114 Sproles Dr - Medical FOR SALE


Benbrook, TX 76126
$3,011,000 USD
817-921-8174
114 Sproles Dr, Benbrook, TX for Sale
$3,011,000 USD
Medical - FOR SALE
1/9
null | 6.25% Cap Rate

114 Sproles Dr
Benbrook, TX 76126


HIGHLIGHTS

  • Ideally located along growing 377 corridor
  • Majority NNN leased to Texas Health Resources (over $1B annual revenue)
  • Long-time tenant base

OVERVIEW

Bradford Commercial Real Estate Services is pleased to present this exclusive opportunity to acquire a stable medical office investment with upside in one of the most dynamic office submarkets in the Dallas-Fort Worth Metroplex. 114 Sproles Drive is a single-story, multi-tenant medical office building in Benbrook, Texas (greater Fort Worth area) anchored by Texas Health Resources, a leading health system with over $1 billion in annual revenue. The property is supported by investor-friendly lease structures, with tenants operating under NNN or +E leases with base year expense stops, providing protection against rising operating costs. Additional value-add potential exists through converting the two smaller tenants to full NNN leases at renewal.

FOR SALE DETAILS

PRICE

$3,011,000 USD

PRICE/SF

$321 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

45

LAND DETAILS

LAND ACRES

0.92 AC

LAND SF

40,075 SF

ZONING

F - Commercial

APN/PARCEL ID

06417728

ASK ABOUT THIS PROPERTY

Shane BennerBradford CompaniesMore Info
817-921-8174

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Shane BennerBradford CompaniesMore Info
817-921-8174

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.