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31155284

2419 State Hwy 121, Bedford, TX 76021

CA
TX 619855, CO EA.100084760
Trade Properties
JA
TX 792874
Listed by Trade Properties
$3,000,000
77 days on market
Updated 14 days ago

Greater Therapy Centers

Details
Property Type Office
Sub Type Medical Office
Square Footage 6,572
Units 1
Cap Rate 6.00%
NOI $180,730
Occupancy 100%
Tenancy Single
Brand/Tenant Greater Therapy
Lease Type Net
Lease Term 9.7
Lease Expiration 01/30/2031
Remaining Term 4.9
Rent Bumps Yes
Lease Options One (1) Option of Two (2) Years
Year Built 1998
Year Renovated 2020
Buildings 1
Stories 1
Acreage 2.070
Investment Type Net Lease
Lease Commencement 06/03/2021
Ground Lease No
Ownership Fee Simple

Single-Tenant Medical Office | Texas Health Affiliate | 5+ Years Remaining

Marketing description

Net Net Direct is pleased to present the exclusive offering of 2419 SH 121 in Bedford, Texas, a single-tenant medical office investment opportunity. The property consists of a well-maintained 6,572-square-foot building situated on a generous 2.07-acre parcel along State Highway 121, providing excellent visibility and accessibility. The asset is being offered with more than five years remaining on a net lease, delivering stable, long-term income for investors.

The property is fully leased to Greater Therapy, an outpatient rehabilitation and physical therapy provider affiliated with Texas Health Resources, one of the largest faith-based, nonprofit health systems in the United States. The tenant’s use as a physical therapy and rehab center, centralized proximity to several major medical campuses, recent interior renovations with specialized buildout, and established patient base that relies on consistent, convenient care, signals a strong long-term commitment to this facility

Centrally positioned within the thriving Dallas-Fort Worth Metroplex, the property benefits from strong real estate fundamentals and a robust healthcare demand driver. Its location on SH 121 with over 100,000 vehicles per day offers prime frontage in Bedford’s high traffic corridor, surrounded by dense residential neighborhoods, major employers, and medical campuses. The area’s growing and aging population supports ongoing demand for outpatient medical services, while limited supply of quality medical office space underpins long-term rent growth and occupancy stability.

Investment highlights

  • Fully leased to Greater Therapies, affiliated with Texas Health Resources, ensuring strong healthcare credit and stability.

  • 6,572-square-foot medical office building on 2.07 acres with specialized outpatient rehab build-out.

  • Approximately five years remaining on a net lease with annual rent increases, providing predictable, long-term cash flow.

  • Prime location on State Highway 121 in Bedford with excellent visibility and regional access.

  • Strategic position in the high-growth Dallas–Fort Worth Metroplex with strong healthcare demand drivers.

  • Limited supply of quality medical off ice space supports rent growth and high occupancy rates.

  • No State Income Tax.

  • Building Size (SF) 6,572

  • Lot Size (AC) 2.07

  • Year Built 1998

  • Year Last Renovated 2020

  • Primary Use: Gen. Medical Offices and Anc. Uses

Listing Contacts

CA
TX 619855, CO EA.100084760
Trade Properties
JA
TX 792874
Listed by Trade Properties

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$180,730.00
$15,060.83/mo

Valuation Metrics

0
DSCR
6.02%
Cap Rate
6.02%
ROI

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Additional Information

Name
Chris Adams
License
619855
Brokerage Phone
972-597-9686
Name
Josh Adams
License
792874
Brokerage Phone
9729249986
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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