For Sale
$4,585,000

9127 King Arthur DrDallas, TX 75247

7,640 SF, 100% occupied, NNN lease.

Overview

Added:
Dec 11, 2024
Days on market:
125
This exceptional investment opportunity presents a fee-simple interest in a 7,640-square-foot, single-tenant medical office building in Dallas, Texas. The property is fully occupied by Sunshine Pediatric Day Center, a leading provider of Prescribed Pediatric Extended Care Centers (PPECC) services in Texas, under a brand-new 15-year absolute NNN lease commencing September 18, 2024, and expiring September 17, 2039. The lease includes two 5-year renewal options with a 3% annual rent increase in the base rent and options. The building, constructed in 1985 and extensively renovated in 2020, sits on a 0.57-acre lot at 9127 King Arthur Dr, Dallas, TX 75247. The property boasts a strong financial profile, with a Net Operating Income (NOI) of $320,870 and a 7.00% cap rate. The asking price is $4,585,000. The strategic location between John W Carpenter Fwy and US 35E ensures high visibility and accessibility, with daily traffic counts exceeding 16,000 vehicles. The surrounding area has a population of 254,641 residents within a 5-mile radius, boasting an average household income of $77,890. This investment benefits from the growing demand for PPECC services, favorable reimbursements from Texas Medicaid, and reduced competition due to licensing requirements. The tenant's expansion plans further solidify the long-term value of this property. This is a rare opportunity to acquire a high-quality, single-tenant medical office building with a secure, long-term lease and significant upside potential.

Highlights

  • Absolute NNN lease, 15-year initial term, two 5-year options, 3% annual rent increases.
  • Reduced competition and cost-effective care due to Texas licensing and barriers to entry.
  • High demand driven by the prevalence of children's special healthcare needs and limited PPECC-licensed facilities.
  • 100% Texas Medicaid reimbursement.
  • 2020 Class A, purpose-built medical facility.
  • Limited inventory creates a strong first-mover advantage.

Property Details for 9127 King Arthur Dr

Property type
Office properties, Medical offices
Square Feet
7,640 SF
Year Built/Renovated
1985/2020
Buildings
1
Lot Size (sq. ft)
24,829 SF

Location Insight

City
Dallas
County
Dallas
State
Texas
Latitude
32.832766764298
Longitude
-96.882253775486
9127 King Arthur Dr, Dallas, Texas

FAQs

What type of property is this?
Office property - 7,640 SF, 100% occupied, NNN lease.
Where is the office property located?
The property is located at 9127 King Arthur Dr Dallas, TX.
What is the asking price?
The asking price for this property is $4,585,000.
What are key features of this property?
This property features: Absolute NNN lease, 15-year initial term, two 5-year options, 3% annual rent increases.; Reduced competition and cost-effective care due to Texas licensing and barriers to entry.; High demand driven by the prevalence of children's special healthcare needs and limited PPECC-licensed facilities.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
9127 King Arthur Dr
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message