Cap Rate
7.25%
Price Per SF
$359
Gross SQFT
16,508
Year Built
1993
Occupancy
100%
Term Remaining
±15 Years
NOI
$429,208
Property Type
Healthcare
LEAD LISTING AGENT
Email
[email protected]
License No.
02062491 (CA)
Direct
+1 (310) 955-5834
Mobile
+1 (818) 484-1658
ADDITIONAL LISTING AGENT
DEBT FINANCING AGENT
INVESTMENT HIGHLIGHTS
- High-Quality Healthcare Asset – This an ideal investment opportunity for investors looking to complement their existing portfolio, or begin investing in healthcare, with a recession-proof high-quality operator
- New Corporate Headquarter – Complex Healthcare Solutions recently opened doors to their new headquarters/clinic in 2023 and invested $4-$5M on the whole project, serving as a great indication of the tenant’s commitment to this site.
- Consistent Demographic Growth – 5-mile radius around the property experienced a 0.8% population increase between 2010-2023 and is expected to grow another 1.2% by 2028
- Inflationary Protected Lease – This lease features above-market, 2.50% annual rent increases, providing a major cash flow boost and equity appreciation tool, along with being a great inflationary hedge for investors
- 4th Most Populous MSA In U.S. – With a 2021 GDP of over $514 Billion, the Metroplex holds one of the world’s largest economies.
- Tax Free State – Texas is one of the 9 income tax-free states in the U.S
- Passive NNN Lease – This building features a fresh 15-year NNN lease with minimal landlord responsibilities, providing a passive investment vehicle for both local and out-of-state investors
- 3rd Most Populous County – The subject property is in Tarrant County which is the third most populous county in Texas and is located 17 miles east of Fort Worth. Within a 5-mile radius, there are over 290,000 residents, with household incomes of around $83,000
- Dense Market Location – The building has excellent visibility sitting alongside Interstate 20 Ronald Reagan Memorial Hwy which sees ±165,000 VPD and is strategically located minutes away from The Parks Mall at Arlington (1.5M SF shopping mall), Reunion Rehabilitation Hospital (50,800 SF hospital), Medical City Arlington (433-bed hospital), USMD Hospital Arlington and many other national tenants
- Andrew Fagundo, Michael Moreno, & Rahul Chhajed in conjunction with Matthews Real Estate Investment Services, Inc., a cooperating foreign broker for this listing pursuant to Section 535.4(b) of the Texas Administrative Code.
Broker of Record
- Kyle Matthews
- License No. 9005919 (TX)
- (866) 889-0550
- Matthews Real Estate Investment Services, Inc.
- 8300 Douglas Ave.,
Ste. 750, Dallas, TX 75225