710 Us Highway 377Pilot Point, TX 76262

For Sale
$2,884,000

High-yield, single-tenant medical office.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a 4,990-square-foot medical office building in Roanoke, Texas, a thriving suburb within the affluent Dallas/Fort Worth metroplex. The property, constructed in 2021, sits on a 0.67-acre lot and boasts a 100% occupancy rate with a strong, creditworthy tenant: Action Behavior Centers, a leading ABA therapy provider ranked among the top 30 in the US. Action Behavior Centers recently signed a new net lease extending through July 2034, featuring 2% annual escalations during the primary term and two 5-year renewal options with 3% annual escalations. This provides exceptional long-term stability and predictable income growth. The building is strategically located on Highway 377, offering high visibility and multiple access points. Its design incorporates partial masonry construction and a prominent monument sign. The property benefits from its location in a high-income area, with average household incomes exceeding $105,300 within a 1-mile radius and $186,100 within a 3-mile radius. The surrounding area includes significant developments such as Circle T Ranch, Charles Schwab headquarters, Liberty Mutual campus, Fidelity Investments, and Deloitte University, further enhancing the property's value and long-term prospects. The asking price is $2,884,000, representing a compelling 6.40% cap rate. This is a rare opportunity to acquire a high-quality, single-tenant net-leased asset in a prime location with significant upside potential. The property's proximity to major employers, upscale residential areas, and amenities like the Texas Motor Speedway contributes to its strong investment appeal.

Highlights

  • Corporate single-tenant, net-leased Action Behavior Centers in Roanoke, TX (DFW MSA).
  • New 10-year lease expiring July 2034, with 2% annual escalations and two 5-year renewal options at 3% annual escalations.
  • Investment-grade tenant: Action Behavior Centers, a top-30 ABA therapy provider, recently acquired for $840 million.
  • High-income area: Average household income exceeds $105,300, reaching $186,100 within 3 miles.
  • Excellent location near major corporate campuses including Circle T Ranch, Charles Schwab, Liberty Mutual, Fidelity Investments, and Deloitte University.
  • Close proximity to Historic Downtown Roanoke, known for its dining scene.

Property Details for 710 Us Highway 377

Property type
Other office properties, Medical offices
Square Feet
4,990 SF
Year Built
2021
Buildings
1
Stories
1
Lot Size (sq. ft)
29,185 SF

Location Insight

City
Pilot Point
County
Denton
State
Texas
Latitude
32.992285754582
Longitude
-97.233047840502
710 Us Highway 377, Pilot Point, Texas
Leaflet | © OpenStreetMap contributors

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710 Us Highway 377
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