BioLife Plasma Services

875 W Central Texas Expy,
Harker Heights, TX 76548

 

5.75%
CAP RATE
14,150
Building SF
$557,748
Current Rent
2.52
Land Acres
Absolute NNN
Lease Type
1999
Year Built
5.75%
CAP RATE
14,150
Building SF
$557,748
Current Rent
2.52
Land Acres
Absolute NNN
Lease Type
1999
Year Built

Investment Details

  • The property was recently renovated, including a new roof, parking lot and new HVAC units.
  • 14.5 Years remaining on the lease with BioLife Plasma Services and 1% annual rent increases. No landlord responsibilities.
  • Income tax free state.

Location Highlights

  • Located right off of Highway 190 with average vehicles per day exceeding 70,000.
  • Located 9 miles from Fort Hood the most populous military installment in the world with over 53,000 active duty members.
  • Harker Heights is currently growing at a rate of 1.90% annually and its population increased by 3.87% since the most recent census.
  • Population of 151,841 within a five mile radius of the subject property.

Tenant Highlights

  • BioLife Plasma Services is a leading company for high-quality plasma collection that is processed into life-saving plasma-based therapies. BioLife Plasma Services is apart of Takeda Pharmaceutical Company Limited, an investment grade (S&P BBB+), patient-focused, value-based, R&D-driven global biopharmaceutical company committed to highly-innovative medicines.
  • BioLife Plasma Services has superior market positioning compared to its competition in the market. Additionally, there is only one plasma donation center within five-mile radius of the site, allowing BioLife to capitalize on the surrounding population density.

Harker Heights, Texas

  • Harker Heights is a city in Bell County, Texas. As of 2022, Harker Heights holds a population of of over 33,500 people, making it the third largest city in Bell County after Killeen and Temple. The City has been influenced significantly by Fort Hood, a military base that began as Camp Hood back in 1942. In 1951 the Camp received Fort Status. Fort Hood provides a ready-made job pool of men and women (approximately 500 every month) who are transitioning out of the military into the civilian workforce. Over 40% of those exiting have indicated a preference for remaining in the Central Texas area. The crime rate is lower than the state average with a great education system. Harker Heights is a simple, yet upcoming area, with a large amount of growth potential. Harker Heights is ideal for businesses as it has a low cost of living, productive workforce, corporate vitality, quality of life, sustainable industries, and strong economic indicators. The city has been focusing on renovating all the recreation centers and have developed clean and welcoming parks that host special events, athletic programs and more
FOR MORE DETAILS CONTACT
Ian Harrison
(612) 840-4942
iharrison@greatriversco.com
40866171