Investment Overview

Marcus & Millichap Real Estate Investment Services is pleased to offer for sale the Abundant Home Health flex building located in Arlington, Texas. The property is in Tarrant County with approximately 5,160 square feet of rentable space. The property is currently fully occupied by Abundant Home Health LLC, a healthcare agency that provides high-quality in-home care services. Centrally located in the DFW Metroplex, The Abundant Home Health building was built in 2000 and recently renovated in 2021. The tenant has occupied the property since 2018 and will be executing a market-rate NNN lease upon closing, including annual rent increases and a corporate guarantee. The property is a true flex building, featuring a quality finish out, overhead garage door access to warehouse space, a reception area, eleven private offices, a conference room, a file room, a server room, a gated courtyard, and ample parking with covered spaces. Flex properties, such as The Abundant Home Health building, typically boast a 6.3 percent vacancy rate on average in the DFW metroplex. Incoming investors should look to take advantage of the long-term lease with minimal landlord responsibility. With a 5-year hold period, we estimate a levered 18 percent internal rate of return, making this a great deal for investors looking to grow equity. The single-tenant flex building is conveniently located less than a mile from Interstate 30, allowing for easy access to the property. The subject property benefits from strong demographics, serving a five-mile population of approximately 246,939 residents with a one-mile average household income exceeding $82,334