Freestanding Single-Tenant Medical
For Sale
Contact for pricing
3339 Broadway Blvd, Garland, TX 75043
Animal care facility with a net lease and on-site veterinary operations serving Garland pet owners.
Property Size5,094 SF
Price / SF$320.38
Days on Market175
Property Features for 3339 Broadway Blvd
General Information
Standard status
Active
Size
5,094 SF
Property subtype
Office
Occupancy
100%
Lease Type
NN
Net Operating Income
$122,400
Building Details
Year Built
1995
Tenancy
Single
Listing Agency:
JLL Austin
Listed By:
Kirby Hayes · License #TX 755222
Source:
Crexi
Added: Mar 9
Changed: Aug 29
Last Checked: Aug 29 at 5:19PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JLL Austin
Investment Insights
Based on property information with market context.
This 5,094-square-foot freestanding medical center occupies a 0.51-acre parcel and operates as Club Hill Animal Clinic. The facility provides veterinary services ranging from routine examinations and walk-in emergency care to advanced surgery. The property is occupied by a single tenant under a NN lease structure, with 2.00% annual rent increases and two 5-year option periods.
The site is located at 3339 Broadway Blvd. in Garland, with access to Broadway Blvd. and East Centerville Rd. Broadway Blvd. carries 36,000+ vehicles per day, while East Centerville Rd. carries 40,000+ vehicles per day. Downtown Dallas is approximately 14 miles away. Within three miles are 6.6 million square feet of retail space and 104 multifamily buildings totaling over 13,700 units. The property was built in 1995 and is 100% leased to ZBS Club Hill, LLC, an operator affiliated with Alliance Animal Health.
The site is located at 3339 Broadway Blvd. in Garland, with access to Broadway Blvd. and East Centerville Rd. Broadway Blvd. carries 36,000+ vehicles per day, while East Centerville Rd. carries 40,000+ vehicles per day. Downtown Dallas is approximately 14 miles away. Within three miles are 6.6 million square feet of retail space and 104 multifamily buildings totaling over 13,700 units. The property was built in 1995 and is 100% leased to ZBS Club Hill, LLC, an operator affiliated with Alliance Animal Health.
Key Highlights
- 5,094 SF freestanding medical center on a 0.51‑acre parcel
- 100% leased to ZBS Club Hill, LLC under a NN lease structure
- 2.00% annual rent increases with two 5‑year option periods
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$68,659
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.21%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,373,180
$1.4M
Cap Rate 7%
$980,843
$980.8K
Cap Rate 9%
$762,878
$762.9K
Market Conditions
NOI Build-Up for 5,094 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$127.1K $24.96/SF
− Vacancy
−$12.7K −$2.50/SF
EGI
$114.4K $22.46/SF
− OpEx
−$45.8K −$8.99/SF
NOI
$68.7K $13.48/SF
Area
Garland, TX
Vacancy
10.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,373,180
Cap Rate 7%
$980,843
Cap Rate 9%
$762,878
Alternative Uses
Best Use
Office B
$4.18M
$3.66M – $4.88M
NOI $292,518 @ 7.0% cap · market cap 17.92%
Second Best
Healthcare Medical
$980.8K
$858.2K – $1.14M
NOI $68,659 @ 7.0% cap · market cap 4.21%
Theoretical Best
Office A
$6.11M
$5.35M – $7.13M
NOI $427,867 @ 7.0% cap · market cap 26.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
793
Businesses Nearby
Explore this area
Business Placement
Demographics for 75043, TX
63,973
Population
23,439
Households
2.7
Avg Household Size
36
Median Age
25%
College-Educated
84%
High-School Grad
14.7 sq mi
ZIP Area
4,352
Density / Sq Mi
$75,454
Median Household Income
$39,062
Median Earnings
$1,467
Median Rent
$253,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical center - Animal care facility with a net lease and on-site veterinary operations serving Garland pet owners.
Where is this medical center located?
The property is located at 3339 Broadway Blvd Garland, TX.
What is the asking price?
The asking price for this property is $1,632,000.
What are key features of this property?
This property features: 5,094 SF freestanding medical center on a 0.51‑acre parcel; 100% leased to ZBS Club Hill, LLC under a NN lease structure; 2.00% annual rent increases with two 5‑year option periods
