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Surepoint Emergency Center 901 W Jefferson St 6,997 SF 100% Leased Retail Building Grand Prairie, TX 75051 $6,957,000 ($994.28/SF) 8% Cap Rate
Investment Highlights
- Absolute NNN lease with zero landlord responsibilities | 11+ years of primary term | 2% annual rent increases
- Owned and founded by Encore Enterprises | Experienced Dallas-based investment firm | $1.6B in assets under management
- Growing healthcare hub | 239,000 residents located within a 5-mile radius | Grand Prairie’s healthcare sector is a key economic driver
- Strategic Dallas-Fort Worth real estate | Income tax-free state | Signalized hard-corner location
- Recession-resistant 24/7 medical use | Essential healthcare tenancy | High barrier-to-entry healthcare use
Executive Summary
Lee & Associates and Bang Realty are pleased to present for sale the fee simple interest in Surepoint Emergency Center, a freestanding single-tenant emergency room located at 901 W. Jefferson Street in Grand Prairie, Texas within the Dallas–Fort Worth Metroplex. Constructed in 2016, the 6,997 square foot facility sits on approximately 0.90 acres and is positioned as a modern 24/7 emergency medical center serving the surrounding community.
The asset is secured by an absolute NNN lease to Surepoint Emergency Center. The lease features 2% annual rental increases throughout the primary term and renewal options, and the tenant is responsible for roof, structure, HVAC, parking lot, property taxes, and insurance, providing a true passive ownership structure with zero landlord responsibilities.
The asset is secured by an absolute NNN lease to Surepoint Emergency Center. The lease features 2% annual rental increases throughout the primary term and renewal options, and the tenant is responsible for roof, structure, HVAC, parking lot, property taxes, and insurance, providing a true passive ownership structure with zero landlord responsibilities.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Building Size
6,997 SF
Building Class
B
Year Built
2016
Price
$6,957,000
Price Per SF
$994.28
Cap Rate
8%
NOI
$556,560
Percent Leased
100%
Building Height
1 Story
Building FAR
0.15
Lot Size
1.08 AC
Zoning
Z236
Walk Score®
Very Walkable (72)
Nearby Major Retailers
Property Taxes
| Parcel Number | 287221700A0010000 | Improvements Assessment | $2,308,510 |
| Land Assessment | $585,450 | Total Assessment | $2,893,960 |
Property Taxes
Parcel Number
287221700A0010000
Land Assessment
$585,450
Improvements Assessment
$2,308,510
Total Assessment
$2,893,960
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Surepoint Emergency Center | 901 W Jefferson St
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