3000 Macarthur BlvdIrving, TX 75062

Property Details for 3000 Macarthur Blvd

Year built

1970

Construction

FRAME

Lot size

0.52 AC

Property size (Sq ft)

1,724 SF

Zone code

Z57

Property type

Healthcare properties

Property subtype

Medical offices

APN

32038200000020000

APU

32038200000020000

Description

This exceptional Class A, 6,600 square foot medical office building presents a compelling investment opportunity. Located in Irving, Texas, at 3000 N MacArthur Blvd, this multi-tenant property boasts three dental practices under new 10-year NNN leases with 3% annual rent bumps and two 5-year renewal options. The building, renovated in 2024, enjoys 100% occupancy, generating a substantial net operating income (NOI) of $240,000 and a 7.50% cap rate. The asking price is $3,200,000, translating to $485 per square foot. Situated on a high-traffic thoroughfare (MacArthur Blvd, over 30,000 vehicles per day) near Hwy 183 and Baylor Scott & White Medical Center (293 beds), this property benefits from excellent visibility and proximity to a large patient base. The strong demographics of Irving, with a 17.6% population increase since 2010 and average household incomes exceeding $85,000 within a five-mile radius, further enhance its investment appeal. The Dallas-Fort Worth MSA's robust economic growth and the inherent stability of healthcare tenants contribute to the long-term value and potential of this exceptional investment. The minimal landlord responsibilities inherent in the NNN lease structure provide a passive income stream with significant upside potential. This property offers a rare combination of strong current performance and future growth prospects within a thriving market.

• CAP approach

  CAP return

  Valuation

  6%

  $276,508

  6.5%

  $255,238

  7%

  $237,007

• Comparable approach

  Method

  Valuation

  Relative Method

  $179,069

  Geo Method

  $453,276

• Alternative Use

  Use

  Valuation

  Residential

  $316,496

  Hospitality

  $289,908

  Educational

  $241,200

  Medical

  $249,495

  Retail

  $375,200

Location Insight

City

Irving

County

Dallas

State

Texas

Latitude

32.8472

Longitude

-96.9586

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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