Boyd Flex for Sale - Wise County
PRICE REDUCED! NOW OFFERED AT $2,580,645 / 7.75% CAP!
Transwestern National Net Lease | Sale Leaseback Group is pleased to present a single-tenant absolute triple net office building and warehouse/service building property totaling approximately 9,790 square feet on 2.232 acres corporately leased to Atmos Energy at 142 North FM 730, Boyd, Texas. Atmos Energy is one of the largest natural-gas-only distributors in the United States.
Having occupied the Property since late 2005, and indicating a strong commitment to the site, Atmos Energy early extended its lease for an additional three (3) years, providing more than 3.5 years of remaining lease term with a new expiration of November 30, 2028. Tenant has one (1) remaining three (3) year renewal option by providing twelve (12) months’ prior written notice.
Boyd, Texas, situated just 35 miles northwest of Fort Worth, is a charming rural community in Wise County with a county-wide population of 78,097. Although most of the county population comes from Decatur, located 12 miles directly north, Boyd is itself experiencing significant population growth, growing 6.32% annually and having experienced an increase in population of 31.18% since the most recent census in 2020.
Atmos Energy, a publicly traded corporation (NYSE: ATO), provides natural gas service to more than three million customers in 1,400 communities in nine states. Its roots can be traced back to the Texas Panhandle nearly 120 years ago. For the fiscal year 2023, Atmos generated more than $4.2 billion in total operating revenues with more than $1 billion in total comprehensive income. Atmos Energy’s S&P credit rating is “A-“.
