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National Oilwell Varco - Willis, TX for sale in Willis, TX

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National Oilwell Varco - Willis, TX
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Location: Willis, TX
Investment Overview: This single tenant property includes an approximate 30,000 square foot, 2 story office building situated on 5.361 acres on Highway 75 just across from Willis High School. The property was constructed as build to suit for the tenant Robbin & Myers, Inc. in 2004. Robin & Myers was later purchased by National Oilwell Varco in 2013. The lease is structured as an absolute NNN lease with zero landlord responsibilities. Taxes, insurance and common area maintenance are paid directly by the tenant. NOV owns the adjacent building that is connected by a covered walkway, along with vacant land, making them strongly vested in this property. Four years remain on an initial 18 year lease with 2.25% increases annually.

Tenant Overview: National Oilwell Varco, a publicly traded company, is a Houston-based provider of equipment to oil and gas drilling companies and production operations. The company has over 31,000 employees and conducts operations in more than 800 locations across six continents.

Information
Contact Information
My PicAssociation Logo
Mario Arriaga
936-756-1300
Commercial Real Estate, Property Management & Development
Pricing
Price: $4,670,000.00
Property Location
10586 Highway 75 N
Willis, TX 77378
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Features
Square Footage: 30,000 SF
Floors in Bldg: 2
Lot Size: 5 +/- Acres
Tenant: National Oilwell Varco
Type: Single Tenant - NNN
NOI: $353,891
Lease Term: 4 years remaining on an initial 18 year lease
Lease Expiration: 10/31/2022
Rent Increases: 2.25% Annually
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All information in this site is deemed reliable but is not guaranteed and is subject to change


  • Price: $4,670,000

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