Highlights
•Backed by U.S. Government Credit (S&P AA+ Rating) •Custom-Built for the Social Security Administration in 2006 •Situated in a State with No Income Tax •Prime Location with Direct Access to I-75 and Sam Rayburn Tollway (SH 121) •Secure 15-Year Lease Term in Place •Constructed to Meet SSA’s Level II Security Standards •Located in a Rapidly Expanding Market with Over 327% Population Growth Since 1999 •Eligible for 80% Bonus Depreciation with a Closing Before Year-End
Description
The Ficke Team at Colliers is pleased to offer an exclusive investment opportunity featuring the Social Security Administration (SSA) office located at 3250 Craig Drive in McKinney, Texas. This asset is anchored by a premier investment-grade tenant (S&P AA+) and is situated in a rapidly growing market approximately 30 miles north of the Dallas-Fort Worth metroplex. Originally constructed in 2006 as a build-to-suit for the SSA, the agency reaffirmed its long-term commitment to the property with a new 15-year lease signed in 2021—providing investors with stable, long-term cash flow backed by the full faith and credit of the U.S. Government. The property also benefits from Texas' income tax-free environment and favorable financing options, further enhancing its investment appeal. Fully leased to a single federal tenant, the building comprises 15,544 rentable square feet and sits on an oversized 2.55-acre parcel with prime visibility and access from I-75 and the Sam Rayburn Tollway (SH 121). Recent capital improvements include new LED lighting throughout and the full replacement of all 12 HVAC units in 2021. The facility was constructed to meet SSA’s specialized build-out standards and Level II security protocols. As part of the lease renewal, the federal government approved approximately $575,000 in tenant improvement (TI) and Building Specific Amortized Capital (BSAC) upgrades, reinforcing the SSA’s continued investment in the location.
Listing Details
- Tenancy
Single
- Space Type
office
- Sub Category
executive
- Date Listed
9/9/2025
- Net Operating Income
$369,968
Property Specifics
- Property Name
Social Security Administration
- Property Class
B
- No of Buildings
1
- No of Stories
1
- Year Built
2006
- Building Size
15,544 SF
- Lot Size
2.55 AC
- Occupancy
100%