Approximately 48,803 SF, this single tenant, NNN, industrial investment property is leased to AIT Laboratories, a leading clinical prescription drug monitoring and testing laboratory. Part of the $3.4M renovation in 2016 included a brand new 35,000 SF corporate office area and laboratory. The remaining 13,803 SF is warehouse space. The building also has a new roof, exterior paint and landscaping.
The annual income is $411,444 with a 10% rent increase in 2021.
Located in the Westport Industrial Area of Denton at the Convergence of I-35E & I-35W with I-35W Frontage.
- Single Tenant NNN, 10 Yr. Lease Ending Dec. 2026
- Tenant is AIT Laboratories/a HealthTRACK Rx Company
- Recent Renovations Include Over $3M on Interior & $400k on Exterior Improvements
- 7% CAP at Current Rent, 10% Rent Increase Starts Year 5 of 10 Yr. Lease
- Located in Westport Industrial Area of Denton at the Convergence of I-35E & I-35W with I-35W Frontage