2271 FM 663 - Health Club FOR SALE


Midlothian, TX 76065
$4,183,000 USD
704-697-1900
2271 FM 663, Midlothian, TX for Sale
$4,183,000 USD
Health Club - FOR SALE
1/5
null | 5% Cap Rate

2271 FM 663
Midlothian, TX 76065


HIGHLIGHTS

  • GREAT VISIBILITY ON HIGH TRAFFICKED RETAIL CORRIDOR
  • LARGEST DENTAL ORGANIZATION GUARANTY
  • POSITIONED NEAR MAJOR CONSUMER DRIVERS

OVERVIEW

RARE LEASE STRUCTURE - One of the first Abs. NNN Leased Heartland Dentals - Zero landlord responsibilities - 12 Years lease with four (4) five (5) year extensions - 10% rental Increases every 5 years and in option periods LARGEST DENTAL ORGANIZATION GUARANTY - Heartland Dental is the largest dental support organization in the United States - Over 1,800 Locations - 2023 Total Revenue was $3B DALLAS-FORT WORTH MSA - Dallas-Fort Worth-Arlington, TX MSA is the fourth most populous MSA in the Country at over 8 Million people - Per the U.S. Census Bureau, the Dallas-Fort Worth MSA is the fastest growing metro area in the Country - According to a report by Henley and Partners, the Dallas-Fort Worth area was the 18th wealthiest city in the world in 2022 NEW CONSTRUCTION - The Building has recently been built to suit the tenant’s specifications - Tenant has paid to add specific capital improvements to enhance operational performance POSITIONED NEAR MAJOR CONSUMER DRIVERS - Site is surrounded by schools and universities - Located under half a mile is Navarro College - Midlothian, 1,000+ students and almost 5,000 employees - Just under a mile from Jean Coleman Elementary School with 600+ students and Methodist Midlothian Medical Center, a $90 million dollar facility with 80+ beds GREAT VISIBILITY ON HIGH TRAFFICKED RETAIL CORRIDOR - Fronting FM 663 (32,053 AADT) and approximately a quarter mile to Hwy 287 (62K AADT) - Over 483K SF of retail space within a 1-mile radius boasting a 1.1% vacancy rate (costar data) - Nearby National Tenants include: Kroger Marketplace, Aldi, Petco, Ross Dress for Less, and more

FOR SALE DETAILS

PRICE

$4,183,000 USD

PRICE/SF

$982 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Heartland Dental

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Health Club

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.05 AC

LAND SF

89,298 SF

ZONING

-

APN/PARCEL ID

194388

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
704-697-1900

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

David HoppeAtlantic Capital PartnersMore Info
704-697-1900

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