JUST CLOSED – TX Dept of Criminal Justice (Sherman, TX)

justin zahn

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