STATE OF TEXAS DFPS & HHSC – TAYLOR, TX

Taylor, TX

Price $3,460,000
Cap Rate 7.00%
TYPE Single-Tenant
STATUS Available
Tenant State of Texas (Fitch AAA Stable Credit Ratin
LEASE TYPE N/A
SQUARE FEET 9,862
YEAR BUILT 2019
LEASE EXP. 10/31/2029j
CONTACT Jessica Zahn Gibson
602-770-7145
[email protected]

Property Description

Property Overview: This prestigious Government Office building, leased to the State of Texas, presents a unique investment opportunity in the rapidly growing city of Taylor, Texas. This property is backed by a strong, long-term tenant, ensuring stable and reliable income.

Lease Details:

Tenant: State of Texas

Lease Term: 10 years

Lease Exp: October 2029

CAP Rate: 7%

Annual Rental Increases: 50% of the Consumer Price Index (CPI)

Key Investment Highlights:

Secure Tenant: Leased to the State of Texas, providing unparalleled security and stability.

Attractive Returns: Offering a 7% CAP rate, this investment promises excellent returns.

Growth Potential: Annual rental increases linked to 50% of CPI ensure income growth and protection against inflation.

Strategic Location: Situated in Taylor, Texas, a city experiencing significant economic growth and development.

Long-Term Lease: A 10-year lease term ensures long-term income stability and minimizes vacancy risks.

This Government Office building is a top-tier investment asset, perfect for investors seeking stable, long-term returns with growth potential. Don’t miss out on this rare opportunity to acquire a premium property in a thriving Texas city. Contact us today for more information and to schedule a viewing.

Asset’s Nearby Retailers Include Walmart Supercenter, H-E-B, Tractor Supply, McCoy’s Building Supply, True Value, Harbor Freight, Bealls, Petsense, Dollar Tree, Dollar General, AutoZone, O’Reilly Auto Parts, Advance Auto Parts, CVS, Walgreens, T-Mobile, Boost Mobile, Cricket Wireless, AT&T, Metro by T-Mobile, and Anytime Fitness; Nearby Dining Options include Whataburger, McDonald’s, Starbucks, Taco Bell, Burger King, Domino’s Pizza, Sonic Drive-In, Dairy Queen, Subway, Mr. Gatti’s Pizza, Chicken Express, Golden Chick.

There are 5 public schools in Taylor with 2 elementary schools, 1 middle school & 2 high schools with total enrollment of 2,669 students. It is 1/4 mile from Baylor Scott & White Medical Center Taylor – a 25-bed critical access hospital providing medical & surgical care.

Property Highlights

  • Lot Size | +/- 1.181 Acres
  • Occupancy | +/-9,862 SF – 100% Actual | 0 SF - 0% Vacancy
  • 2023 DEMOGRAPHICS: Total Population (5-MI): 19,861 | Average Household Income (1-MI): $193,557
  • Rental Increases | 50% of CPI Annually
  • Traffic Counts | TX-95/Main St – 21,360
  • TEXAS IS AN INCOME TAX FREE STATE