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SOLD: Off Market NNN Property in Dallas-Forth Worth Metro

 

 

BENBROOK, TX – Nick Miner, CCIM reports representing the buyer of the off market, triple-net leased investment property in Benbrook, TX for $2,580,000, or a 6.9% cap rate with a long-term lease.

The newly constructed property for Integrity Urgent Care is in Benbrook, Texas, a suburb of Dallas/Fort Worth metro area. Benbrook itself is a vibrant, growing community with a strong middle-class base. This makes it fertile ground for businesses that cater to families and offer convenient, car-friendly experiences.

Nick Miner, CCIM, Senior Vice President at ORION commented, “This completes the 1031 exchange for my client that I helped sale a property in Tempe earlier this year.” Miner continued, “We looked all around the country before we came across this opportunity that was not on the market.”

Miner was working on another property with the seller’s agent and was informed that this property was going to be coming to market soon. “My client owned other assets in the area and went out for a site visit and liked what they saw and proceeded quickly.”

From open to close the transaction took 36 days and while in escrow it was announced that Integrity Urgent Care was being purchased by Goldman Sachs, a major enhancement to the credit quality for my client.

Buyer, 2700 S Mill Avenue, LLC, was represented by Miner of ORION Investment Real Estate.

Seller, Palm Development Partners, LLC, was represented by Kaveh Ebrahimi of Helios Investment Group.

 

For more information, call me!

 

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