Property summary
This exceptional investment opportunity presents a 4,990-square-foot medical office building in Roanoke, Texas, a thriving suburb within the affluent Dallas/Fort Worth metroplex. The property, constructed in 2021, sits on a 0.67-acre lot and boasts a 100% occupancy rate with a strong, creditworthy tenant: Action Behavior Centers, a leading ABA therapy provider ranked among the top 30 in the US. Action Behavior Centers recently signed a new net lease extending through July 2034, featuring 2% annual escalations during the primary term and two 5-year renewal options with 3% annual escalations. This provides exceptional long-term stability and predictable income growth. The building is strategically located on Highway 377, offering high visibility and multiple access points. Its design incorporates partial masonry construction and a prominent monument sign. The property benefits from its location in a high-income area, with average household incomes exceeding $105,300 within a 1-mile radius and $186,100 within a 3-mile radius. The surrounding area includes significant developments such as Circle T Ranch, Charles Schwab headquarters, Liberty Mutual campus, Fidelity Investments, and Deloitte University, further enhancing the property's value and long-term prospects. The asking price is $2,884,000, representing a compelling 6.40% cap rate. This is a rare opportunity to acquire a high-quality, single-tenant net-leased asset in a prime location with significant upside potential. The property's proximity to major employers, upscale residential areas, and amenities like the Texas Motor Speedway contributes to its strong investment appeal.
Property profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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