SINGLE TENANT GOVT OFFICE – GARLAND, TX 5250 President George Bush hwy 25,638 SF 4-Star Office Building Garland, TX 75040 $30,223,920 CAD ($1,178.87 CAD/SF) 7% Cap Rate



INVESTMENT HIGHLIGHTS
- Dallas, Texas Metro Location - Garland
- INVESTMENT GRADE TENANT: State of Texas (Fitch AA+ Stable)
- 10-Year Lease with annual increases
- Relocation of the Regional Super Center DMV
- 2025 Construction - Build to Suit for the State of Texas
- Strong Retail Location off of Tollway (SH190 & Garland Ave)
EXECUTIVE SUMMARY
Introducing an exclusive opportunity in Garland, Texas - the Single Tenant Government Office Building. This single-tenant government office building, located at 5250 North President George Bush Hwy, is currently under construction, with the relocation of the Texas Department of Public Safety (DPS)* Driver License Center. Positioned just north of Garland and east of PGBT, this property boasts high visibility with a traffic count of 112,528 CPD. Situated on approximately 6.915 acres, this site will encompass a ±25,638 SF building upon completion. Strategically located near major highways and in a high-traffic area, this building presents an excellent opportunity for investors seeking a stable government tenant. With strong rental increases of 25% annually linked to CPI, this property holds immense potential for growth and profitability.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Building Size
25,638 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2025
Construction Status
Under Construction
Price
$30,223,920 CAD
Price Per SF
$1,178.87 CAD
Cap Rate
7%
NOI
$2,115,705 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
25,638 SF
Building FAR
0.09
Lot Size
6.92 AC
Zoning
C - Commercial
AMENITIES
- Signage
1 of 1
PROPERTY TAXES
Parcel Number | 26391630000070000 | Improvements Assessment | $0 CAD |
Land Assessment | $1,035,579 CAD | Total Assessment | $1,035,579 CAD |