For Sale
$7,700,000

4801 Buckner Blvd Dallas, TX 75227

NNN leased medical office, strong tenant, 8 years remaining.

Overview

Added:
Dec 11, 2024
Days on market:
137
Exceptional investment opportunity: This fee-simple medical office building in Dallas, TX, presents a compelling investment opportunity. The property boasts 28,443 square feet, currently under a master NNN lease with TED Ventures, LLC, for a remaining term of eight years, expiring October 31, 2032. The lease commenced October 31, 2020, and includes a 2% annual rental increase, providing a hedge against inflation and steadily growing net operating income (NOI). The building, constructed in 2003, sits on a 3-acre lot and features 144 parking spaces. The property enjoys a prime location at 4801 S Buckner Blvd, Dallas, TX 75227, benefiting from high visibility and accessibility due to its location on a major retail thoroughfare near the intersection of Buckner Blvd. and Forney Rd. The property's strategic location near I-30 and US Highway 80, major roadways with combined daily traffic exceeding 277,000 vehicles, further enhances its appeal. The area boasts strong demographics, with a population of over 340,000 within a 5-mile radius and an average household income of $79,054. The property's NOI is $604,906, resulting in a 7.86% cap rate, and the asking price is $7,700,000 ($270.72/sq ft). The property is zoned MC-1 and the APN is 006127000X01A0000. Nearby amenities include a Walmart Supercenter, Sam's Club, and other national retailers, creating a robust retail environment. The proximity to major medical facilities, including Baylor University Medical Center, Dallas Regional Medical Center, and White Rock Medical Center, further strengthens the property's value and potential for long-term growth. This is a minimal landlord responsibility investment, ideal for a passive investor seeking stable returns.

Highlights

  • Fee-simple medical office building in Dallas, TX, offering minimal landlord responsibilities.
  • High-visibility corner location at a signalized intersection on a major retail thoroughfare with excellent access.
  • Located near major retail amenities, neighborhoods, and schools.
  • Strong demographics within a 5-mile radius, including a population exceeding 340,000 and an average household income of $79,054.

Property Details for 4801 Buckner Blvd

Property type
Office properties, Medical offices
Square Feet
28,443 SF
Year Built
2003
Lot Size (sq. ft)
130,680 SF

Location Insight

City
Dallas
County
Dallas
State
Texas
Latitude
32.780989
Longitude
-96.6828258

FAQs

What type of property is this?
Office property - NNN leased medical office, strong tenant, 8 years remaining.
Where is the office property located?
The property is located at 4801 Buckner Blvd Dallas, TX.
What is the asking price?
The asking price for this property is $7,700,000.
What are key features of this property?
This property features: Fee-simple medical office building in Dallas, TX, offering minimal landlord responsibilities.; High-visibility corner location at a signalized intersection on a major retail thoroughfare with excellent access.; Located near major retail amenities, neighborhoods, and schools.
How can I contact the broker?
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4801 Buckner Blvd
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