Government Leased Investment
1711 W HENDERSON ST Cleburne, TX 76033
For Sale
Contact for pricing
Two government-leased properties in Texas available for sale.
Property Size15,675 SF
Price / SF$186.53
Days on Market75
Property Features for 1711 W HENDERSON ST
General Information
- Standard status
- Active
- Size
- 15,675 SF
- Property subtype
- Retail, Office
Building Details
- Year Built
- 2006
Listing Agency:
Colonial Commercial Real Estate LLC
(817) 632-6200
Listed By:
Benjamin Berkowitz · License #TX 772676
Source:
Crexi
Added: May 12
Changed: Jul 10
Last Checked: Jul 23 at 9:24AM
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
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 For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $481.5k | $30.72 |
| − Vacancy | −$131.9k | −$8.42 |
| EGI | $349.6k | $22.30 |
| − OpEx | −$87.4k | −$5.58 |
| NOI | $262.2k | $16.73 |
15,675 SF · lease $30.72/SF/yr · vacancy 27.40% · expense 25.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Social Security Administration
Social Security Office
FAQs
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.
