Texas Department of Criminal Justice
Fallon Drive | Sherman, TX
Marketing Package Available
$846,000 @ 8.50% CAP
- 100% Leased and Guaranteed by the State of Texas – Occupied by TDJD which Manages Offenders in State Prisons, State Jails and Private Correctional Facilities.
- Brand New 10-Year Lease Term Commencing in December 2015 with Five 5-Year Options – Annual Escalations at 25% of CPI.
- Gross Net Lease – Landlord is responsible for Roof, Structure, Parking, Taxes, Insurance and CAM. Tenant is responsible for Utilities, Janitorial Services and Supplies.
- The Property is currently under construction – anticipated delivery July 2015.
- Daytime Population of 142,118 with Average Household Income exceeding $59,040 in the 10-Mile Ring.
- View the full listing at CIAdvisor.com
Contact Justin Zahn @ (402) 730-6021