Investment Overview

Marcus & Millichap is pleased to exclusively list for sale 516 W Bonds Ranch Road in Fort Worth, Texas, which is a single-tenant medical property occupied by Action Behavior Centers. 516 W Bonds Ranch Road is an 8,500 square foot medical office building with 2023 construction. The property is positioned as a condominium on 88,862 square feet of land with a 54.47 percent ownership share of the land alongside one other condominium building. The investment property offers an investor an opportunity to purchase a newly-constructed medical property in the rapidly-growing Fort Worth market, occupied by one tenant with a strong guarantee by a national company. The Property is offered at a price of $4,141,200, which is a 6.25 percent CAP Rate in years one and two. From the third year onward, the lease features annual escalations of $0.50 per square foot per year, allowing for an appreciation in income and a hedge to inflation. The lease, backed by Action Behavior Centers, allows the investor to collect fully for taxes, insurance, common area maintenance, management, and roof and structure. Note that there is a five percent cap on annual increases to common area maintenance expenses. This lease structure provides investors with a stable investment with minimal landlord responsibilities and the ability to bill the tenant for management fees.