This is an exceptional opportunity to acquire the fee simple interest in 3080 N. Highway 37 Access Road, including two single-tenant industrial buildings leased respectively to Laredo Discount Metals and Pipeline Supply & Service, LLC as well as two billboard ground leases all located in Three Rivers, Texas. Laredo Discount Metals (LDM) is a construction metals supplier, providing solutions for metal building construction, ranch improvement, and oilfield construction applications. LDM is currently leasing a 10,000+/- SF Building (2,000+/- SF Office/8,000+/- SF Warehouse) on approximately 5.5 Acres. Pipeline Supply & Service, LLC (PPS) is a nationally branded pipeline supply company providing solutions to the pipeline industry. PPS is currently leasing a 13,000+/- SF Building (2,140+/- SF Office/10,860+/- SF warehouse) on 2.25+/- acres. The city of Three Rivers is located south of San A...
This is an exceptional opportunity to acquire the fee simple interest in 3080 N. Highway 37 Access Road, including two single-tenant industrial buildings leased respectively to Laredo Discount Metals and Pipeline Supply & Service, LLC as well as two billboard ground leases all located in Three Rivers, Texas. Laredo Discount Metals (LDM) is a construction metals supplier, providing solutions for metal building construction, ranch improvement, and oilfield construction applications. LDM is currently leasing a 10,000+/- SF Building (2,000+/- SF Office/8,000+/- SF Warehouse) on approximately 5.5 Acres. Pipeline Supply & Service, LLC (PPS) is a nationally branded pipeline supply company providing solutions to the pipeline industry. PPS is currently leasing a 13,000+/- SF Building (2,140+/- SF Office/10,860+/- SF warehouse) on 2.25+/- acres. The city of Three Rivers is located south of San Antonio, TX in the heart of the Eagle Ford Shale region. The citys close proximity to San Antonio, and Corpus Christi coupled with it being situated in the prolific Eagle Ford Shale, has caused many companies servicing the energy industry to establish locations nearby. With I-37 Frontage, this facilitys location provides high visibility to local and transient traffic along the main corridor through South Texas and the Eagle Ford Shale region. The Property is currently 100% leased and is generating $216,000 in annual revenue. The property also has an adjoining 15.5 +/- acre RV park that is available at a discount providing significant potential upside.
Annual Rent Start Date Prim. Term (YRS)
Billboard Ground Lease 1 $12,000.00 5/1/12 7
Billboard Ground Lease 2 $6,000.00 12/1/14 20
Laredo Discount Metals $132,000.00 5/1/12 7
Pipeline Supply and Service, LLC $66,000.00 11/1/12 10
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Research Parcel InformationFrom San Antonio, head South on IH 37. Property located at 3080 N. IH 37, Three Rivers, Texas.
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