4110 Collins StArlington, TX 76040

For Sale
$1,430,000

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

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional 3,800 square foot medical office building, constructed in 2018, is situated on a 0.515-acre lot at 4110 N Collins St, Euless, TX 76040, within the thriving Viridian development in Tarrant County. Currently 100% occupied with a gross lease, the property boasts a strong net operating income (NOI) of $85,724, yielding a 6.00% cap rate. The asking price is $1,430,000. Located in a synergistic medical strip, this property offers a lower rent per square foot compared to nearby medical properties, presenting a significant upside potential. The area benefits from a substantial population surge (16% annually since 2010 within a one-mile radius) and high traffic counts (over 21,000 vehicles per day on North Collins Street). The Viridian development has added $1.9 billion to Arlington's property tax base since its inception in 2011. Its convenient location, less than 10 miles from DFW International Airport, further enhances its appeal. This is a prime investment opportunity in a high-growth submarket within the 3rd highest income zip code in North Texas.

Highlights

  • 3,800 SF medical office building on a 0.51-acre lot in the Viridian development, Euless, TX.
  • 100% occupied with a gross lease, generating $85,724 NOI and a 6.00% cap rate; asking price $1,430,000.
  • Located in a medical strip with lower rent per SF than nearby competitors, offering upside potential.
  • High-growth area with a 16% annual population increase (1-mile radius since 2010) and over 21,000 VPD on North Collins Street.
  • Viridian development added $1.9 billion to Arlington's tax base since 2011; less than 10 miles from DFW Airport.

Property Details for 4110 Collins St

Property type
Other office properties, Medical offices
Square Feet
3,800 SF
Year Built
2018
Lot Size (sq. ft)
22,433 SF

Location Insight

City
Arlington
County
Tarrant
State
Texas
Latitude
32.8018553
Longitude
-97.099141
4110 Collins St, Arlington, Texas

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4110 Collins St
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