deal image
1630 W Business 77San Benito, TX 78586
1630 W Hwy 77
Asset ClassOffice
Occupancy100%
Rentable SF: 14,430# Tenants: 1Cap Rate: 9.98%Access Data Room
100% State Leased Opportunity
overview of deal

Overview

Transwestern is pleased to present the exclusive opportunity to acquire 1630 W. Highway 77 (the "Property"), a 14,430-square-foot single-tenant office asset in San Benito, Texas.

 

The Property offers a stable, government-backed income stream supported by a long-term tenancy with the Texas Health and Human Services Commission (HHSC). The property was a build-to-suit for the agency which has occupied the Property since October 2011, reflecting 15 years of continuous occupancy. The facility is fully leased, with approximately five years remaining on the current lease term.

 

The lease is structured on a modified gross basis, with the tenant responsible for water and electricity while ownership covers the remaining operating expenses, creating a durable and low-management income stream. HHSC's long tenure at the Property demonstrates its operational importance to the agency, and the limited availability of comparable office space in the market reduces the likelihood of relocation. The Property also serves a critical role within HHSC's South Texas service network, supporting the delivery of essential public services throughout the Lower Rio Grande Valley.

 

Backed by the credit of the State of Texas, the tenancy offers a highly secure income stream with minimal default risk. The current lease extends through Sept. 30, 2031. As a result, the Property provides dependable government-backed cash flow and future upside through the potential extension of an established, long-term tenancy.

Investment Highlights

Located along U.S. Highway 77 (I-69E) in San Benito, Texas, the Property benefits from direct freeway access and strong regional connectivity throughout the Rio Grande Valley,

including Brownsville, Harlingen and surrounding communities.

 

Constructed in 2011, the 14,430-square-foot, single-story facility is situated on 1.81 acres and is purpose-built for long-term government occupancy.

 

Long-term occupancy by the Texas Health and Human Services Commission underscores the Property's mission-critical role within the agency's regional operations.

 

A lease term extending through Sept. 30, 2031 offers durable income supported by State of Texas credit and future value through a likely lease extension.

deal gallery image
deal gallery image
deal gallery image
1630 W Business 77San Benito, TX 78586

Sales Team

deal image

Inquire

Listing provided by LightBox Revere