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909 W Holiday Dr 1,700 SF Specialty Building Offered at $255,000 at a 5.69% Cap Rate in Fate, TX 75132
Executive Summary
USPS has been leasing this facility since 1993, when a 15-Year lease agreement was initially executed. Since then, the lessee has executed four additional 5-Year options. No options remain. USPS is currently paying $13.91/SF. This location is open 6 days of the week.
Landlord responsibilities include routine maintenance and repairs of the facility, including roof, structure and HVAC. Property Taxes are fully reimbursed by the lessee. Insurance is a landlord responsibility. Contact broker for maintenance rider and insurance quote.
Lease Expires 10/31/2028
No Options Remaining
Modified Gross Lease Structure
1,067 SF Building
0.34 AC Parcel
Landlord responsibilities include routine maintenance and repairs of the facility, including roof, structure and HVAC. Property Taxes are fully reimbursed by the lessee. Insurance is a landlord responsibility. Contact broker for maintenance rider and insurance quote.
Lease Expires 10/31/2028
No Options Remaining
Modified Gross Lease Structure
1,067 SF Building
0.34 AC Parcel
Property Facts
| Price | $255,000 | Building Class | B |
| Price Per SF | $150 | Lot Size | 0.34 AC |
| Sale Type | Investment | Building Size | 1,700 SF |
| Cap Rate | 5.69% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 1993 |
| Property Subtype | Post Office |
| Price | $255,000 |
| Price Per SF | $150 |
| Sale Type | Investment |
| Cap Rate | 5.69% |
| Property Type | Specialty |
| Property Subtype | Post Office |
| Building Class | B |
| Lot Size | 0.34 AC |
| Building Size | 1,700 SF |
| No. Stories | 1 |
| Year Built | 1993 |
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Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 44045 | Improvements Assessment | $69,348 |
| Land Assessment | $63,685 | Total Assessment | $133,033 |
Property Taxes
Parcel Number
44045
Land Assessment
$63,685
Improvements Assessment
$69,348
Total Assessment
$133,033
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909 W Holiday Dr