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401 Westpark Way
Euless, TX 76040
Podiatry Clinic | Absolute NNN | 2% Increases · Office Property For Sale
Investment Highlights
- Brand New Lease – A brand new 15-year lease will be signed at the close of escrow
- High Growth Market – In the past 5 years the population grew 14.61% and is expected to grow another 6.17% by 2025
- Strong Demographics – Population includes around 264,556 residents within a 5-mile radius with an average household income of $99,620
- Annual Rental Increases – 2% annual increases provide a potential investor a great hedge against inflation
Property Facts
Property Type
Office
Property Subtype
Building Size
4,941 SF
Building Class
C
Year Built
1982
Tenancy
Single
Building Height
1 Story
Typical Floor Size
4,941 SF
Building FAR
0.22
Lot Size
0.51 AC
Zoning
C1, Euless
Parking
18 Spaces (3.64 Spaces per 1,000 SF Leased)
About 401 WESTPARK WAY , EULESS, TX 76040
Extremely Passive Investment – This long-term single-tenant healthcare investment features a landlord-friendly lease structure that is ideal for out of state investors Surrounding Tenants – Property is near Texas Health Harris Methodist Hurst Campus, Cook Children’s Pediatrics, Texas Oncology, Quick Trip, Jimmy John’s, IHOP, Whataburger, Subway and many more E-Commerce Resistant Tenant – Healthcare operators aren’t prone to thesame competition that many retail tenants face Ideal Single Tenant Format Formation – Subject property is strategically situated in the immediate proximity of a strong lineup of medical tenants and residences Tax-Free State – Texas has zero income tax for real estate investments
Property Taxes
| Parcel Number | 04853865 | Improvements Assessment | $819,043 |
| Land Assessment | $137,481 | Total Assessment | $864,000 |
Property Taxes
Parcel Number
04853865
Land Assessment
$137,481
Improvements Assessment
$819,043
Total Assessment
$864,000
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