7309 Cyn Park DrFort Worth, TX 76123

For Sale
$1,771,910

High-yield NNN lease, 6.30% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional Class A medical office building, constructed in 2023, presents a compelling investment opportunity in the thriving South Fort Worth market. The property, located at 7309 Canyon Park Dr, Fort Worth, TX 76123, boasts 4,467 square feet and is situated on a single story building. Currently 100% occupied by Behavioral Innovations under a 7-year Net Lease (NNN) agreement commencing March 1, 2024, and expiring March 1, 2030, leaving a substantial 6-year remaining lease term. The lease includes annual rent increases, ensuring consistent income growth. The property generates a strong Net Operating Income (NOI) of $111,630, translating to an attractive 6.30% capitalization rate. This single-tenant, investment-grade property is ideal for 1031 exchange buyers seeking a stable, high-return asset in a rapidly developing area. The building's modern design and prime location make it an exceptional investment opportunity with significant long-term potential. The asking price is $1,771,910. This is a rare chance to acquire a newly constructed, fully leased medical office building with a proven tenant in a desirable location.

Highlights

  • $1,771,910 asking price for a Class A, 4,467 SF medical/traditional office building.
  • Net lease (NNN) with a 6.30% cap rate and $111,630 annual NOI.
  • Single-tenant, 7-year lease commencing March 1, 2024, with 6 years remaining.
  • 100% occupancy by Behavioral Innovations in Fort Worth, TX.
  • Located at 7309 Canyon Park Dr, Fort Worth, TX 76123, in a high-growth area.
  • 2023 construction, one-story building, suitable for a 1031 exchange.

Property Details for 7309 Cyn Park Dr

Property type
Other office properties, Medical offices
Square Feet
4,467 SF
Class
A
Year Built
2023
Stories
1
Units
1

Location Insight

City
Fort Worth
County
Tarrant
State
Texas
Latitude
32.633797
Longitude
-97.407414
7309 Cyn Park Dr, Fort Worth, Texas

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7309 Cyn Park Dr
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