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3200 Bellmead Dr 2,397 SF 100% Leased Retail Building Waco, TX 76705 $825,000 ($344.18/SF) 6.97% Cap Rate
Investment Highlights
- Tenant: Bellmead Kids Dentistry // OrthoDent Management, LLC (DSO; ~10 locations; HQ Austin; 13 years in business)
- ±2,397 SF single-tenant dental clinic on ±0.37 acres
- Trade area growth: 5-mile pop 96,570 (2024) ? 103,177 (2029 projected)
- 10-year NNN lease commencing at Close of Escrow
- Near I-35 / Loop 340 + strong national retail co-tenancy
Executive Summary
Mohr Partners, Inc. is pleased to present 3200 Bellmead Dr, Bellmead (Waco), TX 76705, a ±2,397 SF single-tenant dental clinic situated on ±0.37 acres with 19 surface parking spaces (˜7.9/1,000 SF). The building features a turnkey dental build-out including operatories, sterilization, imaging, reception, and staff areas in a highly accessible, drive-up outpatient format.
The property is leased to OrthoDent Management, LLC (Dental Support Organization; ~10 locations; HQ Austin) on a 10-year NNN lease commencing at Close of Escrow, with 3.0% annual rent increases and two (2) five-year options, delivering durable income growth and long-term tenancy optionality.
Positioned along Bellmead Dr with quick connectivity to I-35 and Loop 340, the asset benefits from daily-needs traffic and proximity to national retailers including Walmart Supercenter, Sam’s Club, H-E-B Plus!, The Home Depot, Chick-fil-A, Whataburger, McDonald’s and more. The surrounding trade area supports outpatient demand with 5-mile population of 96,570 (2024) and 103,177 projected by 2029.
The property is leased to OrthoDent Management, LLC (Dental Support Organization; ~10 locations; HQ Austin) on a 10-year NNN lease commencing at Close of Escrow, with 3.0% annual rent increases and two (2) five-year options, delivering durable income growth and long-term tenancy optionality.
Positioned along Bellmead Dr with quick connectivity to I-35 and Loop 340, the asset benefits from daily-needs traffic and proximity to national retailers including Walmart Supercenter, Sam’s Club, H-E-B Plus!, The Home Depot, Chick-fil-A, Whataburger, McDonald’s and more. The surrounding trade area supports outpatient demand with 5-mile population of 96,570 (2024) and 103,177 projected by 2029.
Property Facts
Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Building Size
2,397 SF
Year Built
1986
Price
$825,000
Price Per SF
$344.18
Cap Rate
6.97%
NOI
$57,528
Percent Leased
100%
Building Height
1 Story
Building FAR
0.15
Lot Size
0.37 AC
Zoning
Commercial
Parking
19 Spaces (7.93 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Signage
- Wheelchair Accessible
- Monument Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Bellmead Kids Dentistry
- Health Care and Social Assistance
- 2,397 SF
- $24.00
- Triple Net
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Bellmead Kids Dentistry | Health Care and Social Assistance | 2,397 SF | $24.00 | Triple Net | - |
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 28-003500-001103-0 | Improvements Assessment | $328,780 |
| Land Assessment | $64,020 | Total Assessment | $392,800 |
Property Taxes
Parcel Number
28-003500-001103-0
Land Assessment
$64,020
Improvements Assessment
$328,780
Total Assessment
$392,800
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3200 Bellmead Dr
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