3061 State Highway 66, Caddo Mills, Texas

Description

This highly productive and 100% leased property is ideally suited for savvy investors looking for a stabilized income with long term tenants. The masonry and steel constructed improvements were originally designed and used as a church, later repurposed with 22,364 square feet of leasable area in two leased units. The long-term tenants include a bi-lingual day care and gymnastics and cheer facility utilizing the full-size gym and related office, conference, viewing areas and kitchen. This high traffic location is located just east of downtown Caddo Mills, Texas, one of the fastest growing communities in the DFW and Hunt County area, with excellent schools, significant residential development and prospects for continued growth and sustainability. This leased fee property is surrounded by commercial, retail and industrial uses with additional excess land available on the site that affords the opportunity to increase the income possibilities with additional improvements or other uses. Supporting lease and other statistical data available from the listing agent. Due to the nature of the current tenant uses, special showing arrangements will need to be made when possible. The seller is a licensed real estate agent.

Directions: Located just east of the downtown area of Caddo Mills on the north side of State Highway 66. GPS directions should be valid.