10901 Garland Rd Dallas, TX 75218
For Sale
This exceptional investment opportunity presents a 15,536-square-foot medical office building in Dallas, Texas, boasting a strong 8% capitalization rate. The property, situated on a 0.48-acre lot at 10901 Garland Rd, 75218, is a two-story building constructed in 1967 and renovated in 2006. Currently 100% occupied by three tenants, including the anchor tenant, Smiley Dental & Orthodontics, the building benefits from a triple-net (NNN) lease structure with a corporate guarantee. The leases feature annual 2% rent increases, providing inflation protection. The current Net Operating Income (NOI) stands at $310,720. Smiley Dental & Orthodontics occupies 50% of the space under a new 15-year NNN lease, while Clinica San Andres and Smiley Dental Management office are under a three-year NNN lease. The owner-user option exists, as the 7,768 square foot upstairs office space occupied by Smiley Dental Management could be relocated. This stabilized investment offers a secure, long-term return in a rapidly growing metropolitan area, with the added benefit of no state income tax in Texas. The building's strong tenant base, coupled with the long-term lease agreements and built-in rent increases, makes this a compelling investment opportunity. The asking price is $3,884,000.
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Smiley Dental & Orthodontics Dental Office
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Clinica San Andres Medical Clinic
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Wong Jamie S DDS Dental Office
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Dr. Stephen Dao Dental Office
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Yasmin Awad Dental Office
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Z59 · Dallas, TXDallas. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.