1841 N Jupiter Rd - Office FOR SALE


Garland, TX 75042
$3,758,800 USD
847-562-8500
1841 N Jupiter Rd, Garland, TX for Sale
$3,758,800 USD
Office - FOR SALE
1/3
null | 8% Cap Rate

1841 N Jupiter Rd
Garland, TX 75042


HIGHLIGHTS

  • Positioned within the Dallas MSA – Ranked #4 in the United States for population size
  • Significant 3% annual rental escalations
  • NNN – No landlord responsibilities
  • Over 382,500 people live within a five-mile radius
  • Located near the intersection of North Jupiter Road (34,500 VPD) & Buckingham Road (31,400 VPD)
  • Neighboring retailers include The Home Depot, Albertsons, Walgreens, Starbucks, Wells Fargo, Chase Bank, The UPS Store, & Medical City ER Garland

OVERVIEW

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Biomat USA property positioned within the Dallas MSA in Garland, Texas. Biomat USA has been operating at this location since 2017 when they signed a 10-year lease. The current lease runs through August 2027 and features significant 3% annual rental escalations throughout the remaining term, along with three 5-year renewal options. The lease is triple net and features no landlord responsibilities. Additionally, Texas is an income tax free state. The 13,858-square-foot building benefits from its location just off the intersection of North Jupiter Road and Buckingham Road, which together experience over 65,900 vehicles per day. Several nationally recognized tenants occupy the same intersection, including The Home Depot, Albertsons, Walgreens, Starbucks, Wells Fargo, Chase Bank, The UPS Store, and Medical City ER Garland. Additionally, the property is less than one mile from LV Berkner High School STEM Academy, which serves 2,700 students. Garland is a suburb located 16 miles northeast of Dallas, one of the largest metros in the United States. There are over 382,500 residents within a five-mile radius. The average household income in this area is a six-figure amount of $107,607. BioMat USA, Inc. is a subsidiary of Grifols, a multinational pharmaceutical and chemical manufacturer headquartered in Barcelona, Spain. Founded in 1909, the company is the largest global producer of plasma-based products and has over 23,000 employees. Grifols operates over 400 plasma donation centers throughout Europe, the United States, Canada, and Egypt. Grifols has been a pioneer in advancing plasma science, as the company has numerous achievements including developing the plasmapheresis procedure that revolutionized the safe and efficient collection of plasma.

FOR SALE DETAILS

PRICE

$3,758,800 USD

PRICE/SF

$271 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Biomat USA

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

2.24 AC

LAND SF

97,574 SF

ZONING

SCA

APN/PARCEL ID

26054550010030000

ASK ABOUT THIS PROPERTY

Jimmy GoodmanThe Boulder GroupMore Info
847-562-8500

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Jimmy GoodmanThe Boulder GroupMore Info
847-562-8500

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.