3509 3Rd St Temple, TX 76501
- Commercial real estate
- 17,770 SF
- 3.98 lot acres
Current Use by Public Records
- Xiled Legends Esports / Sports Complex
Property Details for 3509 3Rd St
- Year built
- 1996
- Lot size
- 3.98 lot acres
- Property size
- 17,770 SF
- Zone code
- LI
- Property type
- Commercial real estate
- APN
- 70567
- APU
- 70567
Description
This exceptional value-add industrial property, located at 3509 N 3rd St, Temple, TX 76501, presents a compelling investment opportunity. The 17,770-square-foot facility sits on a 3.98-acre lot, boasting 300 feet of frontage on I-35, a high-traffic artery with over 80,000 cars passing daily. Currently 100% occupied by a Fortune 500 tenant (Mastec) under a modified lease with a corporate guarantee, the property offers a stable income stream. The lease commenced July 1, 2024, and expires June 30, 2027, with a remaining term of approximately 2.6 years. The lease includes 3.5% annual base rent increases. The property features two single-story buildings, constructed in 1996 and extensively renovated in 2023. Improvements include a climate-controlled showroom/office area with new HVAC systems, eight 12x12 grade-level doors, and a robust 208/120v 400a, 3-phase/4-wire electrical service. The property is fully fenced and gated, offering ample outside storage. The zoning is LI. The property's features, prime location, and strong tenant make it an attractive investment with a 5.30% cap rate. One lease option exists at market rate. The APN is 70567. This is a rare opportunity to acquire a well-located, high-traffic industrial property with significant upside potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Temple
- County
- Bell
- State
- Texas
- Longitude
- -97.3317
- Latitude
- 31.1301
- CBSA code
- 28660
- CBSA name
- KILLEEN-TEMPLE-FORT HOOD, TX METROPOLITAN STATISTICAL AREA
