Government Leased Investment
For Sale
Contact for pricing
1711 W HENDERSON ST, Cleburne, TX 76033
Two government-leased properties in Texas available for sale.
Property Size15,675 SF
Price / SF$186.53
Days on Market164
Property Features for 1711 W HENDERSON ST
General Information
Standard status
Active
Size
15,675 SF
Property subtype
Retail, Office
Occupancy
100%
Lease Type
Modified Gross
Investment Type
Institutional
Net Operating Income
$226,707
Building Details
Year Built
2006
Year Renovated
2020
Buildings
2
Tenancy
Single
Listing Agency:
Colonial Commercial Real Estate LLC
Listed By:
Benjamin Berkowitz · License #TX 772676
(817) 889-1829
Source:
Crexi
Added: May 12
Changed: Oct 17
Last Checked: Oct 20 at 9:02PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colonial Commercial Real Estate LLC
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Investment Insights
Based on property information with market context.
Available for sale are two properties leased to the United States government, offering a creditworthy tenant. The tenant is considered mission-critical, having survived a lease termination initiative. Operating costs are adjusted annually for inflation based on the CPI-W. The tax structure features a 2021 base year, offering protection against tax growth. Historically, these properties have experienced a high renewal rate, exceeding corporate NNN averages. The properties provide geographic diversification with exposure in South Texas/Coastal Bend and the Dallas-Fort Worth MSA. Flexible for individual or portfolio sale, suitable for 1031 buyers, private capital, and institutional investors. One of the properties is located at 1711 W HENDERSON ST, CLEBURNE, TX and has a size of 15675 square feet.
Key Highlights
- AA+ Sovereign Credit – backed by the full faith and credit of the United States government.
- Mission‑Critical Tenant – SSA's continued tenancy after the 2025 DOGE lease termination initiative highlights its importance.
- High Historical Renewal Rate – Benefit from a 94–97% historical renewal rate, exceeding corporate NNN averages.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$262,196
Cap Rate
8.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,243,920
$5.2M
Cap Rate 7%
$3,745,657
$3.7M
Cap Rate 9%
$2,913,289
$2.9M
Market Conditions
NOI Build-Up for 15,675 SF
Gross rent
$481.5K $30.72/SF
− Vacancy
−$131.9K −$8.42/SF
EGI
$349.6K $22.30/SF
− OpEx
−$87.4K −$5.58/SF
NOI
$262.2K $16.73/SF
Area
Johnson County, TX
Vacancy
27.40%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,243,920
Cap Rate 7%
$3,745,657
Cap Rate 9%
$2,913,289
Alternative Uses
Best Use
Office B
$3.75M
$3.28M – $4.37M
NOI $262,196 @ 7.0% cap · market cap 8.97%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$187.89M
$164.40M – $219.21M
NOI $13,152,352 @ 7.0% cap · market cap 449.82%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
525
Businesses Nearby
Explore this area
Business Placement
Demographics for 76033, TX
27,243
Population
10,962
Households
2.5
Avg Household Size
39
Median Age
21%
College-Educated
88%
High-School Grad
176.1 sq mi
ZIP Area
155
Density / Sq Mi
$69,870
Median Household Income
$40,168
Median Earnings
$1,287
Median Rent
$230,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Two government-leased properties in Texas available for sale.
Where is this office building located?
The property is located at 1711 W HENDERSON ST Cleburne, TX.
What is the asking price?
The asking price for this property is $2,923,931.
What are key features of this property?
This property features: AA+ Sovereign Credit – backed by the full faith and credit of the United States government.; Mission‑Critical Tenant – SSA's continued tenancy after the 2025 DOGE lease termination initiative highlights its importance.; High Historical Renewal Rate – Benefit from a 94–97% historical renewal rate, exceeding corporate NNN averages.
