1751 Broad Park Circle

Price: $1,769,000
Sq. Ft.: 5,852
Cap Rate: 7.25%
Built: 2007

The subject property is 5,852-square foot multi-tenant medical office building in Mansfield, Texas. The property is 100 percent occupied, and all leases are triple net. Tenants consist of Dr. Pat Rabjohn, Dr. Carol Wood, Clinical Pathology Lab, and Dr. Jennifer Bullard. The space leased to Dr. Rabjohn occupies 50 percent of the gross leasable area and has a personal guaranty. The building was constructed in 2007 and sits on 0.5 acres.

The subject property is located on the corner of Broad Park Circle South and Regency Parkway in a medical office park. Baylor Surgicare at Mansfield sits directly south of the property and provides a broad range of outpatient surgical procedures. The area has excellent demographics, with a one mile average household income of $107,380 and five mile population exceeding 113,600 residents.