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Texas Health Breeze Urgent Care 4635 Frankford Rd 3,002 SF Retail Building Dallas, TX 75287 $2,941,278 ($979.77/SF) 4.85% Cap Rate



INVESTMENT HIGHLIGHTS
- 5.10% AVERAGE BASE TERM CAP RATE
- ABSOLUTE NNN LEASE – ZERO LANDLORD DUTIES
- FORTUNE 100 WORKPLACE – 11 YEARS RUNNING
- RARE 2.5% ANNUAL RENT INCREASES
- CORPORATE-GUARANTEED BY INVESTMENT-GRADE TENANT
- OUTPARCEL TO REMODELED TOM THUMB, SURROUNDED BY NATIONAL RETAILERS
EXECUTIVE SUMMARY
Kidder Mathews and Bang Realty is pleased to present the opportunity to acquire a freestanding Texas Health Resources medical clinic located at 4635 Frankford Road in Dallas, Texas. This ±3,002 SF facility sits on ±0.57 acres and is 100% leased to Texas Health Resources under an absolute NNN lease with no landlord responsibilities. The lease commenced in December 2020 and extends through November 2030, featuring 2.5% fixed annual rent increases—a rare feature in single tenant NNN leases and two (2) five year renewal options.
The subject property is an outparcel to a newly remodeled Tom Thumb grocery store, benefiting from excellent visibility, strong daily traffic, and retail synergy. It is located in an affluent, densely populated area of North Dallas, surrounded by established residential neighborhoods, top-rated schools, and high household incomes, further supporting long-term tenant performance and demand for medical services.
Offered at $2,941,278 the property provides a cap rate of 4.85%. Backed by a corporate guaranty from Texas Health Resources, one of the largest nonprofit health systems in the U.S. with investment-grade credit, this offering delivers a stable, management-free investment in one of Dallas’ most desirable healthcare corridors. An ideal opportunity for 1031 exchange buyers or investors seeking secure, inflation-hedged cash flow.
HIGH-EXPOSURE LOCATION WITH STRONG DEMOGRAPHICS
Affluent North Dallas trade area with ±39,866 VPD along Frankford
Road and 20% projected population growth within a 1-mile radius
over the next five years.
The subject property is an outparcel to a newly remodeled Tom Thumb grocery store, benefiting from excellent visibility, strong daily traffic, and retail synergy. It is located in an affluent, densely populated area of North Dallas, surrounded by established residential neighborhoods, top-rated schools, and high household incomes, further supporting long-term tenant performance and demand for medical services.
Offered at $2,941,278 the property provides a cap rate of 4.85%. Backed by a corporate guaranty from Texas Health Resources, one of the largest nonprofit health systems in the U.S. with investment-grade credit, this offering delivers a stable, management-free investment in one of Dallas’ most desirable healthcare corridors. An ideal opportunity for 1031 exchange buyers or investors seeking secure, inflation-hedged cash flow.
HIGH-EXPOSURE LOCATION WITH STRONG DEMOGRAPHICS
Affluent North Dallas trade area with ±39,866 VPD along Frankford
Road and 20% projected population growth within a 1-mile radius
over the next five years.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,002 SF
Building Class
B
Year Built
1993
Price
$2,941,278
Price Per SF
$979.77
Cap Rate
4.85%
NOI
$142,652
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.57 AC
Zoning
C - Commercial
Parking
27 Spaces (8.99 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
- Wheelchair Accessible
- Air Conditioning
Walk Score®
Very Walkable (74)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R-2773-00J-0040-1 | Improvements Assessment | $779,236 |
| Land Assessment | $771,056 | Total Assessment | $1,550,292 |
PROPERTY TAXES
Parcel Number
R-2773-00J-0040-1
Land Assessment
$771,056
Improvements Assessment
$779,236
Total Assessment
$1,550,292
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Texas Health Breeze Urgent Care | 4635 Frankford Rd
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