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Hillsboro, TX - Atmos Energy

$1,811,000

1507 Abbott Ave, Hillsboro, TX 76645

Active
Last Updated: 10/22/2025

6

Cap Rate

108,688

NOI

Details:
Cap Rate:    6%
NOI:    $108,688
Building Size:    3,990 sqft
Lot Area:    2.14 acres
Occupancy:    100%
Year Built:    2005
Zoning:    Light Industrial (I-1)
Description:

- The tenant, Atmos Energy Corporation, recently executed a new 10-year renewal that commenced 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 I-35 (65,000 VPD), a major north–south artery offering exceptional regional connectivity throughout Texas
- The trade area is anchored by more than 9,400 residents and 5,500 employees, providing a stable consumer and employment base
- An average household income of $79,134, combined with solid population and workforce density, supports strong underlying real estate fundamentals

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