3250 Craig Dr McKinney, TX 75070

This exceptional investment opportunity features a 15,544-square-foot, single-tenant office building in McKinney, Texas. The property is fully occupied by the Social Security Administration (SSA) under a 15-year lease (commencing February 2, 2021, and expiring February 1, 2036), providing a remaining lease term of approximately 11.2 years. The SSA, a tenant with an S&P AA+ rating, occupies the entire building, ensuring secure cash flow and capital preservation backed by the U.S. Federal Government. Located at 3250 Craig Dr, McKinney, TX 75070, this Class B building sits on a 2.55-acre lot, offering convenient access to I-75 and the Sam Rayburn Tollway (SH 121). Built in 2006 as a build-to-suit for the SSA, the property boasts a one-story design and includes recent upgrades such as LED lighting and the replacement of all 12 HVAC units in 2021. The lease renewal included approximately $575,000 in tenant improvements and building systems alterations and commissioning (TI/BSAC) improvements. The property's design incorporates Level II designated security requirements specified by the SSA. The property generates a Net Operating Income (NOI) of $369,968. This investment benefits from the property's location in an income tax-free state and the potential for attractive financing options.