Investment Overview

Marcus & Millichap is pleased to 200 University Avenue, Wharton, Texas. The office was constructed in 2014 and is comprised of 4,500 square feet situated on 0.692 acres. The State of Texas Department of Family and Protective Services operates under a gross lease structure with CPI increases. There are five years remaining on the lease, with the tenant occupying the location since 2015, demonstrating their long-term commitment. The lease is backed by the State of Texas with an AAA credit rating from Fitch Ratings. As part of the lease renewal, upgrades were completed, including exterior power washing and parking lot restriping. The Texas Department of Family and Protective Services (DFPS) is a state agency dedicated to protecting children, elderly adults, and individuals with disabilities from abuse, neglect, and exploitation. Operating under the Texas Health and Human Services Commission (HHSC), DFPS oversees several key programs: • Child Protective Services (CPS) – Investigates child abuse and neglect reports, provides foster care and adoption services and ensures children's safety. • Adult Protective Services (APS) – Protects elderly adults (65+) and individuals with disabilities from abuse, neglect, and financial exploitation. • Prevention and Early Intervention (PEI) – Offers family support programs aimed at preventing child abuse and reducing the need for CPS intervention. • The building is located on University Avenue at Fulton Street, with convenient access to Boling Highway, which experiences high volumes exceeding 18,000 vehicles per day. Wharton, Texas, is a historic city in southeast Texas, approximately 60 miles southwest of Houston along the Colorado River. As the county seat of Wharton County, it boasts a rich history dating back to the 1800s.