516 W Bonds Ranch Rd, Fort Worth, TX 76131
- Medical Office Space
- 15,959 SF
- 2.04 lot acres
Current Use by Public Records
- Action Behavior Centers - ABA Therapy for Autism / Pediatrician
Property Details for 516 W Bonds Ranch Rd
- Year built
- 2023
- Lot size
- 2.04 lot acres
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 33034-1-2
- APU
- 3303412
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| May 31, 2022 | — | 516 W Bonds Ranch Limited Libility | Jkcc Island Enterprises LLC | Special Warranty Deed | — |
| Oct 31, 2014 | — | John Wigginton | Baudoin,brandon S | Warranty Deed | $396k · North Tx Bk |
| Oct 3, 2012 | $25,000 | Baudoin,brandon S | Cox,edward S | Trustees Deed | — |
| Feb 15, 2012 | $25,000 | Baudoin,brandon S | Cox,edward S | Trustees Deed | — |
| Jul 22, 2011 | — | Morehead,jack JR & Racquel | Baudoin,brandon S | Grant Deed · related | — |
| Jun 20, 2011 | — | Morehead,jack JR & Racquel | Baudoin,brandon S | Grant Deed | $950k · Brandon S Baudoin |
| Nov 16, 2004 | — | Baudoin,brandon S | Baudoin,dana M | Quit Claim Deed · related | — |
| — | — | John Wigginton | — | Loan Modification · related | $396k · North Tx Bk |
Description
This exceptional Class A medical office building, located at 516 W Bonds Ranch Rd, Fort Worth, Texas 76131, presents a compelling investment opportunity. The property boasts 8,872 square feet of net rentable space within a single-story, newly constructed (2023) building. Currently 100% occupied under a ten-year absolute triple-net (NNN) lease commencing November 30, 2023, and expiring November 30, 2033, this investment offers significant stability and predictable cash flow. The tenant, Action Behavior Centers, LLC, a reputable organization with over 180 locations nationwide, is responsible for all operating expenses, including roof and structure maintenance. A landlord management fee may apply. The lease includes annual rent increases of $0.50 per square foot, commencing in year three, providing built-in growth potential. The property generates a strong net operating income (NOI) of $266,199. Situated in Tarrant County, Fort Worth, a rapidly growing city recognized by the US Census as the fastest-growing large city in the United States, this asset offers a combination of strong tenant creditworthiness, long-term lease security, and a prime location within a thriving market. This is a rare opportunity to acquire a stabilized, high-performing medical office building in a dynamic Texas market.
Value Estimations
-
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $1,400,000 Current use
- RETAIL STORES
- $1,540,000 Change: +10% Conversion: Difficult
- OFFICE BUILDING
- $1,460,000 Change: +4% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Fort Worth
- County
- Tarrant
- State
- Texas
- Longitude
- -97.3697
- Latitude
- 32.925
- CBSA code
- 19100
- CBSA name
- DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
