4801 S Buckner Blvd, Dallas, TX 75227
- Medical Office Space
- 28,443 SF
- 3.00 lot acres
Current Use by Public Records
- Align Dental Care- Buckner / Dental Office
- PatientsChoice - East/Headquarters / Medical Clinic
- Soto Abigail L / Restaurant
- Patel Mamta R / Employment Agency
- Buckner Medical Center / Medical Clinic
Property Details for 4801 S Buckner Blvd
- Year built
- 2003
- Construction
- TILT-UP CONCRETE
- Lot size
- 3.00 lot acres
- Zone code
- Z179
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 006127000X01A0000
- APU
- 006127000X01A0000
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Nov 17, 2020 | — | Bolero Real Estate Holdings LLC | Nla Management LLC | Venders Lien | $4.7M · First National Bank Of Omaha |
| Aug 31, 2017 | — | Nla Management LLC | Medical Brothers LP | Warranty Deed | $2.4M · Valliance Bank |
| — | — | Medical Brothers | — | Deed Of Trust · related | $4.6M · Bridger Commercial Funding LLC |
Description
Exceptional investment opportunity: This fee-simple medical office building in Dallas, TX, presents a compelling investment opportunity. The property boasts 28,443 square feet, currently under a master NNN lease with TED Ventures, LLC, for a remaining term of eight years, expiring October 31, 2032. The lease commenced October 31, 2020, and includes a 2% annual rental increase, providing a hedge against inflation and steadily growing net operating income (NOI). The building, constructed in 2003, sits on a 3-acre lot and features 144 parking spaces. The property enjoys a prime location at 4801 S Buckner Blvd, Dallas, TX 75227, benefiting from high visibility and accessibility due to its location on a major retail thoroughfare near the intersection of Buckner Blvd. and Forney Rd. The property's strategic location near I-30 and US Highway 80, major roadways with combined daily traffic exceeding 277,000 vehicles, further enhances its appeal. The area boasts strong demographics, with a population of over 340,000 within a 5-mile radius and an average household income of $79,054. The property's NOI is $604,906, resulting in a 7.86% cap rate, and the asking price is $7,700,000 ($270.72/sq ft). The property is zoned MC-1 and the APN is 006127000X01A0000. Nearby amenities include a Walmart Supercenter, Sam's Club, and other national retailers, creating a robust retail environment. The proximity to major medical facilities, including Baylor University Medical Center, Dallas Regional Medical Center, and White Rock Medical Center, further strengthens the property's value and potential for long-term growth. This is a minimal landlord responsibility investment, ideal for a passive investor seeking stable returns.
Value Estimations
-
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $1,930,000 Current use
- RETAIL STORES
- $2,800,000 Change: +45% Conversion: Difficult
- OFFICE BUILDING
- $2,480,000 Change: +29% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Dallas
- County
- Dallas
- State
- Texas
- Longitude
- -96.6836
- Latitude
- 32.7812
- CBSA code
- 19100
- CBSA name
- DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
