321 Southlake BlvdSouthlake, TX 76092

Property Details for 321 Southlake Blvd

Year built

2009

Property size (Sq ft)

3,000 SF

Property type

Specialty properties

Property subtype

Medical space

Description

This exceptional investment opportunity presents a 3,000 square foot medical office building located at 321 W Southlake Blvd, Southlake, Texas 76092, within a medical condo association. The property, built in 2009, boasts a 100% occupancy rate with a strong, well-reviewed tenant under a 5-year absolute NNN lease featuring a 2% annual rent increase. The current Net Operating Income (NOI) is $93,000, yielding a 7.20% capitalization rate. The asking price is $1,292,000. Situated in a high-traffic area (43,000 vehicles per day) with affluent demographics (average household income $305,667 within one mile), this property offers significant long-term growth potential. The tenant, Curis Functional Health, provides a range of healthcare services, including chiropractic care, mental health counseling, and functional nutrition. The property's location within a medical retail plaza featuring dermatology, oral surgery, and orthodontics further enhances its desirability and stability. This passive investment opportunity offers embedded cash flow growth and a highly sought-after Southlake address. The tenant pays all condo association fees.

Location Insight

City

Southlake

County

Tarrant

State

Texas

Latitude

32.9405

Longitude

-97.1551

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