Social Security Administration
Office | 15,544 SqFt
Marketing description
The Ficke Team of Colliers is pleased to present this exclusive investment opportunity for the Social Security Administration (SSA) office located at 3250 Craig Drive in McKinney, Texas.
This best-in-class investment grade (S&P AA+) tenant is located in a thriving market 30 miles north of Dallas-Fort Worth. Developed as a build to suit for the SSA in 2006, the tenant recently reaffirmed their commitment in 2021 to this location with a new 15 year lease term providing investors with secure cash flows and capital preservation backed by the guaranty of the U.S. Federal Government. Investors will benefit from the appreciating cash flow, income tax free location and attractive financing options available.
This fully leased, single-tenant office property includes 15,544 RSF with an oversized lot of 2.55 acres situated directly off I-75 and Sam Rayburn Tollway (SH 121). Recent improvements to the property include recently upgraded LED lighting in addition to the replacement of all 12 HVAC units in 2021. The property is designed to the unique specifications and Level II designated security requirements of the SSA with the recent lease renewal including approximately $575,000 of government approved TI/ BSAC improvements.
Investment highlights
U.S. Government Guarantee (AA+ S&P)
Build-to-Suit for the SSA in 2006
Located in an Income Tax Free State
Conveniently located along major thoroughfare of I-75 & Sam Rayburn Tollway (SHS 121)
15-Year Lease
Level II Designed Security
Growing market with +327% population growth since 1999
80% Bonus Depreciation available for a year end closing.
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