1752 Broad Park Circle

Price: $2,200,000
Sq. Ft.: 6,962
Cap Rate: 7.00%
Built: 2007
NNN, Gross

The subject property is a 6,962-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 Advanced Facial &  Oral  Surgery,  Conference Room, Dr. Podgurecki, and Rob Schulz Financial.  The building was constructed in 2007 and sits on .475 acres.

The subject property is located on the corner of Broad Park Circle 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 $111,900 and five mile population exceeding 114,600 residents.

Mansfield is strategically located in the south central portion of the Dallas-Fort Worth Metroplex. The city borders Arlington on the north, Grand Prairie on the east, unincorporated Tarrant County on the west and Johnson and Ellis counties on the south. Just 30 minutes from DFW International Airport, Mansfield’s location near major interstate highways and roadways offer easy access to Dallas, Fort Worth and other cities in the North Texas region.    Mansfield is experiencing tremendous growth, including development of the 870-acre master-planned South Pointe community, The Shops at Broad Development including a 500,000-sf shopping center and apartments, and completion of Texas Highway 360.