1503 N Center Street, Bonham, TX 75418

Fully Leased commercial Building. Leased to State of Texas-  Texas Family Initiative for monthly rent of $3600 unit nov 30 -2028 with every year $100 increse in rent . Cap Rate of 6.5. Utilities and maintenance on actuals paid directly by tenant. Repairs to be paid by tenant unless structural.Rent clause image from lease agreement. Owner Pays Annual Taxes of $6100 -Year New Commercial Electrical wiring systems-2023New Plumbing and ADA restrooms-2023;New Foam insulation-2023;New doors, trims and windows-2023New Flooring, Painting, door knobs and other finish items-2023;New concrete, sidewalks, parking per approved site plan;New Landscaping