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4715 7th St - World Wide Storage & Tractor Supply Co.

93,514 SF Speciality Building Offered at £3,521,025 at a 9.20% Net Initial Yield in Bay City, TX 77414

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Investment Highlights

NEW and best-in-class stabilized | 95% climate controlled
Located on I-35 (main thoroughfare into Bay City)
Tractor Supply Tenant | NNN Lease | S&P Rated BBB | Extensions Until 2040

40,567 SF storage | 26,950 SF single use tenant
Opening date: August 2022 | strong lease-up
High Growth Area

Executive Summary

World Wide Storage is a single story 374-unit storage facility located on the main thoroughfare into Bay City. Not only is it the newest and best in class facility, but it’s also 98% climate controlled with mezzanine expansion options. Since opening August of 2022, the property has achieved 90% Occupancy. Newer improvements including 4k security cameras and stadium lighting paired with the new construction are what continue to attract Bay City and surrounding area renters. Previously an old Walmart, the building is located on approximately 10.83 acres of land (per Matagorda CAD records) and includes a large parking lot adjacent to 7th street. The east side of the building is 100% leased to Tractor Supply, who occupies 26,950 square feet. Combined with the stability of the credit rated triple net tenant, growing demographics, and a strong first lease up, this opportunity presents a unique investment opportunity.

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Property Facts

Price	£3,521,025	Lot Size	10.83 AC
Price Per SF	£38	Building Size	93,514 SF
Sale Type	Investment	Number of Floors	1
Net Initial Yield	9.20%	Year Built	1990
Property Type	Speciality	Parking Ratio	5.92/1,000 SF
Property Subtype	Self-Storage	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Building Class	B

Price	£3,521,025
Price Per SF	£38
Sale Type	Investment
Net Initial Yield	9.20%
Property Type	Speciality
Property Subtype	Self-Storage
Building Class	B
Lot Size	10.83 AC
Building Size	93,514 SF
Number of Floors	1
Year Built	1990
Parking Ratio	5.92/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.