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8305 Whitley RdWatauga, TX 76148

Watauga, TX medical/office building, owner-user opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional 3,768 square foot Class B office building, situated on a 17,153 square foot lot in Watauga, Texas, presents a compelling owner-user or investment opportunity. Located at 8305 Whitley Rd, 76148, this single-story, 2-unit building boasts a prime location at the intersection of Bursey and Whitley Road, east of Hwy 377. Constructed in 2006 with partial renovations in 2022, the property features 19 parking spaces and is zoned for commercial use. Currently, approximately 48.5% of the building (1,942 net rentable square feet) is occupied under a triple net (NNN) lease with a remaining term of 2.7 years (expiring July 31, 2027), commencing June 1, 2022, and including a rent bump in 2025. The current tenant's lease rate is approximately $7.00 per square foot. The remaining space is vacant and was recently vacated by the owner. The building is designed as an office duplex, offering the flexibility to combine the spaces. The existing tenant may be willing to vacate their lease, providing additional options for the new owner. This property offers a unique blend of immediate income and future development potential. The property's location within a well-established office park ensures high visibility and accessibility.

Highlights

  • Triple Net (NNN) lease in place on approximately 48% of the building, generating approximately $7.00 per square foot in net rent.

Property Details for 8305 Whitley Rd

Property type
Office properties, Medical offices
Square Feet
3,768 SF
Class
B
Year Built
2006
Buildings
1
Stories
1
Units
2

Location Insight

City
Watauga
County
Tarrant
State
Texas
Latitude
32.892920588255
Longitude
-97.255275030424
8305 Whitley Rd, Watauga, Texas

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8305 Whitley Rd
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