18357 Interstate 35 West Service Rd - Retail FOR SALE


Northlake, TX 76262
$4,556,000 USD
972-755-5205
18357 Interstate 35 West Service Rd, Northlake, TX for Sale
$4,556,000 USD
Retail - FOR SALE
1/4
null | 6.35% Cap Rate

18357 Interstate 35 West Service Rd
Northlake, TX 76262


HIGHLIGHTS

  • Triple-Net Lease with 9.9 Years Remaining
  • Two Percent Annual Rental Increases
  • Near the Signalized Hard Corner of Interstate 35 and Highway 114; Combined Traffic Counts Exceed 112,064 Vehicles per Day
  • Across from the Texas Motor Speedway, One of the Largest Sports Facilities in the U.S.
  • More Than 142,232 Residents and an Average Household Income of $151,830 Within a Five-Mile Radius
  • Corporate Guaranteed Lease (NYSE: CON)

OVERVIEW

Offered for sale is the opportunity to acquire a triple net lease Concentra Urgent Care in Northlake, TX. The property consists of a 8,418-square-foot, freestanding building that sits on approximately 1.09 acres of land. There are 9.9 years remaining on the lease with 2% rental increases annually.

FOR SALE DETAILS

PRICE

$4,556,000 USD

PRICE/SF

$541 USD /SF

CAP RATE

6.35%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Concentra Urgent Care

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.09 AC

LAND SF

47,480 SF

ZONING

-

APN/PARCEL ID

R705732

ASK ABOUT THIS PROPERTY

Vincent KnippKnipp Wolf Net Lease Group | Marcus & MillichapMore Info
972-755-5205

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Vincent KnippKnipp Wolf Net Lease Group | Marcus & MillichapMore Info
972-755-5205

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