311 Southlake Blvd Southlake, TX 76092-6184

Property Details for 311 Southlake Blvd

Year built

2009

Lot size

0.47 lot acres

Property size

3,201 SF

Property type

Medical offices

Property subtype

Medical centers

APN

44033C--C

APU

44033CC

Description

This exceptional investment opportunity presents a 3,200 square foot Class A medical office building in Southlake, Texas, currently 100% occupied by Smile Doctors, a leading dental support organization with over 450 locations nationwide. The property boasts a strong 8.5-year remaining lease term (extending to March 12, 2033) with a 2% annual rent increase, providing predictable cash flow and significant long-term value. The NNN lease structure minimizes landlord responsibilities, making this an attractive passive investment. Located at 311 W Southlake Blvd, 76092, this single-story building benefits from high visibility on a major thoroughfare with over 45,000 vehicles per day, situated within a thriving medical office park. The property's prime location in the affluent Southlake area, part of the rapidly growing Dallas-Fort Worth MSA, ensures consistent demand and high occupancy rates. The building was constructed in 2009 and features a corporate guarantee, further enhancing the security of this investment. The asking price is $1,618,400, representing a 6.75% cap rate and a price per square foot of $505.75. The annual net operating income (NOI) is $109,242. This is a rare opportunity to acquire a stable, high-performing asset in a premier location with significant upside potential within a rapidly expanding market sector. The lease includes two 5-year renewal options. The average household income within a 3-mile radius exceeds $211,000.