State of Texas: Human Health and Services Building

Arlington, TX

Price $5,695,000
Cap Rate 7.25%
TYPE Single-Tenant
STATUS Available
Tenant Texas Health & Human Services Commission
LEASE TYPE Gross
SQUARE FEET 25,536
PRICE/SQ FT $223
YEAR BUILT 2017
LEASE EXP. 12/31/2027
LISTING AGENT Jessica Zahn Gibson
602-770-7145
jess@ciadvisor.com
Paul Blackburn, Blackburn Properties
Texas Local Broker #376821

Property Description

The Texas Health & Human Services Commission has 9+ years remaining on an initial 10-year full service 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. This government office building has brand new construction.

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

Property Highlights

  • 100% Leased and Guaranteed by The State of Texas (S&P: AAA)
  • Full Service Gross Lease: Landlord is Responsible for Roof, Structure, Parking, Taxes, Insurance and CAM.
  • Demographics (5-MI): Total Population: 346,174 | Average Household Income: $63,780 | Population Growth 2010-2018 (1-MI): 14.33%
  • 9+ Years Remaining with 5 Five-Year Renewal Options
  • Just off the Hard Corner where Traffic Counts Exceed 29,840 CPD!