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Atmos Energy Office & Service Center 142 N FM 730

9,790 SF Light Industrial Building Boyd, TX 76023 £2,194,258 (£224/SF) 7.25% Net Initial Yield

Investment Highlights

  • Atmos Energy is a publicly traded company (NYSE: ATO) and is an exceptionally strong national credit tenant (S&P: "A-1")
  • Property was a build to suit for Atmos Energy in 2005
  • Absolute triple net lease with no landlord obligations
  • Recently extended lease term indicating a strong commitment to the site
  • Property consists of a 4,430 square foot office building and a 5,360 square foot warehouse/material and equipment storage building on a 2.23 acre site
  • Recent lease extension indicates commitment to the site

Executive Summary

Transwestern National Net Lease | Sale Leaseback Group is pleased to present a single-tenant absolute triple net office building and warehouse/service building property totaling approximately 9,790 square feet on 2.232 acres corporately leased to Atmos Energy at 142 North FM 730, Boyd, Texas. Atmos Energy is one of the largest natural-gas-only distributors in the United States.
Having occupied the Property since late 2005, and indicating a strong commitment to the site, in October 2024, Atmos Energy early extended its lease for an additional three (3) years, providing nearly four (4) years of remaining lease term with a new expiration of October 31, 2028. Tenant has one (1) remaining three (3) year renewal option by providing twelve (12) months’ prior written notice.
Boyd, Texas, situated just 35 miles northwest of Fort Worth, is a charming rural community in Wise County with a county-wide population of 78,097. Although most of the county population comes from Decatur, located 12 miles directly north, Boyd is itself experiencing significant population growth, growing 6.32% annually and having experienced an increase in population of 31.18% since the most recent census in 2020.
Atmos Energy, a publicly traded corporation (NYSE: ATO), provides natural gas service to more than three million customers in 1,400 communities in nine states. Its roots can be traced back to the Texas Panhandle nearly 120 years ago. For the fiscal year 2023, Atmos generated more than $4.2 billion in total operating revenues with more than $1 billion in total comprehensive income. Atmos Energy’s S&P credit rating is “A-“.

Data Room Click Here to Access

Property Facts

Price £2,194,258
Price Per SF £224
Sale Type Investment NNN
Net Initial Yield 7.25%
Property Type Light Industrial
Property Subtype
Showroom
  • Industrial Distribution
  • Industrial Service
  • Office Industrial Live Work Unit
Building Class A
Lot Size 2.23 AC
Rentable Building Area 9,790 SF
Number of Floors 1
Year Built 2005
Tenancy Single
Parking Ratio 3.47/1,000 SF
Level Access Doors 3

Amenities

  • Fenced Lot
  • Signage
  • Storage Space
  • Monument Signage

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • Atmos Energy
  • Utilities
  • -
  • -
  • -
Tenant Industry SF OCCUPIED RENT/SF Lease End
Atmos Energy Utilities - - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
A0164001805
Land Assessment
£185,472
Improvements Assessment
£1,071,896
Total Assessment
£1,257,369

zoning

Zoning Code I-1 (Industrial-Light) (Industrial Light)
I-1 (Industrial-Light) (Industrial Light)
  • Listing ID: 34225657

  • Date on Market: 17/12/2024

  • Last Updated:

  • Address: 142 N FM 730, Boyd, TX 76023

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