3124 N Tarrant Pky - Medical FOR SALE


Fort Worth, TX 76177- North Fort Worth
$2,696,400 USD
818-484-1658
3124 N Tarrant Pky, Fort Worth, TX for Sale
$2,696,400 USD
Medical - FOR SALE
1/4
null | Request Cap Rate

3124 N Tarrant Pky
Fort Worth, TX 76177
North Fort Worth


HIGHLIGHTS

  • On-Campus Fee Simple Building – The facility sits right next to Medical City Alliance Surgical Hospital, a 47,000 SF facility.
  • Leading Texas Health System Operator – Baylor Scott & white Healthcare is the largest not-for-profit healthcare system in Texas.
  • Value-Add Leasing Opportunity – The availability of 4,594 SF presents a built-in lease-up opportunity, allowing a new owner to grow cash flow.
  • Affluent Surrounding Demographics – Fort Worth is a high-income area with average household incomes exceeding $113,000 within a five-mile radius.
  • Embedded in the AllianceTexas Master-Planned Development – This development is one of North Texas’s most significant long-term growth nodes.

OVERVIEW

Matthews™ Healthcare Division is pleased to offer the opportunity to acquire a two suite multi-tenant medical office building in one of Fort Worth’s most affluent and high-growth sub-markets. This is a 100% fee simple interest investment on a 0.82-acre parcel of land. This 6,741 SF building is located on the Medical City Alliance Hospital campus, a 165-bed award-winning facility which completed a $53M expansion in 2021 to enlarge its emergency room and increase licensed beds. The subject property is also directly next door to Medical City Alliance Surgical Hospital, a 47,000 SF facility with seven operating suites and one cardiac lab. The on-campus nature translates to a strong potential referral base and added strategic value for any future tenant operations. There is a value-add leasing opportunity for an owner upon acquisition. The availability of 4,594 SF allows a new owner to grow cash flow and improve yield upon stabilization. With an existing orthopedic layout in place, the suite offers a functional medical floorplan that can accommodate a wide range of healthcare users while keeping TI expenditures and lease-up time to a minimum. Baylor Scott & White recently extended their lease by two years, and the lease also features a passive net lease structure with minimal landlord responsibilities. There is a three percent annual increase in the second year. Baylor Scott & white Healthcare is the largest not-for-profit healthcare system in Texas, with over 50 hospitals and more than 1,300 care sites. The company holds an investment-grade credit rating of AA-. The building is located in the AllianceTexas Master-Planned Development, which is one of North Texas’s most significant long-term growth nodes. The development is cited as 27,000 acres and an estimated $130B in regional economic impact, with $10.2B created in 2024. This is a compelling opportunity for a value-add investor to own a quality asset with a high-caliber tenant in an affluent area of Fort Worth. Patrick Graham License # 9005919, 528005 (TX) Matthews Real Estate Investment Services, Inc 2699 Howell St., Suite 400, Dallas, TX 75204 (866) 889-0550

FOR SALE DETAILS

PRICE

$2,696,400 USD

PRICE/SF

$455 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

On Campus Value-Add Medical

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Drug Store, Freestanding, Veterinarian/Kennel

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.82 AC

LAND SF

35,719 SF

ZONING

-

APN/PARCEL ID

41650298

ASK ABOUT THIS PROPERTY

Andrew FagundoMatthews Real Estate Investment ServicesMore Info
818-484-1658

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Andrew FagundoMatthews Real Estate Investment ServicesMore Info
818-484-1658

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