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    1841 Jupiter Rd Garland, TX 75042

    Sponsored
    For Sale
    $3,758,800

    Biomat USA NNN Lease, High Traffic Area

    Property size:
    13,858 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    399
    This exceptional investment opportunity presents a single-tenant, net-leased (NNN) office and retail property occupied by Biomat USA, a subsidiary of the global healthcare giant Grifols. Located in Garland, Texas, within the Dallas MSA, this 13,858-square-foot building sits on a 2.22-acre lot and boasts a strong 8.00% cap rate based on a Net Operating Income (NOI) of $300,704. The current lease, commencing September 1, 2017, and expiring August 31, 2027, offers a remaining term of approximately 2.8 years, with attractive 3% annual rent bumps. Three five-year renewal options further enhance the long-term value. The property benefits from its prime location near the intersection of North Jupiter Road and Buckingham Road, experiencing combined daily traffic exceeding 65,900 vehicles. This high-traffic area is anchored by numerous national retailers, including The Home Depot, Albertsons, Walgreens, Starbucks, Wells Fargo, Chase Bank, The UPS Store, and Medical City ER Garland. The property's proximity to LV Berkner High School STEM Academy (serving 2,700 students) adds to its appeal. The surrounding area demonstrates strong demographics, with over 382,500 residents within a five-mile radius and an average household income exceeding $107,000. The tenant's strong financial backing and the property's location in a tax-free state contribute to its exceptional investment potential. The asking price is $3,758,800.

    Property Features for 1841 Jupiter Rd

    General Information

    Property type
    Medical space
    Square Feet
    13,858 SF
    Lot Size
    96,703 SF

    HighLights

    • Dallas MSA location, ranked #4 nationally in population.
    • E‑commerce resistant, essential business use.
    • Biomat USA, a Grifols (NASDAQ: GRFS) subsidiary, as tenant.
    • Texas offers no state income tax.
    • Significant 3% annual rental escalations.
    • Triple Net (NNN) lease; no landlord responsibilities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Grifols Biomat USA ... Blood Donation Center

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Garland
    County
    Dallas
    State
    Texas
    Longitude
    -96.6842791
    Latitude
    32.9297943

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    FAQs

    What type of property is this?
    Medical space - Biomat USA NNN Lease, High Traffic Area
    Where is this medical space located?
    The property is located at 1841 Jupiter Rd Garland, TX.
    What is the asking price?
    The asking price for this property is $3,758,800.
    What are key features of this property?
    This property features: Dallas MSA location, ranked #4 nationally in population.; E-commerce resistant, essential business use.; Biomat USA, a Grifols (NASDAQ: GRFS) subsidiary, as tenant.
    Request Owner's contact information
    1841 Jupiter Rd Garland, TX 75042
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1841 Jupiter Rd Garland, TX 75042
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