203 W Randol Mill Rd - Medical FOR SALE


Arlington, TX 76011
$4,190,000 USD
469-844-8884
203 W Randol Mill Rd, Arlington, TX for Sale
$4,190,000 USD
Medical - FOR SALE
1/1
null | 6.24% Cap Rate

203 W Randol Mill Rd
Arlington, TX 76011


OVERVIEW

Limited Landlord Responsibility Medical Office Building | Absolute NNN Lease Structure for US Renal Care Located Directly Off of Randol Mill Road which Sees Over 22,000 Vehicles Per Day Long Term Lease with US Renal Care Until 2033 | Over 8 Years Remaining PPG Health is a Partner of US Renal Care Throughout DFW, and Owns 25% of US Renal Care Tenant. This Increases Renewal Chances of PPG Health in 2028, Allowing the Buyer to Increase Rents to Market Less than 1-Mile from Arlington’s Entertainment District | Incredibly High Growth Area High Average Length of Term for Both Tenants | About 8 Years Remaining Significant Upside Opportunity | Below Market Rents at $18.90 PSF for PPG Health Rent Increases of 2% Annually, with a 3.6% Increase in 2028 Population Surge in Past 5 Years | 20% Increase in Population in 1-Mile Radius Since 2020 Stabilized Medical Property | Staggered Lease Turnover Convenient Access to HWY 360 or Interstate 30

FOR SALE DETAILS

PRICE

$4,190,000 USD

PRICE/SF

$522 USD /SF

CAP RATE

6.24%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

US Renal Care

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.61 AC

LAND SF

70,132 SF

ZONING

OC

APN/PARCEL ID

40647579

ASK ABOUT THIS PROPERTY

Jason VitorinoSTRIVEMore Info
469-844-8884

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Jason VitorinoSTRIVEMore Info
469-844-8884

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