99 Cents Only DC_Property for Sale
99 Cents Only DC_Property for Sale
23623 Colonial Pkwy, Katy, TX, 77493-3456, US

99 Cents Only DC

Asset Description

Jones Lang LaSalle (“JLL”), on behalf of ownership, is pleased to offer qualified investors the opportunity to purchase the fee simple interest in the 99 Cents Only Distribution Center (“the Property”), a newly renovated, 760,753 SF dry & cold-storage facility located in Katy, TX. The Property is comprised of cold storage warehouse, traditional distribution warehouse, and administrative space with critical capacity for refrigerated and frozen food distribution throughout Texas and the Southern U.S. The Property is currently 100% leased to a diverse group of food distribution tenants that serve the greater Houston area, as well as a long-term lease to 99 Cents Only Stores for its distribution center fulfilling 50 Texas stores. The Property showcases state-of- he-art cold storage infrastructure, including advanced temperature control and monitoring systems, specialized storage areas, and cutting-edge technology for inventory monitoring and management.


The 99 Cents Only Distribution Center features a premier logistics location with immediate access to vital local and regional highways including Interstate 10 and Highway 99. The Property also provides extensive trailer and employee parking as well as low site coverage for potential future building additions.


The 99 Cents Only Distribution Center is a one-of-a-kind opportunity to purchase a well-located and highly functional cold storage facility in a market that is severely lacking cold storage product. The Property offers investors stable in-place cash flow from 8.6 years of weighted average lease term from a diverse group of tenancy specializing in bulk product , frozen food, and produce

distribution.

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Attributes

Building area net
70,676 m²
Occupancy
100%
Year built
1995
Year renovated
2023
Land area gross
26 ha
WAULT
8.6 years

Media

Investment Highlights

  • Opportunity To Gain Scale In Cold Storage Market
  • Stable In-Place Cash Flow With Exceptional Upside Potential
  • Irreplaceable Product Amid Rising Construction Prices
  • Premier West Houston Distribution Location
  • Significant Investment By Ownership
99 Cents Only DC 4_Property for Sale
99 Cents Only DC 4_Property for Sale

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99 Cents Only DC (0 Properties)

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Last updated
28 Feb 2024