120 Bearle St, Pasadena, TX 77506

Portfolio listing for sale | NNN Sale Lease-Back Opportunity in Pasadena, Texas 77506

Address: 120 N. Main St & 120 Bearle St, Pasadena, TX 77506
Tenant: MSD Building Corporation
Term: 60 Month initial term (commencement date effective at closing)
Type: NNN Lease - Tenant responsible for ad valorem taxes, insurance and maintenance
Landlord Responsibilities: Roof, Structure and Foundation
Escalations: Two percent (2.0%) annually
Renewal Options: One five (5) year option at Fair Market Value
Starting Base Rent (NOI): $295,680
Note: Individual building leases will be co-terminus