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Temple, TX - Atmos Energy

$3,226,000

2138 Lucius McCelvey Dr, Temple, TX 76504

Active
Last Updated: 09/18/2025

6

Cap Rate

193,582

NOI

Details:
Cap Rate:    6%
NOI:    $193,582
Building Size:    14,382 sqft
Lot Area:    2.04 acres
Occupancy:    100%
Year Built:    2008
Zoning:    LI: Light Industrial
Description:

• The tenant, Atmos Energy Corporation, recently executed a new 10-year renewal commencing October 1, 2025, following 20 years of continuous operation at the site, reinforcing their long-term commitment and ensuring future income stability
• The lease includes two (2) additional 5-year renewal options with 3% annual increases throughout the current term and escalations to the greater of 9% or market rent at the start of each option, driving NOI growth and providing a strong inflation hedge

• Strategically positioned just off Interstate 35 (76,600 VPD), a major north–south artery offering exceptional regional connectivity throughout Texas
• The trade area is anchored by more than 75,000 residents and 45,000 employees, providing a stable consumer and employment base
• An average household income of $84,319, combined with solid population and workforce density, supports strong underlying real estate fundamentals

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