3401 Golden Triangle Medical Office
$2,588,498
3401 Golden Triangle Blvd, Fort Worth, TX 76244
Cap Rate
6.54%
Square Feet
5912
Year Built/Renovated
2022
INVESTMENT HIGHLIGHTS
• Diversified Mix of Medical Tenants
• Long-Term Leases with 2-2.5 Percent Annual Rent Escalations
• New 2022 Construction
• Fort Worth is Named by US Census as the Fastest-Growing Large City in the United States
• Rapid Residential and Commercial Growth Surrounding the Property
• Across from Texas Health Harris Methodist Hospital Alliance
• Close Proximity to Interstate 35W
• Part of DFW Medical Portfolio - Property Available for Purchase Individually or Bundled
PROPERTY DESCRIPTION
Marcus & Millichap is pleased to exclusively list for sale a newly constructed multi-tenant medical strip located at 3401 Golden Triangle Boulevard in Fort Worth, Texas. The Property is a 5,912 square foot of gross leasable area built in 2022, situated on 1.35 acres.
The investment property offers an investor an opportunity to purchase a medical building in a rapidly-growing area of Fort Worth. At the asking price of $2,588,498, an investor will achieve a year-one CAP Rate of 6.54 percent. An investor will also benefit from annual rent increases of 2 percent to 2.5 percent for each tenant.
Leases are structured as absolute triple net, aside from 6-7.5 percent caps on common area maintenance for two of the tenants. This allows an investor to have minimal landlord responsibilities, while passing all expenses along to the tenant including roof and structural repairs.
Gus N. Lagos
SENIOR VICE PRESIDENT
713-452-4257
Alex Wolansky, CCIM
FIRST VICE PRESIDENT
713-452-4292
