For Sale
$3,758,800

1841 Jupiter RdGarland, TX 75042

Biomat USA NNN Lease, High Traffic Area

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a single-tenant, net-leased (NNN) office and retail property occupied by Biomat USA, a subsidiary of the global healthcare giant Grifols. Located in Garland, Texas, within the Dallas MSA, this 13,858-square-foot building sits on a 2.22-acre lot and boasts a strong 8.00% cap rate based on a Net Operating Income (NOI) of $300,704. The current lease, commencing September 1, 2017, and expiring August 31, 2027, offers a remaining term of approximately 2.8 years, with attractive 3% annual rent bumps. Three five-year renewal options further enhance the long-term value. The property benefits from its prime location near the intersection of North Jupiter Road and Buckingham Road, experiencing combined daily traffic exceeding 65,900 vehicles. This high-traffic area is anchored by numerous national retailers, including The Home Depot, Albertsons, Walgreens, Starbucks, Wells Fargo, Chase Bank, The UPS Store, and Medical City ER Garland. The property's proximity to LV Berkner High School STEM Academy (serving 2,700 students) adds to its appeal. The surrounding area demonstrates strong demographics, with over 382,500 residents within a five-mile radius and an average household income exceeding $107,000. The tenant's strong financial backing and the property's location in a tax-free state contribute to its exceptional investment potential. The asking price is $3,758,800.

Highlights

  • Dallas MSA location, ranked #4 nationally in population.
  • E-commerce resistant, essential business use.
  • Biomat USA, a Grifols (NASDAQ: GRFS) subsidiary, as tenant.
  • Texas offers no state income tax.
  • Significant 3% annual rental escalations.
  • Triple Net (NNN) lease; no landlord responsibilities.

Property Details for 1841 Jupiter Rd

Property type
Retail properties, Office properties
Square Feet
13,858 SF
Lot Size (sq. ft)
96,703 SF

Location Insight

City
Garland
County
Dallas
State
Texas
Latitude
32.9297943
Longitude
-96.6842791
1841 Jupiter Rd, Garland, Texas

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1841 Jupiter Rd
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