Action Behavior Center - Northlake

Marcus & Millichap is pleased to exclusively list for sale 7551 Cleveland Gibbs Road in Argyle, Texas, which is a single-tenant medical property occupied by Action Behavior Centers. 7551 Cleveland Gibbs Road is an 8,519 square foot medical office building with 2023 construction on 54,424 square feet of land.

The investment property offers an investor an opportunity to purchase a newly-constructed medical property in the rapidly-growing Argyle/Northlake market, occupied by one tenant with a strong guarantee by a national company. The Property is offered at a price of $3,768,019, which is a 6.5 percent CAP Rate in years one and two. From the third year onward, the lease features annual escalations of $0.50 per square foot per year, allowing for an appreciation in income and a hedge to inflation.

The lease, backed by Action Behavior Centers, allows the investor to collect fully for taxes, insurance, common area maintenance, management, and roof and structure. Note that there is a five percent cap on annual increases to common area maintenance expenses. This lease structure provides investors with a stable investment with minimal landlord responsibilities and the ability to bill the tenant for management fees.