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Ideal Dental 3629 Wolflin Ave

5,330 SF Retail Building Amarillo, TX 79102 $1,637,964 ($307/SF) 7.25% Cap Rate

Investment Highlights

  • RARE EARLY 5 YEAR NNN LEASE EXTENSION | LONG TERM OPERATING HISTORY | TENANT INCREASED RENT
  • HEALTHCARE REAL ESTATE | SPECIALTY USE | NATIONAL DENTAL OPERATOR (150+ LOCATIONS)
  • PRIME LOCATION | DIRECT HIGHWAY VISIBILITY | MULTI-POINT ACCESS (70,000 VEHICLES PER DAY)
  • PASSIVE LEASE STRUCTURE | IDEAL FOR 1031 EXCHANGE | UNDER $2M PRICE POINT
  • TENANT INVESTMENT IN LOCATION | STICKY INVESTMENT | HIGH QUALITY BUILD OUT

Executive Summary

Antonio Diona, Michael Moreno & Rahul Chhajed in conjunction with Matthews Real Estate Investment Services, Inc., a cooperating foreign broker for this listing pursuant to Section 535.4(b) of the Texas Administrative Code.
Broker of Record
Patrick Graham
License No. 9005919 (TX)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
8300 Douglas Ave.,
Ste. 750, Dallas, TX 75225

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,330 SF
Building Class
B
Year Built
2009
Price
$1,637,964
Price Per SF
$307
Cap Rate
7.25%
NOI
$118,752
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Land Acres
1.00 AC
Zoning
PD
Frontage
150 FT on I-40

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Health Care and Social Assistance
  • 5,330 SF
  • $22.28
  • Triple Net
  • -

At Ideal Dental, they believe that a visit to the dentist should be as pleasant and stress-free as possible. That’s why their dental office was designed to keep patient comfort in mind. Whether they need to schedule a general checkup or require more extensive dental work, they'll address any concerns they might have prior to treatment and answer all of their questions in a relaxed, pressure-free setting. They have convenient locations throughout Texas, so whether they are looking for an office close to home or close to work, they've got them covered.

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Health Care and Social Assistance 5,330 SF $22.28 Triple Net -

Nearby Major Retailers

Red Lobster
Chili's
Bubba's 33
McAlister's Deli
Rosa's Cafe Tortilla Factory
Rudy's BBQ
IHOP
Cheddar's
Olive Garden Italian Kitchen
Gold's Gym

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R-022-1350-2010-0
Land Assessment
$260,310
Improvements Assessment
$1,105,355
Total Assessment
$1,365,665
  • Listing ID: 33208348

  • Date on Market: 9/17/2024

  • Last Updated:

  • Address: 3629 Wolflin Ave, Amarillo, TX 79102

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