916 Highway 67 Duncanville, TX 75137
- Office Properties & Spaces
- 5,972 SF
- 1.05 lot acres
Current Use by Public Records
- Dallas Heart and Vascular Consultants / Medical Clinic / Cardiologist
- Dr. Imran Afridi / Cardiologist / Practitioner Service Location
- Gaurav Gupta / Cardiologist
Property Details for 916 Highway 67
- Year built
- 2013
- Lot size
- 1.05 lot acres
- Property size
- 5,972 SF
- Property type
- Office Properties & Spaces
- Property subtype
- Medical offices
Description
This 5,972 square foot medical office building in Duncanville, Texas, is offered at $2,440,000, representing a 6.49% cap rate. Built in 2013, the property sits on a 1.045-acre lot and boasts a strong NOI of $158,461. Currently 100% occupied by Dallas Heart and Vascular, a tenant backed by Heart & Vascular Partners, this is an absolute net lease with a corporate guarantee, eliminating landlord responsibilities for roof and structure. The building enjoys a prime location in a synergistic medical corridor, just five minutes from Methodist Charlton Medical Center, and benefits from high visibility on Highway 67, seeing over 96,000 vehicles daily. The area features numerous national retailers and has experienced consistent population growth (2.6% annually within a 1-mile radius since 2010). The lease includes annual rental increases of 1.5%. This investment opportunity presents a compelling combination of strong tenant, location, and financial performance.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Duncanville
- County
- Dallas
- State
- Texas
- Longitude
- -96.8898
- Latitude
- 32.6415
