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Single-Tenant Office Medical

Action Behavior Center | 7551 Cleveland Gibbs Rd

7551 Cleveland Gibbs Rd, Argyle, TX 76226

Listing Price: $3,768,019

Cap Rate
6.50%
Tenant Name
Action Behavior Center
Years Remaining On Lease
9.2
Gross SF
8,519
Guarantor
National Franchisor
Rentable SF
8,519
Price/Gross SF
$442.31
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$28.75

Investment Overview

Marcus & Millichap is pleased to exclusively list for sale 7551 Cleveland Gibbs Road in Argyle, Texas, which is a single-tenant medical property occupied by Action Behavior Centers. 7551 Cleveland Gibbs Road is an 8,519 square foot medical office building with 2023 construction on 54,424 square feet of land.

The investment property offers an investor an opportunity to purchase a newly-constructed medical property in the rapidly-growing Argyle/Northlake market, occupied by one tenant with a strong guarantee by a national company. The Property is offered at a price of $3,768,019, which is a 6.5 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
  • Located Within the Harvest by Hillwood Master-Planned Community, Voted Master-Planned Community of the Year by Dallas Builders Association
  • $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 | 7551 Cleveland Gibbs Rd

Listing Price: $3,768,019

Cap Rate
6.50%
Tenant Name
Action Behavior Center
Years Remaining On Lease
9.2
Gross SF
8,519
Guarantor
National Franchisor
Rentable SF
8,519
Price/Gross SF
$442.31
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$28.75

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
  • Located Within the Harvest by Hillwood Master-Planned Community, Voted Master-Planned Community of the Year by Dallas Builders Association
  • $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 7551 Cleveland Gibbs Road in Argyle, Texas, which is a single-tenant medical property occupied by Action Behavior Centers. 7551 Cleveland Gibbs Road is an 8,519 square foot medical office building with 2023 construction on 54,424 square feet of land. The investment property offers an investor an opportunity to purchase a newly-constructed medical property in the rapidly-growing Argyle/Northlake market, occupied by one tenant with a strong guarantee by a national company. The Property is offered at a price of $3,768,019, which is a 6.5 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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