4120 N Collins Street Medical Office

Marcus & Millichap is pleased to exclusively list for sale 4120 Collins Street in Arlington, Texas, which is a medical property leased to Cure Allergy and Active Family Wellness Center. The Property is a 5,000 square foot medical office building built in 2018 on 22,259 square feet of land in the Viridian Master Planned Community by Johnson Development Company.

The investment property offers an investor an opportunity to purchase a Class A, two-tenant medical building in this rapidly-growing city, located between Dallas and Fort Worth. At the asking price of $2,243,337, an investor will achieve a year-one CAP Rate of 6.75 percent. An investor will also benefit from annual rent increases of 2 percent for Cure Allergy and approximately 1.75 percent for Active Family Wellness Center.

The leases are structured to be absolute triple-net, allowing an investor to pass all expenses along to the tenants. The property’s two-tenant configuration provides an investor with a reduction in risk through tenant diversification.