739 Arapaho Rd Richardson, TX 75080-4137

Property Details for 739 Arapaho Rd

Year built

1968

Construction

TILT-UP CONCRETE

Lot size

0.49 lot acres

Property size

2,541 SF

Zone code

Z31

Property type

Specialty properties

APN

42186500810190200

APU

42186500810190200

Description

This exceptional investment opportunity presents a fee-simple ownership of a 2,727-square-foot medical office building in Richardson, Texas. Currently 100% occupied by VetCor Animal Clinic under a net-lease agreement, this property boasts a substantial 13-year remaining lease term, expiring December 1, 2037. The lease commenced January 1, 2022, and includes built-in 2% annual rent increases beginning in 2025, ensuring consistent income growth. The property generates a strong net operating income (NOI) of $72,000, resulting in a compelling 6.75% cap rate. Located at 739 W Arapaho Rd, this strategically positioned asset benefits from high traffic counts, with W Arapaho Rd seeing 33,300 vehicles per day and the intersecting US Route 75 boasting 334,000 vehicles per day. The property sits on a 0.49-acre lot and was built in 1967. The strong demographics of the area, with over 429,400 residents within a 5-mile radius and above-average household incomes, further enhance the investment's appeal. VetCor, a national operator with over 870 locations, provides stability and brand recognition. The asking price is $1,066,667, translating to $391.15 per square foot. This is a rare opportunity to acquire a stable, high-performing medical office investment with significant long-term potential.

Location Insight

City

Richardson

County

Dallas

State

Texas

Longitude

-96.7473

Latitude

32.9627

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments