RICHARDSON TEXAS
TWO-
TENANT
___________________
INVESTMENT OPPORTUNITY
RICHARDSON
TEXAS
ACTUAL SITE
EXCLUSIVELY MARKETED BY
BRAD GIBBS | FIRST VICE PRESIDENT SRS REAL ESTATE PARTNERS
8343 Douglas Avenue, Suite 200 | Dallas, TX 75225 DL: 214.560.3238 | M: 214.435.4866
Brad.Gibbs@ | TX License No. 611900
WEBB SELLERS | VICE PRESIDENT SRS REAL ESTATE PARTNERS
3511 Broadway Street | San Antonio, TX 78209 DL: 210.504.2781
Webb.Sellers@ | TX License No. 589055
MACON BLOUNT | CLIENT SERVICES MANAGER SRS REAL ESTATE PARTNERS
8343 Douglas Avenue, Suite 200 | Dallas, TX 75225 DL: 214.560.3238
Macon.Blount@
Broker of Record: Mark Reeder, SRS Real Estate Partners TX License No. 318755
ACTUAL SITE
TABLE OF CONTENTS
4
INVESTMENT SUMMARY
OFFERING SUMMARY | INVESTMENT HIGHLIGHTS
7
PROPERTY OVERVIEW
AERIALS | SITE PLAN | LOCATION MAP
12
AREA OVERVIEW
DEMOGRAPHICS
14
FINANCIALS
RENT ROLL | BRAND PROFILE
ACTUAL SITE
INVESTMENT SUMMARY
SRS Real Estate Partners is pleased to offer the opportunity to acquire the fee simple interest (land and building) in a two tenant, fully occupied medical office building investment property located in Richardson, TX. The 8,803 SF building is currently occupied by Richardson Dentistry and Metroplex Orthodontics. Both leases feature approximately 3 years of term remaining with minimal landlord responsibilities and the ability to reposition the asset at the end of the lease term providing considerable potential investment upside. The Subject Property is located along Belt Line Rd., a major thoroughfare that connects the Richardson communities to US Highway 75, the major north-south artery in the region. Richardson is part of the Dallas- Fort Worth Metroplex and is approximately 12 miles north of downtown Dallas. The asset is adjacent to the intersection of Belt Line Rd. and Plano Rd., a local retail destination featuring national tenants including Super Target, Lowe's, Ross, LA Fitness, Staples, Payless Shoe Source, McDonald's and Wendy's. The property is also located within 5 miles of multiple large medical facilities including Methodist Richardson Medical Center, Baylor Family Health Center, and Medical City Hospital. The dense 5-mile trade area is supported by more than 355,000 residents with an average household income of $85,000.
ACTUAL SITE
4 | INVESTMENT SUMMARY | SRS NATIONAL NET LEASE GROUP .
OFFERING SUMMARY
PRICING: PRICE / SF: NET OPERATING INCOME: CAP RATE: TENANTS:
$1,350,000 $153 $103,697 7.68% Richardson Dentistry & Metroplex Orthodontics
PROPERTY SPECIFICATIONS
RENTABLE AREA: LAND AREA: PROPERTY ADDRESS: YEAR BUILT: PARCEL NUMBERS (2):
OWNERSHIP:
8,803 SF 0.77 Acres 1231 E. Belt Line Road, Richardson, TX 75081
1984 42-01469-000-004-0000 42-01469-002-03A-0000 Fee Simple (Land and Building)
ACTUAL SITE
5 | OFFERING HIGHLIGHTS | SRS NATIONAL NET LEASE GROUP .
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