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Action Behavior Centers 710 S Highway 377

4,990 SF Office Building Roanoke, TX 76262 $2,884,000 ($578/SF) 6.40% Cap Rate

Investment Highlights

  • Corporate Single Tenant Net-Leased Action Behavior Centers in the Affluent Submarket of Roanoke, Texas (DFW)
  • Affluent Submarket with Average Household Income Exceeding $105,300; $186,100 within 1-Mile and 3-Mile Radii
  • Minutes from Texas Motor Speedway, a 1,500-Acre Superspeedway with Over 154,861 Seats that hosts Over 60 Events a Year
  • New Lease Through July 2034; 2% Annual Escalations & Two, 5-Year Renewal Options with 3% Annual Escalations
  • Neighboring Historic Downtown Roanoke aka “The Unique Dining Capital of Texas”

Executive Summary

Action Behavior Centers is a single-tenant net leased asset located in the affluent Dallas/Fort Worth submarket of Roanoke, Texas. The Property is approximately 30 minutes northwest of Downtown Dallas and 20 minutes north of Downtown Fort Worth. Action Behavior Centers corporate recently executed a new lease through July 2034. The lease features 2% annual escalations in the primary term and two, 5-year renewal options with built in 3% annual escalations. Action Behavior Centers is ranked among the top 30 ABA programs in the United Staes and has over 250 locations (clinic, home and school programs) with over 3,000 autism professionals. The Property benefits from partial masonry construction, Highly Visible Monument Sign Fronting Highway 377, multiple ingress/egress points of access and strategically designed at 4,990 square feet providing strong residual value.

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
4,990 SF
Building Class
B
Year Built
2021
Price
$2,884,000
Price Per SF
$578
Cap Rate
6.40%
NOI
$184,576
Tenancy
Single
Building Height
1 Story
Typical Floor Size
4,990 SF

Amenities

  • 24 Hour Access
  • Monument Signage
  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R958333
Land Assessment
$727,452
Improvements Assessment
$442,548
Total Assessment
$1,170,000
  • Listing ID: 33121237

  • Date on Market: 2/15/2024

  • Last Updated:

  • Address: 710 S Highway 377, Roanoke, TX 76262

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