airgas - absolute net lease€¦ · airgas - absolute net lease 3601 scr 1293, odessa, tx 79765 ......

JUSTIN DODDJUSTIN [email protected]

JOHN W. B. MCDANIEL, SIORJOHN W. B. MCDANIEL, [email protected]

NRG Realty Group • 511 Diamond Point Drive • Oak Point, TX 75068-2257 • 214.432.7930 • nrgrealtygroup.comNRG Realty Group • 511 Diamond Point Drive • Oak Point, TX 75068-2257 • 214.432.7930 • nrgrealtygroup.com

AIRGAS - ABSOLUTE NET LEASE3601 SCR 1293, Odessa, TX 79765

FOR SALE | INDUSTRIAL SPACE

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made to the accuracy thereof and same issubmitted to errors, omissions, change of price, rental or other conditions prior to sale, lease or financing or withdrawal without notice. No liability of any kind is to be imposed on thebroker herein.




OFFERING SUMMARYOFFERING SUMMARY

Sale Price: $1,250,000

NOI: $121,200

Cap Rate: 9.70%

Lot Size: 4.88 Acres

Building Size: 19,350

Zoning: None

Price / SF: $64.60

NRG Realty Group, LLC has been selected to exclusively market for sale thisAbsolute Net Leased facility in Odessa, Texas. The facility is 19,350 SF on 4.8acres and is currently leased to Airgas USA and along with a subsidiaryentity of Airgas that was formed when Airgas acquired the assets of theprevious tenant. Airgas, an Air Liquide company, is the nations leadingsingle-source supplier of gases, welding equipment and supplies, andsafety products.

PROPERTY OVERVIEWPROPERTY OVERVIEW

The Property is located in the east of Odessa, on South County Road 1293between the Old Bankhead Highway and Business 20. Being just west ofFM 1788 places this property in a prime geographical area with convenientaccess to FM 1788, Interstate 20, Highway 80 and the MIdland InternationalAirport.

LOCATION OVERVIEWLOCATION OVERVIEW


E X E C U T I V E S U M M A RY




SALE HIGHLIGHTSSALE HIGHLIGHTS• Tenants: Airgas USA, LLC & Airgas Priority Nitrogen, LLC

• National Credit Tenant

• Two Separate Leases - New owner could negotiate

combining to one form

• Term Expiration: 3/31/2025 & 6/30/2020

• Absolute Net - No LL obligation

• CPI Increases

• $545,000 lease consideration as of 1/1/18 remaining

• Tenant investing in improvements to the property to

support their business

• Below market rents!


CO M P L E T E H I G H L I G H T S




TENANTTENANTNAMENAME

UNITUNITNUMBERNUMBER

UNITUNITSIZESIZE(SF)(SF)

LEASELEASESTARTSTART

LEASELEASEENDEND

ANNUALANNUALRENTRENT

% OF% OFBUILDINGBUILDING

PRICEPRICEPERPER

SF/YRSF/YR

Airgas Priority

Nitrogen, LLC

A 4,000 7/20/15 3/31/2025 $49,200 20.67 $12.30

Airgas USA, LLC B 15,350 6/1/2017 5/31/20 $72,000 79.33 $4.69

Totals/Averages 19,350 $121,200 $6.26


R E N T R O L L

Airgas, an Air Liquide company, is the nation's leading single-source supplier of gases, welding equipment and supplies, and safety products.

With more than one million customers, Airgas excels at providing customers, large and small, with the following:

Industrial, medical and specialty gasesWelding equipment and suppliesSafety productsAtmospheric gasesCarbon DioxideDry IceNitrous OxideRefrigerantsAmmoniaProcess Chemicals 18,000 Strong & GrowingFounded in 1982 and acquired by Air Liquide in 2016, Airgas has long been defined by its entrepreneurial spirit. Our diverse company is powered by 18,000 hard-working men and women, dedicated to customer success in the following industries:

Manufacturing and metal fabricationNon-residential construction (energy and infrastructure)Energy and chemicals (upstream, midstream and downstream)Life sciences and healthcareFood, beverage and retail servicesMaterials and powerGovernment, defense and aerospace

Known Locally NationwideThrough more than 450 acquisitions and internal growth, Airgas has established a national footprint with locations across the U.S., bolstered by the global presence of our parent company, Air Liquide. Headquartered in Radnor, Pennsylvania, the Airgas network is comprised of more than 950 retail locations as well as cylinder fill plants, gas production facilities, specialty gas laboratories and regional distribution centers.

When a challenge arises, Airgas delivers with the right mix of gases, welding and safety products, and unbeatable expertise—all in one place.

SOURCE: http://www.airgas.com/company

The Tenant:





A E R I A L M A P





L OC AT I O N M A P S




POPULATIONPOPULATION 1 MILE1 MILE 5 MILES5 MILES 10 MILES10 MILES

Total population 288 5,892 123,271

Median age 35.6 35.5 31.7

Median age (male) 36.4 35.2 30.4

Median age (Female) 34.7 36.1 33.4

HOUSEHOLDS & INCOMEHOUSEHOLDS & INCOME 1 MILE1 MILE 5 MILES5 MILES 10 MILES10 MILES

Total households 108 2,223 45,918

# of persons per HH 2.7 2.7 2.7

Average HH income $115,927 $107,404 $70,946

Average house value $171,295 $159,557 $134,219

* Demographic data derived from 2010 US Census


D E M OG R A P H I C S M A P

� � � �

11-2-2015

Information About Brokerage Services Texas law requires all real estate license holders to give the following informaƟon about

brokerage services to prospecƟve buyers, tenants, sellers and landlords.

TYPES OF REAL ESTATE LICENSE HOLDERS: .• A BROKER is responsible for all brokerage acƟviƟes, including acts performed by sales agents sponsored by the broker. • A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker.

A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents): • Put the interests of the client above all others, including the broker’s own interests; • Inform the client of any material informaƟon about the property or transacƟon received by the broker; • Answer the client’s quesƟons and present any oīer to or counter-oīer from the client; and • Treat all parƟes to a real estate transacƟon honestly and fairly.

A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION:

AS AGENT FOR OWNER (SELLER/LANDLORD): The broker becomes the property owner's agent through an agreement with the owner, usually in a wriƩen lisƟng to sell or property management agreement. An owner's agent must perform the broker’s minimum duƟes above and must inform the owner of any material informaƟon about the property or transacƟon known by the agent, including informaƟon disclosed to the agent or subagent by the buyer or buyer’s agent.

AS AGENT FOR BUYER/TENANT: The broker becomes the buyer/tenant's agent by agreeing to represent the buyer, usually through a wriƩen representaƟon agreement. A buyer's agent must perform the broker’s minimum duƟes above and must inform the buyer of any material informaƟon about the property or transacƟon known by the agent, including informaƟon disclosed to the agent by the seller or seller’s agent.

AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the parƟes the broker must first obtain the wriƩen agreement of each party to the transacƟon. The wriƩen agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker's obligaƟons as an intermediary. A broker who acts as an intermediary:

• Must treat all parƟes to the transacƟon imparƟally and fairly; • May, with the parƟes' wriƩen consent, appoint a diīerent license holder associated with the broker to each party (owner and

buyer) to communicate with, provide opinions and advice to, and carry out the instrucƟons of each party to the transacƟon. • Must not, unless specifically authorized in wriƟng to do so by the party, disclose:

େ that the owner will accept a price less than the wriƩen asking price; େ that the buyer/tenant will pay a price greater than the price submiƩed in a wriƩen oīer; and େ any confidenƟal informaƟon or any other informaƟon that a party specifically instructs the broker in wriƟng not to

disclose, unless required to do so by law.

AS SUBAGENT: A license holder acts as a subagent when aiding a buyer in a transacƟon without an agreement to represent the buyer. A subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first.

TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH: • The broker’s duƟes and responsibiliƟes to you, and your obligaƟons under the representaƟon agreement. • Who will pay the broker for services provided to you, when payment will be made and how the payment will be calculated.

LICENSE HOLDER CONTACT INFORMATION: This noƟce is being provided for informaƟon purposes. It does not create an obligaƟon for you to use the broker’s services. Please acknowledge receipt of this noƟce below and retain a copy for your records.

Licensed Broker /Broker Firm Name or Primary Assumed Business Name

License No. Email Phone

Designated Broker of Firm License No. Email Phone

Licensed Supervisor of Sales Agent/Associate

License No. Email Phone

Sales Agent/Associate’s Name License No. Email Phone

Regulated by the Texas Real Estate Commission

Buyer/Tenant/Seller/Landlord Initials

InformaƟon available at www.trec.texas.gov IABS 1-0

Date

[email protected]

[email protected]

[email protected]

Justin Dodd

405514

0601010

2143254851

2145347976

2145347976

John W. B. McDaniel

NRG Realty Group LLC 9004023

airgas - absolute net lease€¦ · airgas - absolute net lease 3601 scr 1293, odessa, tx 79765 ......

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