NEW CONSTRUCTION WITH NEW 11-YEAR LEASE: 2021 construction. The new construction paired with a 11-year base term makes this asset very attractive to a long-term holder.. PRIME LOCATION: Excellent visibility from W. Stan Schlueter Loop.. INTRINSIC DEMAND: Located 2.5 miles south of Fort Hood, US military installation housing over 45,000 active-duty military personnel and 8,900 civilian contractors making it the most populous US military installation in the world.