340 Industrial Park Dr, Fairfield, Texas 75840
- Cap Rate:
DuWest is pleased to offer for sale a single-tenant, newly constructed industrial office and warehouse leased to Windstream Communications. Built in 2014, the building is 6,662 square feet and is situated on 4.35 acres (189,486 sf) of land in Fairfield, Texas with excellent access to Interstate 45.
Windstream Holdings, Inc., a Fortune 500 company, is one of the largest providers of telecommunications services in rural communities in the United States. As Windstream’s central office for the state of Texas, this location is supplies fiber optic cables and manpower for its service and infrastructure buildout throughout the state. With a Year 1 Net Operating Income of $86,484, the NN lease terms allow for minimal landlord responsibilities, who is responsible for maintaining the site’s roof, structure, and parking lot. No roof leaks have been reported since tenant has taken occupancy.
Favorable lease terms provide long-term stable income with annual 2.25% rent growth throughout the remaining 8 years of the initial term and during the 5-year option period. The building is situated within the Fairfield Industrial Park and is centrally located between Dallas, Houston, and Austin. Industrial Park tenants include Baker Hughes, Exterran, Norwesco, Chris Christensen Systems, and Green Energy Oilfield Services. Windstream and the surrounding tenants utilize the benefits of this strategic position along Interstate 45, the state’s primary artery connecting North Texas to the Gulf Coast. This property is an excellent fit for a 1031 trade buyer in search of an attractive yield with a secure outlook.Download Flyer