Marcus & Millichap is pleased to present the exclusively listed Dallas Heart and Vascular Consultants, located at 916 East Highway 67 in Duncanville, Texas. The 5,972 square foot building was built in 2014 and is situated on 1.05 acres.
The Dallas Fort Worth MSA is among the strongest real estate markets in the country with over 1,000 families moving in every week. Duncanville is an established submarket within DFW that is experiencing high levels of growth and development. The subject property is located just off the Cockrell Hill Rd exit off Highway 67 with daily traffic counts surpassing 95,000. It is in a dense retail corridor and is located less than one mile from two different hospital campuses.
Dallas Heart & Vascular Consultants is a well-established provider of cardiovascular health services with multiple locations in Dallas, Grand Prairie, and Duncanville. They had this clinic built to their specifications in 2014 and have invested heavily in the buildout and in expensive imaging and procedural equipment. The tenant has agreed to sign a 10-year lease at closing and asked to have two additional 5-year options.
This property offers an investor attractive returns on a triple-net basis with annual rental escalations of 1.5%. Those returns can be bolstered even further by attractive financing terms provided by Mark One Capital.
- 10-Year Sale-Leaseback
- Strong DFW Market
- Newly Constructed Building
- Close Proximity To Retail/Hospital
- Well Established Tenant
- Annual Rent Increases