Palestine, TX - Atmos Energy

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 additional option period, driving NOI growth and providing a strong inflation hedge

• Strategically located just off TX-256 Loop E (18,700 VPD), a key local thoroughfare providing strong connectivity throughout Palestine
• The trade area is anchored by more than 22,800 residents and 14,600 employees, providing a stable consumer and employment base
• An average household income of $66,462, combined with solid population and workforce density, supports strong underlying real estate fundamentals