For Sale
Call for price

516 Bonds Ranch RdFort Worth, TX 76131

8,872 SF, 10-Year NNN Lease, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional Class A medical office building, located at 516 W Bonds Ranch Rd, Fort Worth, Texas 76131, presents a compelling investment opportunity. The property boasts 8,872 square feet of net rentable space within a single-story, newly constructed (2023) building. Currently 100% occupied under a ten-year absolute triple-net (NNN) lease commencing November 30, 2023, and expiring November 30, 2033, this investment offers significant stability and predictable cash flow. The tenant, Action Behavior Centers, LLC, a reputable organization with over 180 locations nationwide, is responsible for all operating expenses, including roof and structure maintenance. A landlord management fee may apply. The lease includes annual rent increases of $0.50 per square foot, commencing in year three, providing built-in growth potential. The property generates a strong net operating income (NOI) of $266,199. Situated in Tarrant County, Fort Worth, a rapidly growing city recognized by the US Census as the fastest-growing large city in the United States, this asset offers a combination of strong tenant creditworthiness, long-term lease security, and a prime location within a thriving market. This is a rare opportunity to acquire a stabilized, high-performing medical office building in a dynamic Texas market.

Highlights

  • 8,872 SF Class A medical office building in Fort Worth, TX.
  • Absolute NNN lease with a national tenant (Action Behavior Centers, LLC) for a 10-year term commencing November 30, 2023.
  • 100% occupancy with a strong NOI of $266,199.
  • New construction (2023) with a single-tenant, stabilized investment.
  • Lease includes $0.50/SF annual rent increases starting in year three.

Property Details for 516 Bonds Ranch Rd

Property type
Office properties, Medical offices
Square Feet
8,872 SF
Class
A
Year Built
2023
Buildings
1
Stories
1

Location Insight

City
Fort Worth
County
Tarrant
State
Texas
Latitude
32.9248303
Longitude
-97.3699307
516 Bonds Ranch Rd, Fort Worth, Texas

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516 Bonds Ranch Rd
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