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    7309 Cyn Park Dr Fort Worth, TX 76123

    Sponsored
    For Sale
    $1,771,910

    High-yield NNN lease, 6.30% Cap Rate

    Property size:
    4,467 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Class A medical office building, constructed in 2023, presents a compelling investment opportunity in the thriving South Fort Worth market. The property, located at 7309 Canyon Park Dr, Fort Worth, TX 76123, boasts 4,467 square feet and is situated on a single story building. Currently 100% occupied by Behavioral Innovations under a 7-year Net Lease (NNN) agreement commencing March 1, 2024, and expiring March 1, 2030, leaving a substantial 6-year remaining lease term. The lease includes annual rent increases, ensuring consistent income growth. The property generates a strong Net Operating Income (NOI) of $111,630, translating to an attractive 6.30% capitalization rate. This single-tenant, investment-grade property is ideal for 1031 exchange buyers seeking a stable, high-return asset in a rapidly developing area. The building's modern design and prime location make it an exceptional investment opportunity with significant long-term potential. The asking price is $1,771,910. This is a rare chance to acquire a newly constructed, fully leased medical office building with a proven tenant in a desirable location.

    Property Features for 7309 Cyn Park Dr

    General Information

    Property type
    Medical offices
    Square Feet
    4,467 SF
    Class
    A

    Building Details

    Year Built
    2023
    Stories
    1
    Units
    1

    HighLights

    • $1,771,910 asking price for a Class A, 4,467 SF medical/traditional office building.
    • Net lease (NNN) with a 6.30% cap rate and $111,630 annual NOI.
    • Single‑tenant, 7‑year lease commencing March 1, 2024, with 6 years remaining.
    • 100% occupancy by Behavioral Innovations in Fort Worth, TX.
    • Located at 7309 Canyon Park Dr, Fort Worth, TX 76123, in a high‑growth area.
    • 2023 construction, one‑story building, suitable for a 1031 exchange.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Map

    City
    Fort Worth
    County
    Tarrant
    State
    Texas
    Longitude
    -97.407414
    Latitude
    32.633797

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    FAQs

    What type of property is this?
    Medical office - High-yield NNN lease, 6.30% Cap Rate
    Where is this medical office located?
    The property is located at 7309 Cyn Park Dr Fort Worth, TX.
    What is the asking price?
    The asking price for this property is $1,771,910.
    What are key features of this property?
    This property features: $1,771,910 asking price for a Class A, 4,467 SF medical/traditional office building.; Net lease (NNN) with a 6.30% cap rate and $111,630 annual NOI.; Single-tenant, 7-year lease commencing March 1, 2024, with 6 years remaining.
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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
    7309 Cyn Park Dr Fort Worth, TX 76123
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