Rare Long-Term Ground Lease in Downtown Dallas, TX
Investment Offering: Rare Long-Term Ground Lease in Downtown Dallas, TX
Marketing description
The parcel being marketed for sale is located under the Harwood Center in downtown Dallas, TX. This property is an assemblage of a 99-year ground lease parcel to the Lessee/developer of the Harwood Center. The Harwood Center is a 615,000-square-foot, 30 story, mixed-use building in the City Center District.
Notable tenants include: Jacobs Engineering Group headquarters, Omnicom Group and Fireman’s Fund Insurance Company.
The current annual rent payment for this parcel is $65,232. Rental increases are based upon a new appraisal every 10 years with the next increase occurring in 2028. This lease is set to expire on September 1, 2077.
Investment highlights
Rental increase every 10 years based on appraisal (next increase scheduled for 2028)
Lease term: 52.5 years remaining and will expired September 1, 2077
Located in the central downtown core of Dallas
Rare generational investment opportunity
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