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Property profile & analytics
FOR SALE
Showrooms

1841 N Jupiter Rd Garland, TX 75042

13,858 SF 2.22 ac lot Built 1987
Entity Owned 4-yr Hold Absentee Owner Free & Clear
Property ID
US83-1087061
Property summary
AI-generated overview

This exceptional investment opportunity presents a single-tenant, net-leased (NNN) office and retail property occupied by Biomat USA, a subsidiary of the global healthcare giant Grifols. Located in Garland, Texas, within the Dallas MSA, this 13,858-square-foot building sits on a 2.22-acre lot and boasts a strong 8.00% cap rate based on a Net Operating Income (NOI) of $300,704. The current lease, commencing September 1, 2017, and expiring August 31, 2027, offers a remaining term of approximately 2.8 years, with attractive 3% annual rent bumps. Three five-year renewal options further enhance the long-term value. The property benefits from its prime location near the intersection of North Jupiter Road and Buckingham Road, experiencing combined daily traffic exceeding 65,900 vehicles. This high-traffic area is anchored by numerous national retailers, including The Home Depot, Albertsons, Walgreens, Starbucks, Wells Fargo, Chase Bank, The UPS Store, and Medical City ER Garland. The property's proximity to LV Berkner High School STEM Academy (serving 2,700 students) adds to its appeal. The surrounding area demonstrates strong demographics, with over 382,500 residents within a five-mile radius and an average household income exceeding $107,000. The tenant's strong financial backing and the property's location in a tax-free state contribute to its exceptional investment potential. The asking price is $3,758,800.

Property profile
Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1987
Construction TILT-UP CONCRETE
Total area 13,858 SF
Lot 2.22 ac (96,616 SF)
APN 26054550010030000
UPID US83-1087061
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Grifols Biomat USA - Plasma Donation Center Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$585k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.11M
Blend (final) Blend
$845k
Owner & transaction history
ARG PSGRLTX001 LLC
ARG PSGRLTX001 LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $1.4M +98.1%
Office building $930,000 +36.0%
Medical building $905,000 +32.5%
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