3509 3Rd StTemple, TX 76501

Property Details for 3509 3Rd St

Year built

1996

Lot size

3.98 AC

Property size (Sq ft)

17,770 SF

Zone code

LI

Property type

Other 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.

• Alternative Use

  Use

  Valuation

  Residential

  $4,435,354

  Hospitality

  $4,062,761

  Educational

  $3,380,170

  Medical

  $3,496,419

  Retail

  $5,258,042

Location Insight

City

Temple

County

Bell

State

Texas

Latitude

31.1301

Longitude

-97.3317

CBSA code

28660

CBSA name

KILLEEN-TEMPLE-FORT HOOD, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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