3000 Macarthur BlvdIrving, TX 75062

For Sale
$3,200,000

High-growth DFW, 100% occupied, strong NOI.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional Class A, 6,600 square foot medical office building presents a compelling investment opportunity. Located in Irving, Texas, at 3000 N MacArthur Blvd, this multi-tenant property boasts three dental practices under new 10-year NNN leases with 3% annual rent bumps and two 5-year renewal options. The building, renovated in 2024, enjoys 100% occupancy, generating a substantial net operating income (NOI) of $240,000 and a 7.50% cap rate. The asking price is $3,200,000, translating to $485 per square foot. Situated on a high-traffic thoroughfare (MacArthur Blvd, over 30,000 vehicles per day) near Hwy 183 and Baylor Scott & White Medical Center (293 beds), this property benefits from excellent visibility and proximity to a large patient base. The strong demographics of Irving, with a 17.6% population increase since 2010 and average household incomes exceeding $85,000 within a five-mile radius, further enhance its investment appeal. The Dallas-Fort Worth MSA's robust economic growth and the inherent stability of healthcare tenants contribute to the long-term value and potential of this exceptional investment. The minimal landlord responsibilities inherent in the NNN lease structure provide a passive income stream with significant upside potential. This property offers a rare combination of strong current performance and future growth prospects within a thriving market.

Highlights

  • Multi-tenant dental investment opportunity in Irving, TX, with new 10-year NNN leases, 3% annual rent increases, and 5-year renewal options.
  • NNN leases minimize landlord responsibilities, providing a passive investment.
  • 100% occupied dental building with strong tenant retention due to the specialized nature of healthcare businesses.
  • Located in the high-growth Dallas-Fort Worth MSA, the 4th largest in the US.
  • Strong demographics: Irving's population grew 17.6% since 2010, with average household incomes over $85,000 within a five-mile radius.
  • Excellent location near Baylor Scott & White Medical Center (293 beds), major schools, and other medical facilities.

Property Details for 3000 Macarthur Blvd

Property type
Other office properties, Medical offices
Square Feet
6,657 SF
Class
A
Year Renovated
2024

Location Insight

City
Irving
County
Dallas
State
Texas
Latitude
32.8449965
Longitude
-96.9799755
3000 Macarthur Blvd, Irving, Texas

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3000 Macarthur Blvd
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