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Single-Tenant Office Medical

Action Behavior Center | 516 W Bonds Ranch Rd

516 W Bonds Ranch Rd, Fort Worth, TX 76131

Listing Price: $4,141,200

Cap Rate
6.25%
Tenant Name
Action Behavior Center
Years Remaining On Lease
9.7
Gross SF
8,500
Guarantor
National Franchisor
Rentable SF
8,500
Price/Gross SF
$487.20
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$30.45

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.

Investment Highlights

  • Single-Tenant Triple-Net Leased Property: Tenant Reimburses for All Expenses Incurred, Including Roof and Structure
  • Landlord May Charge Tenant a Management Fee
  • New 2023 Construction
  • Lease Guaranteed by Action Behavior Centers, LLC: Over 180 Locations Nationwide
  • Fort Worth is Named by US Census as the Fastest-Growing Large City in the United States
  • $0.50 Per Square Foot Annual Increases Commencing Year Three
  • Fresh Ten-Year Lease

Exclusively Listed By

Financing By

Single-Tenant Office Medical

Action Behavior Center | 516 W Bonds Ranch Rd

Listing Price: $4,141,200

Cap Rate
6.25%
Tenant Name
Action Behavior Center
Years Remaining On Lease
9.7
Gross SF
8,500
Guarantor
National Franchisor
Rentable SF
8,500
Price/Gross SF
$487.20
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$30.45

Investment Highlights

  • Single-Tenant Triple-Net Leased Property: Tenant Reimburses for All Expenses Incurred, Including Roof and Structure
  • Landlord May Charge Tenant a Management Fee
  • New 2023 Construction
  • Lease Guaranteed by Action Behavior Centers, LLC: Over 180 Locations Nationwide
  • Fort Worth is Named by US Census as the Fastest-Growing Large City in the United States
  • $0.50 Per Square Foot Annual Increases Commencing Year Three
  • Fresh Ten-Year Lease

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.

Exclusively Listed By

Financing By

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