516 Bonds Ranch Rd Fort Worth, TX 76131

Property Details for 516 Bonds Ranch Rd

Year built

2023

Lot size

2.04 lot acres

Property size

15,959 SF

Property type

Medical offices

Property subtype

Medical centers

APN

33034-1-2

APU

3303412

Description

This exceptional Class A medical office building, located at 516 W Bonds Ranch Rd, Fort Worth, Texas 76131, presents a compelling investment opportunity. The property boasts 8,872 square feet of net rentable space within a single-story, newly constructed (2023) building. Currently 100% occupied under a ten-year absolute triple-net (NNN) lease commencing November 30, 2023, and expiring November 30, 2033, this investment offers significant stability and predictable cash flow. The tenant, Action Behavior Centers, LLC, a reputable organization with over 180 locations nationwide, is responsible for all operating expenses, including roof and structure maintenance. A landlord management fee may apply. The lease includes annual rent increases of $0.50 per square foot, commencing in year three, providing built-in growth potential. The property generates a strong net operating income (NOI) of $266,199. Situated in Tarrant County, Fort Worth, a rapidly growing city recognized by the US Census as the fastest-growing large city in the United States, this asset offers a combination of strong tenant creditworthiness, long-term lease security, and a prime location within a thriving market. This is a rare opportunity to acquire a stabilized, high-performing medical office building in a dynamic Texas market.

Location Insight

City

Fort Worth

County

Tarrant

State

Texas

Longitude

-97.3697

Latitude

32.925

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments