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Shopping Strip

1759 Broad Park - West Building

1759 Broad Park Cir S, Mansfield, TX 76063

Listing Price: $2,329,000

Cap Rate
6.00%
Gross SF
5,501
Rentable SF
5,501
Price/Gross SF
$423.38
Lot Size
0.65 acres
Year Built
2009

Investment Overview

The subject property is a 5,501-square-foot, three-tenant medical office building located in the Dallas-Fort Worth suburb of Mansfield, Texas. The building is 100 percent occupied, and all leases are triple-net. Tenants consist of Pro Soft Implantology and Periodontics, Texas Center for Urology, and Change My Life Counseling. All leases have personal guarantees and include options for renewal. The building was constructed in 2009 and sits on a 0.32-acre lot. The subject property is part of a condominium association. The subject property is located on Broad Park Circle at Regency Parkway in a medical office park. Baylor Scott & White Surgicare at Mansfield sits directly south of the property and provides a broad range of outpatient surgical procedures. The Shops at Broad, a 500,000-square-foot development featuring retail, entertainment/sports venues, and apartments, is located directly across East Broad Street from the subject property. Major retailers include At Home, T.J. Maxx, Belk, Academy Sports and Outdoors, Fieldhouse USA, Children’s Health Star Center, Starbucks, Banfield Pet Hospital, McAlister’s Deli, MOD Pizza, Torchy’s Tacos, 54th Street Restaurant, Cold Stone Creamery, and more. H-E-B has announced the company will begin construction in early 2023 on a new grocery store to be located on the corner of U.S. 287 and Broad Street.

Investment Highlights

  • 5,501-Square-Foot, Three-Tenant Medical Office Building | Part of a Condominium Association
  • 100% Occupied | All Leases are Triple-Net | All Leases have Personal Guarantees and Include Options for Renewal
  • Staggered Lease Term Expirations over the Next Five to Ten Years
  • Well Positioned in a Medical Office Park on Broad Park Circle South and Regency Parkway
  • Baylor Scott & White Surgicare at Mansfield Sits Directly South of the Property, Offering a Broad Range of Outpatient Surgical Procedures

Exclusively Listed By

Shopping Strip

1759 Broad Park - West Building

Listing Price: $2,329,000

Cap Rate
6.00%
Gross SF
5,501
Rentable SF
5,501
Price/Gross SF
$423.38
Lot Size
0.65 acres
Year Built
2009

Investment Highlights

  • 5,501-Square-Foot, Three-Tenant Medical Office Building | Part of a Condominium Association
  • 100% Occupied | All Leases are Triple-Net | All Leases have Personal Guarantees and Include Options for Renewal
  • Staggered Lease Term Expirations over the Next Five to Ten Years
  • Well Positioned in a Medical Office Park on Broad Park Circle South and Regency Parkway
  • Baylor Scott & White Surgicare at Mansfield Sits Directly South of the Property, Offering a Broad Range of Outpatient Surgical Procedures

Investment Overview

The subject property is a 5,501-square-foot, three-tenant medical office building located in the Dallas-Fort Worth suburb of Mansfield, Texas. The building is 100 percent occupied, and all leases are triple-net. Tenants consist of Pro Soft Implantology and Periodontics, Texas Center for Urology, and Change My Life Counseling. All leases have personal guarantees and include options for renewal. The building was constructed in 2009 and sits on a 0.32-acre lot. The subject property is part of a condominium association. The subject property is located on Broad Park Circle at Regency Parkway in a medical office park. Baylor Scott & White Surgicare at Mansfield sits directly south of the property and provides a broad range of outpatient surgical procedures. The Shops at Broad, a 500,000-square-foot development featuring retail, entertainment/sports venues, and apartments, is located directly across East Broad Street from the subject property. Major retailers include At Home, T.J. Maxx, Belk, Academy Sports and Outdoors, Fieldhouse USA, Children’s Health Star Center, Starbucks, Banfield Pet Hospital, McAlister’s Deli, MOD Pizza, Torchy’s Tacos, 54th Street Restaurant, Cold Stone Creamery, and more. H-E-B has announced the company will begin construction in early 2023 on a new grocery store to be located on the corner of U.S. 287 and Broad Street.

Exclusively Listed By

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