping

Investor-Friendly: This NNN Industrial Property Offers Minimal Landlord Responsibilities, Making It Ideal for Out-Of-Market Investors

Prime Industrial Location: Situated In a Dense Industrial Area Surrounded by National Brands, Including Air Liquide America, Phillips 66, Braskem, Among Others, All In Close Proximity To The Subject Property

 

Broker of Record: Tim Speck – License #9002994 – 5001 Spring Valley Road, Suite 1100W, Dallas, TX 75244

 

 

Contact Information

Craig Elster
Senior Director Investments
(949) 419-3223
[email protected]
License: CA 01958307

Ron Duong
Ron Duong
Senior Managing Director Investments
(949) 419-3233
[email protected]
License: CA 01438643

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