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29850666
29850665

114 Sproles Drive, Benbrook, TX 76126

SB
TX 639887
Bradford Fort Worth / Tarrant County
Listed by Bradford Fort Worth / Tarrant County
$2,828,000
154 days on market
Updated 0 days ago

114 Sproles

Details
APN 06417728
Property Type Office
Sub Type Medical Office
Square Footage 8,942
Cap Rate 6.75%
NOI $188,169
Occupancy 100%
Tenancy Multi
Brand/Tenant Texas Health Resources
Lease Type NNN
Rent Bumps Yes
Pro-Forma NOI $196,092
Price per SqFt $316
Class B
Year Built 1987
Buildings 1
Stories 1
Acreage 0.920
Zoning F - Commercial
Parking Spaces 5.20 per 1,000 sq ft
Investment Type Stabilized

Medical Office | 6.75% CAP | 8,942 SF

Marketing description

114 Sproles Drive presents a rare opportunity to acquire a stabilized, income-producing medical office asset in one of the fastest-growing corridors of Southwest Fort Worth. This 8,942-square-foot, single-story building is 100% occupied and anchored by Texas Health Resources, a dominant regional healthcare system with a long-standing presence at the property, delivering reliable tenancy and consistent patient-driven traffic.

The property offers durable, predictable cash flow supported by investor-favorable lease structures, including NNN and expense-protected leases designed to hedge against rising operating costs. With a weighted average lease term of approximately 3.8 years and built-in rent escalations, investors benefit from both near-term income stability and future growth potential.

Purpose-built for medical use, the building features a highly functional layout, efficient patient flow, and a strong parking ratio of 5.2 per 1,000 SF, enhancing tenant retention and long-term usability. Recent capital improvements and suite renovations further position the asset as a modern, community-focused healthcare destination.

Strategically located just off U.S. Highway 377 with immediate access to Interstate 20, the property offers exceptional visibility and connectivity within a rapidly expanding retail and residential corridor. Surrounded by significant population growth, new master-planned communities, and ongoing commercial development, 114 Sproles Drive is well-positioned to capitalize on increasing demand for outpatient medical services in the West Fort Worth market.

With a strong healthcare anchor, complementary tenancy, and embedded upside through future lease conversions to full NNN structures, this asset represents an attractive blend of stability, growth, and long-term value creation.

Investment highlights

  • 100% occupied, single-story medical office building
  • Anchored by Texas Health Resources
  • NNN and expense-protected lease structures
  • Weighted average lease term of approximately 3.8 years
  • Built-in rent escalations
  • Parking ratio of 5.2 per 1,000 SF
  • Recent capital improvements and suite renovations
  • Located just off U.S. Highway 377 with immediate access to Interstate 20

Listing Contacts

SB
TX 639887
Bradford Fort Worth / Tarrant County
Listed by Bradford Fort Worth / Tarrant County

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$188,169.00
$15,680.75/mo

Valuation Metrics

0
DSCR
6.65%
Cap Rate
6.65%
ROI

Map

Zoning

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F CommercialRetail CommercialCommercial
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Last updated May 14, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Shane Benner
License
639887
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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