12% Cap Rate Asking Price
Absolute NNN Acquisition Opportunity
Potential Seller Financing Optionality
4712 Gaston Avenue presents an opportunity to acquire an institutional-quality behavioral healthcare real estate asset in Dallas, one of the nation's largest and fastest-growing metropolitan areas. The property is a 30,800-square-foot residential behavioral healthcare facility operating as a sober living residence that supports patients receiving care through the nearby Discovery Point Retreat Dallas outpatient platform. The facility includes 38 units and approximately 130 beds, serving a critical component of the behavioral health continuum of care.
The investment is secured by an absolute NNN lease structure designed to provide passive ownership with minimal landlord responsibilities. The lease is backed by a full corporate guaranty from Discovery Point MSO, a Joint Commission-accredited behavioral healthcare provider with an established presence throughout Texas. The asset benefits from approximately 12 years of remaining lease term, annual 3% contractual rent escalations, and two five-year extension options, creating long-term income growth potential.
Located within Dallas County and near Baylor University Medical Center, the property is positioned within the Dallas-Fort Worth metroplex, a region with a population of 8,568,992 residents and a reported five-year population growth rate of 7.3%. The facility has undergone significant interior capital improvements, including installation of central air conditioning throughout the property, supporting continued operational functionality. The combination of a mission-critical healthcare use, long-term lease commitment, corporate guaranty, and location within a major Texas healthcare market creates an investment opportunity supported by durable behavioral healthcare demand and contractual income growth.