WellMed Fort Worth,Texas

$1,082,628
Closed Single-Tenant
Property type:Single-Tenant Net Lease

The space

  • Listing Price: $1,082,628
  • NOI: $74,160
  • Cap Rate: 6.85%
  • Lease Type: Double Net
  • Guarantor: Corporate Guarantee
  • Rentable Square Feet: 4,500
  • Lot Size: 0.43 Acres (18,731 SF)
  • Year Built: 1970

Description

8030 Camp Bowie W Blvd.
Fort Worth, Texas 76116

Investment Highlights

  • WellMed is a Multibillion-Dollar Revenue Healthcare Company Serving the Senior Population Primarily in Texas and Florida
  • More Than 400 Primary Care and Specialist Locations
  • Population of 179,556 Within Five Miles of Property
  • Average Household Income is $55,139 in One Mile of Subject Property, and $94,649 in Five Miles
  • Two, Five-Year Tenant Renewal Options | Three Percent Rent Increases Every Three Years in Base Term and Option Periods
  • Surrounding National Brands Include Kroger, Planet Fitness, Firestone Complete, AutoZone, 7-Eleven, Sonic Drive Inn, Family Dollar, Dollar General, Pizza Hut, Taco Bell, Freedom Power Sports, Harley Davidson, Cadillac, Nissan, Buick, Jeep, Honda, Dodge, Chevrolet and Many More

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a WellMed in Fort Worth, Texas. WellMed is a multibillion-dollar revenue healthcare company serving the senior population and working hard to keep older adults healthy. Today, WellMed is a network of doctors, specialists and other medical professionals that specialize in providing care for more than 700,000 adults with over 18,000 doctors’ offices in Texas and Florida.

The Subject Property is part of the Dallas-Fort Worth metro area, which is the fourth-most populous metro in the nation with a total population of nearly 7.5 million residents. The immediate area has strong demographics with the population more than 180,000 within a five-mile radius of the Subject Property. The population growth in the Dallas metro in recent years ranks among the highest in the U.S. for a major metro. The average household income in one mile is $94,649.

This WellMed is in a high-traffic retail corridor, on Camp Bowie W. Boulevard with more than 23,500 vehicles daily. The Property is conveniently located near Interstate 820, a major thoroughfare with more than 120,000 vehicles daily. Surrounding national brands include Kroger, Planet Fitness, Firestone Complete, AutoZone, 7-Eleven, Sonic Drive Inn, Family Dollar, Dollar General, Pizza Hut, Taco Bell, Freedom Power Sports, Harley Davidson, Cadillac, Nissan, Buick, Jeep, Honda, Dodge, Chevrolet and many more.

Broker of Record

Tim Speck
Lic #: 9002994

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