For Sale
$1,637,964

3629 Wolflin AveAmarillo, TX 79102

High-yield dental office, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional Class A, 5,330 square foot medical office building in Amarillo, Texas presents a compelling investment opportunity. Currently 100% occupied by Ideal Dental, part of the 150+ location DECA Dental Group, the property boasts a strong, long-term net lease (NNN) with a remaining term of 5.5 years and a 5-year option. The tenant recently executed an early renewal with a rent increase, demonstrating their commitment to the location. The building, constructed in 2009, sits on a 43,560 square foot lot with excellent visibility on Hwy I-40, experiencing over 75,000 vehicles per day. The asking price is $1,637,964, representing a compelling $307 per square foot and a 7.25% cap rate, with a current NOI of $118,752. This investment is ideal for those seeking a passive income stream, particularly attractive for 1031 exchanges. The property benefits from the tenant's significant investment and the growing demand for healthcare real estate, offering resilience against economic fluctuations. Ideal Dental provides comprehensive dental services, operating six days a week, ensuring a strong and consistent revenue stream. Amarillo's position as a regional healthcare hub further enhances the property's long-term value. The property's location, tenant strength, and lease terms combine to create a secure and profitable investment opportunity.

Highlights

  • Rare 5-year NNN lease extension with rent increase by DECA Dental, starting April 2025.
  • Class-A tenancy with DECA Dental, a 150+ unit dental service organization.
  • Passive investment, ideal for 1031 exchange, priced under $2 million.
  • Healthcare real estate investment with a national dental operator, resilient to economic downturns.
  • Tenant's significant investment ensures a stable, long-term investment.
  • Prime southwest Amarillo location with high visibility on Hwy I-40 (75,000+ VPD).

Property Details for 3629 Wolflin Ave

Property type
Retail properties, Office properties
Square Feet
5,330 SF
Class
A
Year Built
2009

Location Insight

City
Amarillo
County
Potter
State
Texas
Latitude
35.1922468
Longitude
-101.8776687
3629 Wolflin Ave, Amarillo, Texas

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3629 Wolflin Ave
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