The Texas Health & Human Services Commission has 9+ years remaining on an initial 10-year gross lease with annual increases 50% of CPI and five five-year options to renew. This building is 100% leased and guaranteed by The State of Texas with an S&P: AAA credit rating. The landlord is responsible for roof, structure, parking, taxes, insurance and CAM. Tenant is responsible for utilities, janitorial services and supplies. This government office building is brand new construction. This regional distribution facility and offices serves out of the State of Texas HHSC locations in all of DFW.
Texas Health & Human Services Commission is located in Arlington, Texas just off the hard corner with excellent drive by visibility. Nearby retailers include: Kroger, Grand Prairie Premium Outlets (a 420,000 SF open-air shopping mall anchored by Saks Off 5th, Bloomingdale’s & Nike with 110 retail shops). This asset is located only 6 miles from AT&T Stadium – home to the Dallas Cowboys with a capacity of 100,000, 6 miles from University of Texas Arlington (30,350 students), and 5 miles from Medical City Arlington (369 beds).
*In Association with Texas Local Broker: Paul Blackburn, Blackburn Properties #376821