739 Arapaho Rd, Richardson, TX 75080-4137
- Specialty properties
- 2,541 SF
- 0.49 lot acres
Current Use by Public Records
- Arapaho Road Animal Clinic / Veterinary Clinic
- Arapaho Road Animal Clinic: Sperry Wesley DVM / Veterinary Clinic
- Arapaho Road Animal Clinic: May Jacky DVM / Veterinary Clinic
Property Details for 739 Arapaho Rd
- Year built
- 1968
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.49 lot acres
- Zone code
- Z31
- Property type
- Specialty properties
- APN
- 42186500810190200
- APU
- 42186500810190200
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Mar 14, 2025 | — | Veera Holdings LLC | Dtd 739 W Arapaho LLC | Special Warranty Deed | $645k · Service FCU |
| Aug 17, 2023 | — | Dtd 739 W Arapaho LLC | — | Deed · related | $400k · Captex Bank |
| Jan 24, 2022 | — | Dtd 739 W Arapaho LLC | Terry M Perkins | Special Warranty Deed | — |
| Sep 30, 2020 | — | Perkins,t M & J D Fam Li Trust | Terry M Perkins | Quit Claim Deed · related | — |
Description
This exceptional investment opportunity presents a fee-simple ownership of a 2,727-square-foot medical office building in Richardson, Texas. Currently 100% occupied by VetCor Animal Clinic under a net-lease agreement, this property boasts a substantial 13-year remaining lease term, expiring December 1, 2037. The lease commenced January 1, 2022, and includes built-in 2% annual rent increases beginning in 2025, ensuring consistent income growth. The property generates a strong net operating income (NOI) of $72,000, resulting in a compelling 6.75% cap rate. Located at 739 W Arapaho Rd, this strategically positioned asset benefits from high traffic counts, with W Arapaho Rd seeing 33,300 vehicles per day and the intersecting US Route 75 boasting 334,000 vehicles per day. The property sits on a 0.49-acre lot and was built in 1967. The strong demographics of the area, with over 429,400 residents within a 5-mile radius and above-average household incomes, further enhance the investment's appeal. VetCor, a national operator with over 870 locations, provides stability and brand recognition. The asking price is $1,066,667, translating to $391.15 per square foot. This is a rare opportunity to acquire a stable, high-performing medical office investment with significant long-term potential.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Richardson
- County
- Dallas
- State
- Texas
- Longitude
- -96.7473
- Latitude
- 32.9627
- CBSA code
- 19100
- CBSA name
- DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
