FLOWERS FOODS DISTRIBUTION CENTER | SUNNYVALE, TEXAS
INVESTMENT SUMMARY
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
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