Cimarron Medical Center

Price: $2,227,000
Sq. Ft.: 12,230
Cap Rate: 9.50%
Built: 1980

The subject property is a 12,230 square foot multi-tenant strip center in Hurst, Texas. The center is 100 percent occupied with medical office tenants, including DFW Laser Lipo, Aztec Medical Research, and Cimarron Professional Dental Group. All leases are brand new triple-net leases. Sixty-four percent of the gross leasable area has annual rent bumps. Situated on 1.07 acres, the building was constructed in 1980. Recent renovations include a brand new roof.

The subject property is located on Cimarron Trail just off of West Harwood Road in a residential area. Walmart Supercenter is diagonal from the property at the intersection of Harwood Road and Precinct Line Road. Other national and regional retailers in the area include Aldi, Cash Store, Metro PCS, Taco Cabana, Panera Bread, Chase Bank, Subway, Anytime Fitness, Dickey’s Barbecue Pit, Dunkin’ Donuts, and Allstate Insurance. The surrounding area is densely populated with approximately 243,000 residents within five miles, and the average household income is $86,300.

Hurst-Euless-Bedford (HEB) offers business a location that’s central to the nation—just 18 minutes from the central business district in Fort Worth, Texas, and just 23 minutes from the Dallas central business district. HEB offers a fully- mature business infrastructure in an accelerated climate for development. You’ll find quality small and large-track building and office space, dedicated telecommunications networks, upscale retail, restaurant and hotel amenities, and mid-level cost-of-living and business expense averages.