1171 Grn Oaks Blvd Arlington, TX 76017

Property Details for 1171 Grn Oaks Blvd

Year built

2005

Lot size

1.33 lot acres

Property size

5,351 SF

Property type

Turn key restaurants

APN

40330--33R1D-11

APU

4033033R1D11

Description

This exceptional investment opportunity presents a fee-simple interest in a 5,351 square foot medical office building in Arlington, Texas. The property, built in 2005 and renovated in 2023, boasts a brand-new 20-year absolute NNN lease with four 5-year options to extend, commencing April 1, 2023, and expiring April 1, 2043. The tenant, Total Point Urgent Care, a rapidly expanding healthcare provider with 15 facilities open and 21 under construction across Texas and Arizona, occupies the entire building at 100% occupancy. The lease includes 2% annual rental increases, providing a hedge against inflation and growing net operating income (NOI) currently at $552,798, with a 7.00% cap rate and an asking price of $7,897,114 ($1,475.82/sq ft). The property sits on a 1.33-acre lot with 106 parking spaces and is zoned CC: Community Commercial. Its prime location at 1171 SW Green Oaks Boulevard, Arlington, TX 76017, offers significant street frontage, multiple access points, and high visibility, benefiting from an average daily traffic count of 76,400 vehicles on the intersecting Green Oaks Boulevard and South Cooper Street. Proximity to Interstate 20 (181,500 VPD) further enhances accessibility. The 5-mile trade area encompasses a population of 171,000 residents and 69,000 employees, with an average household income of $134,526. The lease is guaranteed by Elysian Capital, a private equity firm managing $700 million. This is a truly exceptional, low-risk investment opportunity with significant long-term growth potential.

Location Insight

City

Arlington

County

Tarrant

State

Texas

Longitude

-97.1331

Latitude

32.66

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments