Class “A” Corporate HQ Sale Leaseback

6400 North Belt Line Road, Irving, TX

Deal Type:

Sale Leaseback

Price:

$8,500,000

Cap Rate:

9.00%

Current Rent:

$765,000

Lease Type:

Triple Net

Lease Term:

15 years

Landlord Responsibilities:

None

Renewal Options:

Four, 5-Year

Building Sq. Ft.:

43,000 SF

Rent Increases:

2.00% Annual

Site Size:

2.51 Acres

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Investment Highlights

Newer 2000 Build Class A HQ facility
Long-term (15 years) absolute triple net lease with 2% annual rent increases
Situated across from Dallas Fort Worth International Airport (DFW)
Dallas office market rents are rising 2.0% annually (2022-23) while the average office sale price is ~$218 PSF
Sale leaseback proceeds will be used to pay down higher interest debt and strengthen the company’s balance sheet

Listing Agents

Jeff Lizzo

Managing Director
630 222 8409
[email protected]

Phil DiGennaro

Managing Director
203 610 1541
[email protected]

Texas Broker of Record: Kyler Bean, Lic. #646910

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