9127 King Arthur Dr Dallas, TX 75247-3607

Property Details for 9127 King Arthur Dr

Year built

1985

Construction

FRAME

Lot size

0.62 lot acres

Property size

7,640 SF

Zone code

Z116

Property type

Showrooms

APN

007941000212A0000

APU

007941000212A0000

Description

This exceptional investment opportunity presents a fee-simple interest in a 7,640-square-foot, single-tenant medical office building in Dallas, Texas. The property is fully occupied by Sunshine Pediatric Day Center, a leading provider of Prescribed Pediatric Extended Care Centers (PPECC) services in Texas, under a brand-new 15-year absolute NNN lease commencing September 18, 2024, and expiring September 17, 2039. The lease includes two 5-year renewal options with a 3% annual rent increase in the base rent and options. The building, constructed in 1985 and extensively renovated in 2020, sits on a 0.57-acre lot at 9127 King Arthur Dr, Dallas, TX 75247. The property boasts a strong financial profile, with a Net Operating Income (NOI) of $320,870 and a 7.00% cap rate. The asking price is $4,585,000. The strategic location between John W Carpenter Fwy and US 35E ensures high visibility and accessibility, with daily traffic counts exceeding 16,000 vehicles. The surrounding area has a population of 254,641 residents within a 5-mile radius, boasting an average household income of $77,890. This investment benefits from the growing demand for PPECC services, favorable reimbursements from Texas Medicaid, and reduced competition due to licensing requirements. The tenant's expansion plans further solidify the long-term value of this property. This is a rare opportunity to acquire a high-quality, single-tenant medical office building with a secure, long-term lease and significant upside potential.

Location Insight

City

Dallas

County

Dallas

State

Texas

Longitude

-96.8827

Latitude

32.8329

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments