1759 Broad Park – West Building

Price: $2,329,000
Sq. Ft.: 5,501
Cap Rate: 6.0%
Built: 2009
VIEW PACKAGE

The subject property is a 5,501-square-foot, three-tenant medical office building located in the Dallas-Fort Worth suburb of Mansfield, Texas. The building is 100 percent occupied, and all leases are triple-net. Tenants consist of Pro Soft Implantology and Periodontics, Texas Center for Urology, and Change My Life Counseling. All leases have personal guarantees and include options for renewal. The building was constructed in 2009 and sits on a 0.32-acre lot.  The subject property is part of a condominium association.

  • 5,501-Square-Foot, Three-Tenant Medical Office Building | Part of a Condominium Association
  • 100% Occupied | All Leases are Triple-Net
  • All Leases have Personal Guarantees and Include Options for Renewal
  • Staggered Lease Term Expirations over the Next Five to Ten Years
  • Well Positioned in a Medical Office Park on Broad Park Circle South and Regency Parkway
  • Building is Separated by a Breezeway from the Adjacent 1759 Broad Park – East Building (Not a Part)
  • Baylor Scott & White Surgicare at Mansfield Sits Directly South of the Property, Offering a Broad Range of Outpatient Surgical Procedures
  • H-E-B Grocery Site is Directly West of the Subject Property, at the Corner of U.S. 287 and Broad Street | H-E-B Announced Construction will Begin in Early 2023
  • Subject Property is Directly Across from The Shops at Broad | 500,000-Square-Foot Development Featuring Shopping, Dining, Entertainment Venues and Apartments
  • Highly Affluent Location | Average Household Income within a One-Mile Radius is $133,453 | $120,096 within Three Miles | $118,433 within Five Miles | Population Exceeds 142,140 Residents within Five Miles
  • Mansfield is Positioned in the South-Central Portion of the Dallas-Fort Worth Metroplex | Easy Access to Major Interstate Highways | Located 30 Minutes from DFW