415 Topeka Ave 5 800 pi² 100% Loué Industriel Immeuble Justin, TX 76247 879 590 $ CAD (151,65 $ CAD/pi²) 6,47% Taux de capitalisation

Prime industrial/flex investment opportunity in the heart of Justin, Texas, one of the fastest-growing markets in North Texas. Located just off FM 407 with convenient access to I-35W, 415 Topeka Street benefits from strong visibility, easy accessibility, and proximity to the Alliance/Northlake employment corridor.
The property consists of two metal buildings totaling approximately 6,300 SF on ±0.48 acres, offering a highly functional layout suitable for a variety of uses, including light industrial, training facilities, storage, service-based businesses, or owner-user occupancy. The site features ample on-site parking, good truck maneuverability, and fenced outdoor areas that enhance operational flexibility.
The building is currently occupied by a stable tenant, providing near-term income for investors. Importantly, the tenant has expressed a willingness to terminate the existing lease early, which is currently scheduled to expire March 31, 2027. This creates a unique opportunity for a buyer seeking owner occupancy, repositioning, or re-leasing at market rates, while still maintaining income during the transition period.
Justin and the surrounding Denton County market continue to experience rapid population growth, infrastructure investment, and expanding commercial demand. With limited industrial supply and strong leasing fundamentals in the submarket, this property offers a compelling blend of current cash flow, lease upside, and long-term appreciation potential.
Whether you are an investor looking for a cash-flowing industrial asset with upside or a business owner seeking a flexible facility in a high-growth corridor, 415 Topeka Street delivers both stability and opportunity.
±6,300 SF across two metal buildings
±0.48-acre site
Prime location just off FM 407 near I-35W
Strong visibility and access
Ample parking and yard area
Ideal for light industrial, training, storage, or service uses
Tenant willing to vacate early lease currently through March 31, 2027
Located in a high-growth Denton County market
Investment Highlights
Compelling Industrial Investment in a High-Growth North Texas Corridor
415 Topeka Street presents an attractive opportunity to acquire a well-located industrial/flex asset in Justin, Texas, one of the fastest-growing communities within the Dallas–Fort Worth Metroplex. Positioned just off FM 407 in the NE Tarrant/Alliance submarket, the property offers a rare combination of in-place income, lease flexibility, and upside potential.
1. In-Place Income with Near-Term Flexibility
Currently occupied by a tenant with a lease in place through March 31, 2027, providing immediate cash flow.
The tenant has indicated a willingness to terminate the lease early, creating optionality for:
- Owner-users seeking near-term occupancy
- Investors pursuing repositioning or re-tenanting strategies
- Current annual rental income of approximately $50,400, providing stability while preserving upside.
2. Below-Market Rents with Upside Potential
- In-place effective rent of approximately $8.00/SF, well below current market levels.
- Comparable submarket rents average approximately $10.69/SF, supporting meaningful rental growth upon lease rollover or re-leasing.
- Represents a projected 23%–33% potential increase in cash flow over the next 24 months through market rent normalization.
3. Strong Submarket Fundamentals
- Located in the NE Tarrant/Alliance submarket, a high-demand industrial corridor with:
- Low availability (±5.3%)
- Continued absorption driven by population growth and expanding employment centers
- Justin continues to benefit from infrastructure investment and spillover demand from Alliance, Northlake, and I-35W logistics hubs.
4. Attractive Basis with Favorable Investment Metrics
- Offered at $649,000, or approximately $103/SF, below recent comparable sales averaging closer to $115/SF.
- Initial cap rate of approximately 6.22%, with projected performance improving as rents adjust to market.
- Strong long-term fundamentals support durable income, appreciation, and financing viability.
5. High-Demand Asset Type with Limited New Supply
Flexible industrial/flex layout suitable for light industrial, service, training, or storage users.
Limited new industrial construction in the immediate submarket supports long-term value stability.
Ideal for investors seeking a cash-flowing asset with upside or users looking to secure space in a constrained market.