Cap Rate
6.5%
Gross SQFT
6,398
Year Built
2018
Term Remaining
±5 Years
NOI
$221,848
Property Type
Healthcare
ADDITIONAL LISTING AGENT
INVESTMENT HIGHLIGHTS
Location:
- Strategic Location in Arlington, TX: Situated within the Dallas-Fort Worth Metroplex, the fastest-growing region in the U.S., enhancing long-term investment potential.
- Proximity to Key Medical Facilities: Only 1,063 feet from Medical Center of Arlington Hospital, ensuring strong synergy and patient referrals between healthcare providers.
- Accessibility & High Visibility: Easily accessible via major highways (I-20 and I-30) with excellent road frontage, offering high exposure and convenient access for patients.
- Business-Friendly Environment: Located in an income tax-free state (Texas), which is highly attractive for business operations and economic growth.
Tenant:
- Leased to Quest Care Medical Clinic: A trusted provider of urgent care services with a strong patient base, offering reliable medical care in a growing market.
- Healthcare Industry Stability: The medical industry is recession-resistant, with Quest Care Medical Clinic addressing an essential healthcare need in the community.
- Backed by Strong Guarantor: The lease is guaranteed by Envision Health Corporation, a well-established healthcare company with annual revenue exceeding $4 billion, providing added financial security.
- Lease Terms with Annual Increases: The lease includes a 2% annual rent increase, ensuring long-term income growth, even during inflationary periods.
Area:
- Dense Population Base: Over 138,000 residents live within a 3-mile radius, providing a substantial and growing local patient base for the medical clinic.
- Strategic Consumer Base: Located near schools, daycares, and residential neighborhoods, offering a diverse and steady stream of patients, including families, seniors, and young professionals.
- Growing Commercial Area: Situated in a rapidly developing area with new residential and commercial projects, ensuring continued population and economic growth.
- Proximity to Major Attractions: Close to high-traffic destinations like AT&T Stadium, Globe Life Park, and Six Flags Over Texas, which draw large numbers of visitors and increase overall traffic to the area.
Growth & Economic Outlook:
- Booming DFW Metroplex: The Dallas-Fort Worth area is consistently ranked as one of the top markets in the U.S. for both population growth and real estate development, ensuring long-term property value appreciation.
- Newer Construction: The property was built in 2018, featuring modern amenities and infrastructure that attract high-quality tenants like Quest Care Medical Clinic.
- Favorable Market Conditions: Arlington and the surrounding areas continue to experience rapid population growth, contributing to a growing demand for healthcare services.
Broker of Record
- Patrick Graham
- License No. 9005919 (TX)
- (866) 889-0550
- Matthews Real Estate Investment Services, Inc
- 8300 Douglas Ave.,
Ste. 750, Dallas, TX 75225