Dallas, TX - Buckner Medical Plaza

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an NNN leased, Medical Center investment property located in Dallas, Texas. The tenant, TED Ventures, LLC, masters leases the entire building and has over 8 years of lease term remaining, demonstrating their commitment to the site. The lease features 2% annual rental increases throughout the entire term, steadily growing NOI and hedging against inflation. The lease is NNN with minimal landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.

The Medical Center is strategically located near the signalized, hard corner intersection of Buckner Blvd. and Forney Rd. Buckner Blvd. is a major retail thoroughfare serving the city of Dallas. In addition, 4801 Buckner Medical Center is located less than 9 miles from downtown Dallas. The asset benefits from being near the major roads of I-30 and U.S. Highway 80, which combine to average over 277,000 vehicles per day. The property is within a two mile radius of two primary retail corridors with other nearby national/credit tenants including a Walmart Supercenter, Sam’s Club, Planet Fitness, Aldi, Burger King, and more, further increasing consumer traffic to the site. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure for the site. The investment benefits from excellent visibility and access via significant street frontage, multiple points of ingress/egress, and a large pylon sign. Notable medical facilities within the 5-mile trade area include Baylor University Medical Center (844 Beds), Dallas Regional Medical Center (202 Beds), and White Rock Medical Center (151 Beds). The 5-mile trade area is supported by a population of over 340,000 with an average household income of $79,054.