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Single-Tenant Office Medical

WellMed

2942 S Buckner Blvd, Dallas, TX 75227

Listing Price: $750,000

Cap Rate
9.28%
Tenant Name
WellMed
Years Remaining On Lease
1.0
Gross SF
4,400
Guarantor
Corporate Guarantee
Rentable SF
4,400
Price/Gross SF
$170.45
Lease Type
Double Net
Rent Per Square Feet
$15.82

Investment Overview

Marcus & Millichap is pleased to offer for sale this cash-flowing medical office building leased to WellMed. The building is 4,400 square feet, was constructed in 1987, and sits on approximately 0.44 acres of land. The lease is double-net with Landlord only responsible for roof and structure. The property has an extensive medical-use buildout that includes sophisticated x-ray equipment. The property is located in a dense retail corridor with multiple national brands such as Walmart, Fiesta Mart, McDonalds and others. There are strong population numbers to go along with nearly 35,000 VPD at the nearest intersection of Buckner Boulevard and Bearden Lane. The tenant is WellMed who purchased an established practice at this location in 2017. WellMed is a leading provider of geriatric medicine in Florida and Texas. At this location, they have two doctors, a nurse practitioner, and a physician assistant who see and treat patients. This location is consistently one of their more profitable clinics in the region. This opportunity offers an investor an asset with strong fundamentals both from a location and use standpoint. It is also priced at a 9.28% CAP - yielding above-market returns with relatively low downside.

Investment Highlights

  • Well-performing medical practice location
  • High population density and vehicle count
  • Little landlord responsibility
  • High in-place cash flow

Exclusively Listed By

Single-Tenant Office Medical

WellMed

Listing Price: $750,000

Cap Rate
9.28%
Tenant Name
WellMed
Years Remaining On Lease
1.0
Gross SF
4,400
Guarantor
Corporate Guarantee
Rentable SF
4,400
Price/Gross SF
$170.45
Lease Type
Double Net
Rent Per Square Feet
$15.82

Investment Highlights

  • Well-performing medical practice location
  • High population density and vehicle count
  • Little landlord responsibility
  • High in-place cash flow

Investment Overview

Marcus & Millichap is pleased to offer for sale this cash-flowing medical office building leased to WellMed. The building is 4,400 square feet, was constructed in 1987, and sits on approximately 0.44 acres of land. The lease is double-net with Landlord only responsible for roof and structure. The property has an extensive medical-use buildout that includes sophisticated x-ray equipment. The property is located in a dense retail corridor with multiple national brands such as Walmart, Fiesta Mart, McDonalds and others. There are strong population numbers to go along with nearly 35,000 VPD at the nearest intersection of Buckner Boulevard and Bearden Lane. The tenant is WellMed who purchased an established practice at this location in 2017. WellMed is a leading provider of geriatric medicine in Florida and Texas. At this location, they have two doctors, a nurse practitioner, and a physician assistant who see and treat patients. This location is consistently one of their more profitable clinics in the region. This opportunity offers an investor an asset with strong fundamentals both from a location and use standpoint. It is also priced at a 9.28% CAP - yielding above-market returns with relatively low downside.

Exclusively Listed By

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