FLOWERS FOODS DISTRIBUTION CENTER | SUNNYVALE, TEXAS

Purchase Price
$2,592,834
Location
520 Clay Road
Cap Rate
6.25%
Annual Rent
$162,024.00
Building Size
7,860 SF
Land Area
3.05 Acres
Ownership
Fee Simple
Lease Type
NN
Term Remainning
10.25 Years
LEASE EXPIRATION
02/01/2032
Renewal Options
None
RENT INCREASES
4% Every 5 Years
Parking
26 Spaces
Year Built
2017
APN
52-14581-00A-001-00-00
Traffic Counts
19,091 VPD

INVESTMENT HIGHLIGHTS

 

FLOWERS FOODS DISTRIBUTION CENTER:

  • Approximately 10.25 Years Remaining in the Initial 15 Year Lease Term
  • 2017 Build to Suit Construction
  • 7,860 Square Feet (2,340 Square Feet of Office Space and 5,520 Square Feet of Warehouse Space)
  • Three (3) - Five (5) Year Option Periods
  • Large Parcel - 3.06 Acres
  • 4% Rental Increases Every 5 Years
 

NN LEASE | MINIMAL LANDLORD RESPONSIBILITIES:

  • Landlord Responsibilities Limited to Roof, Structure, Foundation and Parking Areas
  • Tenant Responsible for Property Taxes and Insurance
 

SUNNYVALE, TEXAS:

  • Located About 15 Miles East of Downtown Dallas
  • A Part of the Thriving Dallas/Fort Worth Metroplex
  • Shares a Border to the North and West with Mesquite and Garland
  • Bordered by the Peaceful Waters of Lake Ray Hubbard and the Sprawling, Rural Expanse of Kaufman County
 

PROXIMITY FROM SUNNYVALE:

  • Dallas, Texas | 16 Miles
  • Plano, Texas | 22 Miles
  • McKinney, Texas | 36 Miles
  • Arlington, Texas | 36 Miles
  • Fort Worth, Texas | 48 Miles
 

TRADE AREA DEMOGRAPHICS:

  • 1-Mile Population = 5,887 Residents
  • 1-Mile Average Household Income = $102,482
  • 3-Mile Population = 53,177 Residents
  • 3-Mile Average Household Income = $89,001
  • 5-Mile Population = 134,072 Residents
  • 5-Mile Average Household Income = $76,910
  • 7-Mile Population = 318,916 Residents
  • 7-Mile Average Household Income = $73,609
 

TENANT:

  • The Second Largest Producer and Marketer of Packaged Bakery Foods in the United States
  • Market Cap of $5.23 Billion
  • Flowers Foods (NYSE: FLO) Features Investment Grade Credit "BBB" by Standard & Poor's
  • 46 Bakeries in 18 States - Approximately 9,200 Employees

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