MyEyeDr | 4110 N Collins St
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MyEyeDr 4110 N Collins St
3,800 SF Office Building Arlington, TX 76005 $1,430,000 ($376/SF) 6% Cap Rate
Executive Summary
Situated in the Brand-New Viridian Development in Arlington TX | 3rd Highest Income Zip Code in North Texas (Click Here for More Info)
Located in Synergistic Medical Strip | Easier to Replace Tenant
Lower Rent Per Square Foot Compared to Medical Properties in Immediate Vicinity
Current Tenant On Gross Lease | Comparable Properties All On NNN Lease Structure Creating Potential for Significant Upside
Population Surge of 16% Annually since 2010 in a 1-Mile Radius of Property
The Viridian Development has Added $1.9 Billion to in Value to Arlington’s Property Tax Base Since Construction Began in 2011
Convenient Commute to DFW International Airport | Less than 10-Miles Away
High Growth Submarket with Growing Traffic Count | North Collins Street Sees Over 21,000 VPD
Located in Synergistic Medical Strip | Easier to Replace Tenant
Lower Rent Per Square Foot Compared to Medical Properties in Immediate Vicinity
Current Tenant On Gross Lease | Comparable Properties All On NNN Lease Structure Creating Potential for Significant Upside
Population Surge of 16% Annually since 2010 in a 1-Mile Radius of Property
The Viridian Development has Added $1.9 Billion to in Value to Arlington’s Property Tax Base Since Construction Began in 2011
Convenient Commute to DFW International Airport | Less than 10-Miles Away
High Growth Submarket with Growing Traffic Count | North Collins Street Sees Over 21,000 VPD
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
3,800 SF
Building Class
B
Year Built
2018
Price
$1,430,000
Price Per SF
$376
Cap Rate
6%
NOI
$85,800
Tenancy
Single
Building Height
1 Story
Typical Floor Size
3,800 SF
Building FAR
0.17
Lot Size
0.51 AC
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PROPERTY TAXES
| Parcel Number | 42290480 | Improvements Assessment | $1,116,353 |
| Land Assessment | $179,467 | Total Assessment | $1,295,820 |
PROPERTY TAXES
Parcel Number
42290480
Land Assessment
$179,467
Improvements Assessment
$1,116,353
Total Assessment
$1,295,820
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MyEyeDr | 4110 N Collins St
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