Office Medical
MACARTHUR DENTAL COMPLEX
3000 N MacArthur Blvd, Irving, TX 75062
Listing Price: $3,410,000
Cap Rate
7.25%
Rentable SF
6,600
Occupancy
100.0%
Year Built
1970
Lot Size
0.52 acres
Investment Overview
Multi-Tenant Dental Investment | 10-Year NNN Leases with 9 Years Remaining
MACARTHUR DENTAL COMPLEX
Investment Highlights
- Multi-Tenant Dental Investment | 10-Year NNN Leases with 9 Years Remaining
- NNN Leases with Minimal LL Responsibilities | 3% Annual Rent Increases
- Three Long-Standing, Successful Dental Practices Occupying Four Buildings All Situated on One Parcel (6,600 Total RSF / 0.52 Acre)
- Strategic & Synergistic Location | Only 1 Mile from Baylor Scott & White Hospital (293 Beds) and Less Than 1 Mile from MacArthur High School (2,600+ students) and Albert Farine Elementary School (900+ Students)
- 8.18% Blended Cap Rate Over Base Term
- Favorable Historical Occupancy | Has Been Tenanted by Dental Practices for Over 15 Years
- Dental Practices are Very "Sticky" Tenants Due to Their Specialized Build-Out, High Cost of Moving and Long-Standing Patient Base
- Strong Demographics: $246,000 5-Mile Population / $93,000 1-Mile Average Household Income
Exclusively Listed By
Broker of Record
-
Tim Speck
Executive Managing Director / Chief Revenue Officer
Financing By
Listing Price: $3,410,000
Cap Rate
7.25%
Rentable SF
6,600
Occupancy
100.0%
Year Built
1970
Lot Size
0.52 acres
Investment Highlights
- Multi-Tenant Dental Investment | 10-Year NNN Leases with 9 Years Remaining
- NNN Leases with Minimal LL Responsibilities | 3% Annual Rent Increases
- Three Long-Standing, Successful Dental Practices Occupying Four Buildings All Situated on One Parcel (6,600 Total RSF / 0.52 Acre)
- Strategic & Synergistic Location | Only 1 Mile from Baylor Scott & White Hospital (293 Beds) and Less Than 1 Mile from MacArthur High School (2,600+ students) and Albert Farine Elementary School (900+ Students)
- 8.18% Blended Cap Rate Over Base Term
- Favorable Historical Occupancy | Has Been Tenanted by Dental Practices for Over 15 Years
- Dental Practices are Very "Sticky" Tenants Due to Their Specialized Build-Out, High Cost of Moving and Long-Standing Patient Base
- Strong Demographics: $246,000 5-Mile Population / $93,000 1-Mile Average Household Income
Investment Overview
Multi-Tenant Dental Investment | 10-Year NNN Leases with 9 Years Remaining
Exclusively Listed By
Broker of Record
-
Tim Speck
Executive Managing Director / Chief Revenue Officer
Financing By
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