State of Texas: Human Health and Services Building

Arlington, TX

Price $5,400,000
Cap Rate 7.65%
TYPE Single-Tenant
STATUS Available
Tenant Texas Health & Human Services Commission
LEASE TYPE Gross
SQUARE FEET 25,536
PRICE/SQ FT $211
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 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

Property Highlights

  • 100% Leased and Guaranteed by The State of Texas (S&P: AAA)
  • Office Square Footage – 3,676 | Warehouse Square Footage – 21,860
  • 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!