- Details
- Investment Highlights
- Description
Tenant
Social Security Administration
Location
Angleton, Texas
Price
Unstated
CAP Rate
Unstated
NOI
Unstated
Lease Term
12.5 Years Remaining
Occupancy
100%
Building Size
10,375 SQ FT
Property Type
Office
Year Built
2006
Lot Size
2.43 Acres
Status
Available
Property Contacts:
U.S. FEDERAL GOVERNMENT CREDIT
Lease guaranteed by U.S. Federal Government, featuring an Aaa credit rating and unrivaled income security
NEW 15-YEAR LEASE TERM
Lease renewal with SSA in 2022 for a new 15-year term, including a rare 13-year firm (non-cancellable) period, and a base rent increase in Lease Year 9
2006 BUILD-TO-SUIT FOR SSA
Built-to-suit for SSA in 2006 with upgrades in 2022 to the tenant and building improvements; adheres to strict federal construction and security standards, including secure perimeter fencing
HOUSTON MSA – 5th LARGEST MSA IN UNITED STATES
Angleton, Texas is located 43 miles southwest of Houston, the 5th largest Metropolitan Statistical Area in the United States, with a population exceeding 7.2 million
SURROUNDED BY ESSENTIAL BUSINESSES & SERVICES
Situated with convenient access from the primary arterial of Highway 288, with nearby businesses and services that include Walmart Supercenter, Tractor Supply Co, Kroger, McDonald’s, Best Western, Chili’s Grill & Bar, Whataburger, Angleton Recreation Center, Angleton High School, and Angleton Junior High
The U.S. Social Security Administration (SSA) branch office located in the Houston MSA of Angleton, Texas is a single-tenant U.S. Federal Government facility that was built-to-suit for SSA in 2006, featuring a long-term renewal in 2022 for a new 15-year lease term. The building consists of 10,375 square feet, situated on an oversized parcel of 2.4+ acres of land.
The new lease with SSA includes a rare 13-year firm (non-cancellable) period, and a base rent increase in Lease Year 9. As part of the lease renewal, upgrades were performed to the tenant and building improvements as specified by SSA. This facility adheres to strict federal construction and security standards, including secure perimeter fencing.
The lease is guaranteed by the full faith and credit of the United States of America, featuring an Aaa rating from Moody’s Investor Services and unrivaled income security. Additionally, the GSA has a long-standing reputation as a tenant with one of the highest possible renewal probabilities in the commercial real estate industry. Historical data published by the GSA regarding their portfolio of over 8,000 leases nationwide reflects a retention rate which typically exceeds 95%.
Angleton, Texas is located 43 miles southwest of Houston, the 5th largest Metropolitan Statistical Area in the United States, with a population exceeding 7.2 million. Angleton SSA is situated with convenient access from the primary arterial of Highway 288, with nearby businesses and services that include Walmart Supercenter, Tractor Supply Co, Kroger, McDonald’s, Best Western, Chili’s Grill & Bar, Whataburger, Angleton Recreation Center, Angleton High School, and Angleton Junior High.