2138 Lucius McCelvey Dr - Warehouse FOR SALE


Temple, TX 76504
$3,226,000 USD
480-221-4221
2138 Lucius McCelvey Dr, Temple, TX for Sale
$3,226,000 USD
Warehouse - FOR SALE
1/7
null | 6% Cap Rate

2138 Lucius McCelvey Dr
Temple, TX 76504


HIGHLIGHTS

  • Recent 10-Year Renewal | Commitment To Site | Additional Options To Extend | Rental Increases
  • Corporate Signature (NYSE: ATO) | Credit Tenant (S&P: A-)
  • Absolute NNN Lease | Fee Simple Ownership | Zero Landlord Responsibilities
  • Proximity to I-35 (76,600 VPD)
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

• The tenant, Atmos Energy Corporation, recently executed a new 10-year renewal commencing October 1, 2025, following 20 years of continuous operation at the site, reinforcing their long-term commitment and ensuring future income stability • The lease includes two (2) additional 5-year renewal options with 3% annual increases throughout the current term and escalations to the greater of 9% or market rent at the start of each option, driving NOI growth and providing a strong inflation hedge

FOR SALE DETAILS

PRICE

$3,226,000 USD

PRICE/SF

$224 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Atmos Energy

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

31

LAND DETAILS

LAND ACRES

2.03

LAND SF

88,427

ZONING

LI

APN/PARCEL ID

367456

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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