Skip to main content

Single-Tenant Office Medical

Texas Medical Institute

3304 SE Loop 820, Fort Worth, TX 76140

Listing Price: $3,066,667

Cap Rate
6.75%
Tenant Name
Texas Medical Institute
Gross SF
11,500
Guarantor
Private Guarantee
Rentable SF
11,500
Price/Gross SF
$266.67
Lease Type
Absolute Net
Rent Per Square Feet
$18.00

Investment Overview

Marcus & Millichap is pleased to offer for sale this medical office building located in Fort Worth, Texas. It is an 11,500-square-feet building constructed in 1998 that sits on approximately 0.93 acres of land. It is surrounded by national retail and hospitality brands and sits on the I-20 service road in between Wichita Street and Forest Hill Drive - two roads that see over 20,000 VPD as of 2020. It is also near the South campus of Tarrant County College - a system with nearly 50,000 enrolled students. The Texas Medical Institute expanded into the entire building in March of 2020. They are looking to sign a 10-year leaseback at closing. They have operated at this location since 2008 and have invested significant capital into their space. With that operating history and with growing from a single doctor to four providers, they are committed to their local patients and to the site long-term. The property provides an investor with an attractive building generating solid returns. It is well situated and established as the prominent clinic in the locale. It is located about 1 mile from the VA of North Texas - a large medical center that sold in late 2018 for $96 million, or $429 per foot.

Investment Highlights

  • STABLE CASH FLOW - 10-year lease in place with 2% annual increases. Securitized by a strong practice with great financial history.
  • ZERO LANDLORD RESPONSIBILITIES - Absolute-net lease makes the investment entirely passive over the lease term.
  • EXCELLENT LOCATION - Surrounded by national retailers and service providers. Across the road from Tarrant County College. Hospital Proximity.
  • MEDICAL USE - Recession-resistant, essential medical care location. Tenant had their best year on-record in 2020.
  • NEW BUILDOUT - The interior was completely redone in early 2021.

Exclusively Listed By

Single-Tenant Office Medical

Texas Medical Institute

Listing Price: $3,066,667

Cap Rate
6.75%
Tenant Name
Texas Medical Institute
Gross SF
11,500
Guarantor
Private Guarantee
Rentable SF
11,500
Price/Gross SF
$266.67
Lease Type
Absolute Net
Rent Per Square Feet
$18.00

Investment Highlights

  • STABLE CASH FLOW - 10-year lease in place with 2% annual increases. Securitized by a strong practice with great financial history.
  • ZERO LANDLORD RESPONSIBILITIES - Absolute-net lease makes the investment entirely passive over the lease term.
  • EXCELLENT LOCATION - Surrounded by national retailers and service providers. Across the road from Tarrant County College. Hospital Proximity.
  • MEDICAL USE - Recession-resistant, essential medical care location. Tenant had their best year on-record in 2020.
  • NEW BUILDOUT - The interior was completely redone in early 2021.

Investment Overview

Marcus & Millichap is pleased to offer for sale this medical office building located in Fort Worth, Texas. It is an 11,500-square-feet building constructed in 1998 that sits on approximately 0.93 acres of land. It is surrounded by national retail and hospitality brands and sits on the I-20 service road in between Wichita Street and Forest Hill Drive - two roads that see over 20,000 VPD as of 2020. It is also near the South campus of Tarrant County College - a system with nearly 50,000 enrolled students. The Texas Medical Institute expanded into the entire building in March of 2020. They are looking to sign a 10-year leaseback at closing. They have operated at this location since 2008 and have invested significant capital into their space. With that operating history and with growing from a single doctor to four providers, they are committed to their local patients and to the site long-term. The property provides an investor with an attractive building generating solid returns. It is well situated and established as the prominent clinic in the locale. It is located about 1 mile from the VA of North Texas - a large medical center that sold in late 2018 for $96 million, or $429 per foot.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower