4-STAR Hose & Supply Cleburne, Texas
Status Under Contract
Location 610 W. Industrial Boulevard, Cleburne, TX 70633
Captialilzation Rate 9.50%
Building Size 15,950 SF
Lot Size 4.7 Acres
Lease Type NNN
Term Remaining 4.7 Years
Price $ 505000
- 4-STAR Hose & Supply was Founded in 1983 and was Acquired by Singer Equities, Inc. (Wholly-Owned Subsidiary of SBP Holdings) in June 2019
- SBP Holdings Consists of 92 Locations Across the Country
- 4-STAR Distributes and Fabricates Industrial Hose, Hydraulic Hose, Metal Hose, Fittings, Valves, and Pumps
- Priced Far Below Replacement Cost at $31.69/SF
- Build-to-Suit Completed in 2006
- 30 Miles South of Fort Worth
- Surrounding Tenants Include Home Depot, Albertsons, Holt Cat, and Several Dining Establishments
- U.S. Route 67 Intersects with Highway 171 and Highway 174 on Opposite Sides of the Property
The subject property is a 15,950-square-foot facility sitting on 2.63 acres located between Highway 171 and Highway 174 on West Industrial Boulevard. The property was constructed in 2006 as a build-to-suit for 4-STAR Hose & Supply. There are approximately four and one-half years remaining on the lease, with two, three-year options for renewal.
4-STAR Hose & Supply, Inc. was founded in 1983. In June 2019, the company was acquired by Singer Equities, Inc., a wholly-owned subsidiary of SBP Holdings. Singer Equities is a decentralized group of value-added distributors in the industrial rubber products industry. Its 15 platform companies distribute and fabricate industrial and hydraulic hose, conveyor belt, and gaskets. Singer Equities has over 40 locations in the United States that serve a diverse market portfolio including petrochemical, oil and gas, food and beverage, OE equipment, marine, MRO, construction, and rental supply.
SBP Holdings is a portfolio company of AEA Investors, a leading private equity firm headquartered in New York. SBP Holdings has 92 locations across the United States.
Agent : Patrick Doherty
-
512-338-7855
-
patrick.doherty@marcusmillichap.com