For Sale
$1,618,400

311 Southlake BlvdSouthlake, TX 76092

High-growth area, 8.5-year NNN lease.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a 3,200 square foot Class A medical office building in Southlake, Texas, currently 100% occupied by Smile Doctors, a leading dental support organization with over 450 locations nationwide. The property boasts a strong 8.5-year remaining lease term (extending to March 12, 2033) with a 2% annual rent increase, providing predictable cash flow and significant long-term value. The NNN lease structure minimizes landlord responsibilities, making this an attractive passive investment. Located at 311 W Southlake Blvd, 76092, this single-story building benefits from high visibility on a major thoroughfare with over 45,000 vehicles per day, situated within a thriving medical office park. The property's prime location in the affluent Southlake area, part of the rapidly growing Dallas-Fort Worth MSA, ensures consistent demand and high occupancy rates. The building was constructed in 2009 and features a corporate guarantee, further enhancing the security of this investment. The asking price is $1,618,400, representing a 6.75% cap rate and a price per square foot of $505.75. The annual net operating income (NOI) is $109,242. This is a rare opportunity to acquire a stable, high-performing asset in a premier location with significant upside potential within a rapidly expanding market sector. The lease includes two 5-year renewal options. The average household income within a 3-mile radius exceeds $211,000.

Highlights

  • Smile Doctors (450+ locations) corporate NNN lease with a successful operating history.
  • 8.5 years remaining on a NNN lease; tenant recently executed a 5-year extension.
  • NNN lease structure with minimal landlord responsibilities; passive investment opportunity.
  • High-quality construction in a synergistic medical office park; low relocation risk due to patient retention challenges and high moving costs for dental practices.
  • High-traffic location on Southlake Blvd (45,000+ VPD) with excellent visibility.
  • Located in the Dallas-Fort Worth MSA, the 4th largest in the US, with high household incomes ($211,000+ within a 3-mile radius) and strong population growth.

Property Details for 311 Southlake Blvd

Property type
Office properties, Medical offices
Square Feet
3,200 SF
Class
A
Year Built
2009
Buildings
1
Stories
1

Location Insight

City
Southlake
County
Tarrant
State
Texas
Latitude
32.94044815272
Longitude
-97.154168530138
311 Southlake Blvd, Southlake, Texas

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311 Southlake Blvd
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