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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

3924 Tarrant Pkwy Fort Worth, TX 76244

5,627 SF 0.13 ac lot Built 2015
Property ID
Property summary
AI-generated overview

This exceptional investment opportunity presents a fee-simple interest in a 5,627 square foot, single-tenant medical office building in Fort Worth, Texas. The property, built in 2015, is situated on a 0.13-acre lot with 30 parking spaces and boasts a prominent location on N Tarrant Parkway, benefiting from high visibility and significant daily traffic (29,768 vehicles). Clarkson Eyecare, a reputable tenant with over 200 locations, occupies the entire building under a triple-net (NNN) lease with approximately 2.3 years remaining on the initial 5-year term, followed by three 5-year renewal options. The lease structure minimizes landlord responsibilities, making this an ideal low-management investment. The property offers a strong 6.93% cap rate with a net operating income (NOI) of $131,762 and an asking price of $1,900,000 ($337.66/sq ft). The surrounding area features a robust population (over 280,000 within a 5-mile radius) and a high average household income ($138,710), further enhancing the investment's appeal. Nearby businesses include Walmart, Walgreens, CVS Pharmacy, and Starbucks, and Medical City Alliance hospital is less than a mile away. The property's strong tenant, favorable lease terms, and prime location combine to create a compelling investment opportunity. The property's APN is 30237C-A-100.

Property profile
Verified
Property type Retail properties & Spaces
Year built 2015
Total area 5,627 SF
Lot 0.13 ac (5,663 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Jordan J. Pierce, OD Physician
  • Aaron Lee, OD Physician
  • Robert Li Physician
  • Clarkson Eyecare Keller Physician
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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