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29918390
29918389

4747 Little Rd, Arlington, TX 76017

DW
MI MI 6501339495
Marcus & Millichap - Detroit
JK
MI 6501421311
Marcus & Millichap - Detroit
Listed by Marcus & Millichap - Detroit
$6,500,000
100 days on market
Updated 9 days ago

Surepoint ER

Details
Property Type Office
Sub Type Medical Office
Square Footage 7,000
Cap Rate 7.7%
NOI $500,798
Occupancy 100%
Tenancy Single
Brand/Tenant Surepoint ER
Lease Type Absolute NNN
Lease Expiration 07/30/2036
Remaining Term 10.2
Rent Bumps Yes
Lease Options Five 5-Year Options
Broker Co-Op Yes
Year Built 2015
Buildings 1
Acreage 0.820
Investment Type Net Lease
Ground Lease No
Ownership Fee Simple

10.5 Years Remaining | 7.70% CAP | Absolute NNN Medical | 2% Annual Increases

Marketing description

Marcus & Millichap is pleased to present this 7,000 square foot facility for Surepoint ER. Located in Arlington, Texas this attractive freestanding medical office building situated on 0.82 +/- acres was carefully site selected by Surepoint ER. The tenant currently has approximately ten years and 5 months remaining on the Absolute NNN lease featuring zero Landlord responsibilities. During the term of the lease there will be two percent annual rental increases. In addition, the tenant has five 5-year options to renew with two percent annual increases.

This Surepoint ER Facility benefits from being located in the Dallas-Fort Worth Arlington metroplex area. There are approximately 82,500 people within a three mile radius, 206,200 people within a five mile radius and 903,000 people within a ten mile radius representing a 8.75 percent, 8.6 percent and 11 percent population growth from 2010 - 2020 respectively. The emergency center operates 7-days per week 24 hours per day demonstrating the locations demand. Surepoint’s extensive range of emergency room services combined with the medical facilities equipped to handle a variety of emergency medical care needs makes the tenant the go-to Emergency Room for efficient and exceptional care.

Investment highlights

  • 2015 Build-to-Suit Single Tenant Medical Office

  • 10 Years & 5 Months Remaining on Lease

  • Five 5-Year Options to Extend

  • Two Percent Annual Rental Increases Including Options

  • Absolute Net (NNN) Lease - Zero Landlord Responsibilities

  • Operating 7 Days Per Week, 24 Hours Per Day

  • 10.84% Population Growth from 2010 - 2020 (10 Mile Radius)

  • Dallas-Fort Worth-Arlington MSA - 8.34M. Popoulation (2024)

  • 32,100+ Households within a 3-mile radius of subject property

Listing Contacts

DW
MI MI 6501339495
Marcus & Millichap - Detroit
JK
MI 6501421311
Marcus & Millichap - Detroit
Listed by Marcus & Millichap - Detroit

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$500,798.00
$41,733.17/mo

Valuation Metrics

0
DSCR
7.7%
Cap Rate
7.7%
ROI

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Additional Information

Name
Tim Speck
License
9002994
Brokerage
Marcus & Millichap
Brokerage Phone
972.755.5200
Title
Broker of Record
Brokerage Address
5001 Spring Valley Rd., Ste. 1100W Dallas, TX 75244
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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