Income Producing Commercial Site – 3080 N. IH 37, Three Rivers, Texas
$ 2,160,000 3080 N. IH 37, Three Rivers, Texas 78071
- Acres: 10
- Nearest City: Three Rivers
- Listing Agent: Garrett Ruple, Broker/Owner
- County: Live Oak
- Region: South Texas
Ruple Properties is pleased to present the 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 city’s 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 facility’s 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|
Location / DirectionsFrom San Antonio, head South on IH 37. Property located at 3080 N. IH 37, Three Rivers, Texas.
Garrett Ruple, Broker/Owner
GARRETT RUPLE, BROKER/OWNER
Ruple Properties, L.L.C.
The information contained on this site and offered herein was obtained from sources deemed to be reliable. Ruple Properties, and or its agents, (The Company), do not warrant the accuracy of the information, whether printed or displayed, presented in marketing materials supplied to prospective buyers. The Prospective buyer assume all responsibility for verifying all information supplied to them by The Company and the buyer prospect should diligently investigate all aspects of a property, including but not limited to, natural and manmade attributes, local, state and federal laws and regulations and all other matters related to the purchase of the property. Prospects should arrive at and draw their own conclusions regarding a particular property(s) usefulness, its value and all other matters related to a purchase. The property is subject to price change and/or adjustment, acreage change and/or adjustment and/or removal from the market, at the sole discretion of the Seller. Boundary maps and property depictions are not to be relied upon as actual or accurate boundary representations, they are only for illustrative informational purposes. All boundary lines should be verified by an existing survey, or the preparation of a new survey, obtained by the prospect, prepared by a licensed surveyor. All acreage and improvement measurements are estimated and should be verified by the buyer prospect. Photos may be distorted due to alterations, enhancements, website technical issues and/or multiple reproductions. Other brokers/agents must accompany client at showings to participate in fee structures.