901 S. Central (the "Property" or the "Offering") home to the Fossil Headquarters, a five-story, 535,731 square foot office building, located on ~29 acres in the Dallas / Fort Worth Metroplex. The Property is 100% leased to the Fossil Group, Inc. (NASDAQ: FOSL), a Fortune 1000, Texas-based fashion designer and manufacturer founded in 1984, with annual revenue of over $2.2 billion and over 10 years of lease term remaining. Current ownership has invested over $4 million of capital expenditures including elevator and escalator modernization, EMS upgrades, and partial HVAC upgrades along with Fossil’s $1 million investment into the Property to improve the exterior parking and landscaping. In addition to the cash flow stability provided by the long-term Fossil lease, the Offering also includes 9.4 acres of developable land that provides investors with an additional upside opportunity by densifying the site and establishing a mixed-use environment. The offering is a unique covered land play in a rare infill site in one of the most dynamic metros in the country.
- 535,731 RSF
- ~29 Acres
- 100% Occupied
- TENANT: Fossil Group (NASDAQ: FOSL)
- 10.3 Years Remaining Lease Term
- 4.00/1,000 Parking