1171 Green Oaks BlvdArlington, TX 76017

For Sale
$7,897,114

High-yield medical office, 20-year lease.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a fee-simple interest in a 5,351 square foot medical office building in Arlington, Texas. The property, built in 2005 and renovated in 2023, boasts a brand-new 20-year absolute NNN lease with four 5-year options to extend, commencing April 1, 2023, and expiring April 1, 2043. The tenant, Total Point Urgent Care, a rapidly expanding healthcare provider with 15 facilities open and 21 under construction across Texas and Arizona, occupies the entire building at 100% occupancy. The lease includes 2% annual rental increases, providing a hedge against inflation and growing net operating income (NOI) currently at $552,798, with a 7.00% cap rate and an asking price of $7,897,114 ($1,475.82/sq ft). The property sits on a 1.33-acre lot with 106 parking spaces and is zoned CC: Community Commercial. Its prime location at 1171 SW Green Oaks Boulevard, Arlington, TX 76017, offers significant street frontage, multiple access points, and high visibility, benefiting from an average daily traffic count of 76,400 vehicles on the intersecting Green Oaks Boulevard and South Cooper Street. Proximity to Interstate 20 (181,500 VPD) further enhances accessibility. The 5-mile trade area encompasses a population of 171,000 residents and 69,000 employees, with an average household income of $134,526. The lease is guaranteed by Elysian Capital, a private equity firm managing $700 million. This is a truly exceptional, low-risk investment opportunity with significant long-term growth potential.

Highlights

  • Brand-new 20-year absolute NNN lease with four 5-year options, 2% annual rent increases, and a strong guarantee from Elysian Capital.
  • Zero landlord responsibilities and no Texas state income tax.
  • High-visibility location at a signalized intersection with 76,400 VPD, offering excellent street frontage and multiple access points.
  • Less than 1.5 miles from Interstate 20 (181,500 VPD), providing convenient access.
  • Strong 5-mile trade area with 171,000 residents, 69,000 employees, and a $134,526 average household income.

Property Details for 1171 Green Oaks Blvd

Property type
Other office properties, Medical offices
Square Feet
5,351 SF
Year Built/Renovated
2005/2023
Lot Size (sq. ft)
57,935 SF

Location Insight

City
Arlington
County
Tarrant
State
Texas
Latitude
32.6600231
Longitude
-97.1332292
1171 Green Oaks Blvd, Arlington, Texas

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
1171 Green Oaks Blvd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message