Contacts
Colliers
Property Details
- Property Type Industrial - Warehouse/Distribution
- Lot Size 4.99 SF
- Date Updated Mar 26, 2025
Single-Tenant Net Lease Investment
Colliers is pleased to exclusively offer to qualified investors, the opportunity to purchase the Setpoint industrial facility, located in Freeport, Texas.
The Freeport facility consists of a ±28,200 SF industrial warehouse building built in 2013 and is situated on ±4.99 acres and currently has a 9+ year term remaining. This facility is available for purchase individually or as a 2 property portfolio to include the sister property in Corpus Christi, Texas.
Investment Highlights
- Long-Term Lease: Tenant has renewed a second 10-year lease with 9+ years remaining showcasing commitment to the location
- Passive Ownership: Landlord responsibilities limited solely to Roof and Structure
- Build-To-Suit Facility: This crane-served property was a build-to-suit for Setpoint in 2013
- Optimal Market for Tenant’s Business: The presence of major refining, petrochemical and LNG facilities in close proximity provides Setpoint with a long-term and stable customer base
- Strong Regional Credit: Setpoint has operated in this market since 2013 and is a $300 million revenue company with 11 locations along the gulf coast markets
- Growing Port Market: This location features frontage on State Highway 288, the major thoroughfare that services Port Freeport. The port ranks 6th in the U.S. for chemical exports
- Dow Chemical: Dow’s Chemical facility in Freeport is the largest facility of it’s class in the western hemisphere and Setpoint’s largest market client
- Excess Land/Expansion Potential: The property features excess land of 2.27 acres allowing for future expansion or additional stabilized yard
Reach out to the broker for more info on lease terms and amenities
Getting around
-
8/100
Walk Score ®
-
29/100
Bike Score ®
Location
- City Richwood, TX
- Zip Code 77531
- Market Houston
Points of Interest
-
Chevron
0.64 miles
-
Shell
0.76 miles
-
Buc-ee's
1.14 miles
-
H-E-B Fuel
2.74 miles
-
Quick Mart
2.87 miles
-
Citgo
2.92 miles
-
CityFresh
3.10 miles
-
Murphy USA
3.25 miles
-
Step In
3.27 miles
-
H-E-B Car Wash
2.76 miles
-
Buc-ee's
3.50 miles
-
Ernie's
6.98 miles
-
TJ's Car Wash
9.11 miles
-
Julia Donuts & Coffee
0.75 miles
-
3rd Coast Pizza Co.
0.77 miles
-
Asiel's
2.61 miles
-
Chicken Express
2.64 miles
-
Domino's
2.67 miles
-
Marco's Pizza
2.67 miles
-
Chicken Salad Chick
2.68 miles
-
Wendy's
2.70 miles
-
Hartz Chicken Buffet
2.83 miles
-
Backyard Patio
2.91 miles
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
