142 N FM 730 - Showroom FOR SALE


Boyd, TX 76023
$2,758,621 USD
817-800-5058
142 N FM 730, Boyd, TX for Sale
$2,758,621 USD
Showroom - FOR SALE
1/14
null | 7.25% Cap Rate

142 N FM 730
Boyd, TX 76023


HIGHLIGHTS

  • Atmos Energy is a publicly traded company (NYSE: ATO) and is an exceptionally strong national credit tenant (S&P: "A-1")
  • Recently extended lease term indicating a strong commitment to the site
  • Property was a build to suit for Atmos Energy in 2005
  • Property consists of a 4,430 square foot office building and a 5,360 square foot warehouse/material and equipment storage building on a 2.23 acre site
  • Absolute triple net lease with no landlord obligations
  • Recent lease extension indicates commitment to the site

OVERVIEW

Transwestern National Net Lease | Sale Leaseback Group is pleased to present a single-tenant absolute triple net office building and warehouse/service building property totaling approximately 9,790 square feet on 2.232 acres corporately leased to Atmos Energy at 142 North FM 730, Boyd, Texas. Atmos Energy is one of the largest natural-gas-only distributors in the United States. Having occupied the Property since late 2005, and indicating a strong commitment to the site, in October 2024, Atmos Energy early extended its lease for an additional three (3) years, providing nearly four (4) years of remaining lease term with a new expiration of October 31, 2028. Tenant has one (1) remaining three (3) year renewal option by providing twelve (12) months’ prior written notice. Boyd, Texas, situated just 35 miles northwest of Fort Worth, is a charming rural community in Wise County with a county-wide population of 78,097. Although most of the county population comes from Decatur, located 12 miles directly north, Boyd is itself experiencing significant population growth, growing 6.32% annually and having experienced an increase in population of 31.18% since the most recent census in 2020. Atmos Energy, a publicly traded corporation (NYSE: ATO), provides natural gas service to more than three million customers in 1,400 communities in nine states. Its roots can be traced back to the Texas Panhandle nearly 120 years ago. For the fiscal year 2023, Atmos generated more than $4.2 billion in total operating revenues with more than $1 billion in total comprehensive income. Atmos Energy’s S&P credit rating is “A-“.

FOR SALE DETAILS

PRICE

$2,758,621 USD

PRICE/SF

$282 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Atmos Energy Office & Service Center

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Showroom

ADD'L SUBTYPES

Distribution, Service, Industrial Live/Work Unit

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

3

PARKING SPACES

34

LAND DETAILS

LAND ACRES

2.23

LAND SF

97,139

ZONING

I-1 (Industrial-Light)

APN/PARCEL ID

A0164001805

ASK ABOUT THIS PROPERTY

Bill BehrTranswestern Real Estate ServicesMore Info
817-800-5058

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Bill BehrTranswestern Real Estate ServicesMore Info
817-800-5058

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.