HIGHLIGHTED OFFERINGS
Below are some of our featured properties. Some of our investment opportunities are off-market. Please Contact Us with your acquisition criteria so that we can present attractive opportunities and notify you of new offerings as they become available.
The Ranch at Las ColinasAddress: 907 West John Carpenter Freeway
Sales Price:
Tenant: Lease
Description:
Approximately 15,312 SF (100% leased to a single tenant). Outstanding location in a high-growth, affluent Urban Infill area—Heart of Las Colinas. 8 Fortune 500 companies have global headquarters in Irving and 53 Fortune 500 companies have offices in the city. Approximately 3 miles east of Dallas- Fort Worth International Airport - the 4th busiest airport in the U.S. Profitable and well known restaurant with growing sales revenue. Guarantee from Front Burner Restaurants, LP. Excellent quality construction - YOC 200.
15-Year original lease term with approx. , 9 Years remaining. 10% increase in July 2027. One, 10-Year, and one, 5-year renewal option; 10% increases each 5 years.
4141 Office Parkway, Dallas, TexasAddress: 4141 Office Parkway, Dallas, Texas
Sales Price:
Tenant: Lease
Description:
4141 Office Parkway is located along Office Parkway, a quiet col-du-sac street, just east of the intersection of Haskell and US-75 (N. Central Expressway) in Dallas. The building is across from nearby Uptown and West Village. The surrounding area includes, Whataburger, Target, Ross, LA Fitness, Kroger, Bank of America, and is just south of the proposed Trammell Crow development.
Amenities: Executive Suites available, state-of-the-art security and camera system, conference room, access to color copier/scanner, Wi-Fi. Ample parking.
SAMPLE TRANSACTIONS
While we specialize in triple net leased investments, National Realty Partners has expertise in all types commercial real estate. We can be of assistance in acquisitions, dispositions, sale-leasebacks, asset management/leasing and renovations.
Below is a recap of some sample transactions handled by National Realty Partners.
907 W John Carpenter Frwy, Irving, Texas
Sale/Leaseback By National Realty Partners
- 15,312 SF restaurant facility
- Retail building
National Realty Partners - The Ranch 907 W John Carpenter Frwy, Irving, Texas
6611 Hillcrest Ave, University Park, Dallas, Texas
Leased and Sold By National Realty Partners
- 1,625 FQ
- Retail building
National Realty Partners - 6611 Hillcrest Ave Dallas Texas
2700 Fairmount St, & 2518 Mahon St, Dallas, Texas
SOLD By National Realty Partners
- Church facility aquired for conversion to upscale dayschool
- 20,340 SF former church/creative office building and an associated parking lot
National Realty Partners Former Church – 2700 Fairmont, Dallas, Texas
8049 Preston Road, Frisco, Texas
SOLD By National Realty Partners
- New Construction
- 10,370 SF Retail Center
National Realty Partners Preston Hickory Crossing – 8049 Preston Road, Frisco, Texas
4235 Preston Road, Frisco, Texas
SOLD By National Realty Partners
- 2018 Construction
- 7,956 SF Retail Center
National Realty Partners Stamped Crossing – 4235 Preston Road, Frisco, Texas
7610 Greenville Avenue, Dallas, Texas 75231
SOLD By National Realty Partners
- Located on Greenville Avenue a short distance east of US 75 near medical use and single and multi-family residential development.
- Directly across from Royal Oaks Country Club in a prime in-fill area of Dallas. Approximate 17,385 SF retail center.
- Single tenant NNN property
Property listing - National Realty Partners - 7610 Greenville Avenue, Dallas, Texas
3217 N. Main Street, Fort Worth, Texas
SOLD By National Realty Partners
SOLD By National Realty Partners
- Brand New 2016 Construction
- Situated near the signalized, hard corner intersection of N. Main St. and Long Ave. with 38,800 combined vehicles per day
- Excellent visibility, access, and frontage
- Prominent pylon sign further increases visibility for the property
- Tenant recently signed a 5-year lease
- 10% rental increase in year 4
- Tenant pays for CAM, insurance and taxes
- Landlord is responsible for repairs and maint (year 1 only), roof, structure, foundation, and plumbing (excluding tenant-caused plumbing issues)
Property listing - National Realty Partners - Cricket, Main St. Fort Worth, Texas
CareNow, 5644 Preston Rd, Frisco, Texas
SOLD By National Realty Partners Approximately 4,983 SF NNN Medical 100% leased
15-Year original lease term. There are now approx. 7.25 Years remaining in the primary term, plus Two (2), Five (5) Year Renewal options each with an 8% rate increase. Outstanding location in a high-growth, affluent area. Profitable Urgent Care Provider with 23 facilities throughout the DFW Metroplex.
SOLD By National Realty Partners Approximately 4,983 SF NNN Medical 100% leased
15-Year original lease term. There are now approx. 7.25 Years remaining in the primary term, plus Two (2), Five (5) Year Renewal options each with an 8% rate increase. Outstanding location in a high-growth, affluent area. Profitable Urgent Care Provider with 23 facilities throughout the DFW Metroplex.
Property listing - National Realty Partners - CareNow, Frisco, Texas
3607-3613 Greenville Ave, Dallas, Texas
SOLD By National Realty Partners Approximately 7,028 SF retail center.
This upscale retail property is located on Greenville Avenue directly across from Snuffers and the iconic Granada theater. The strip center is surrounded by young, affluent neighborhoods, including the popular “M Streets.” The shopping center has great visibility along Greenville Avenue.
Nearby retailers: Gloria's, The Blue Fish, 7-Eleven, Snuffer's, Granada Theater and Aw Shucks.
SOLD By National Realty Partners Approximately 7,028 SF retail center.
This upscale retail property is located on Greenville Avenue directly across from Snuffers and the iconic Granada theater. The strip center is surrounded by young, affluent neighborhoods, including the popular “M Streets.” The shopping center has great visibility along Greenville Avenue.
Nearby retailers: Gloria's, The Blue Fish, 7-Eleven, Snuffer's, Granada Theater and Aw Shucks.
Property listing - National Realty Partners - Dragna Retail Center, Dallas, Texas
4141 Office Parkway – Dallas, Texas
Approximately 9,500 SF multi-tenant office with two recording studios - SOLD 4141 Office Parkway is located along Office Parkway, a quiet cul-du-sac street, just east of the intersection of Haskell and US-75 (N. Central Expressway) in Dallas.
The building is across from nearby Uptown and West Village. The surrounding area includes Whataburger, Target, Ross, LA Fitness, Kroger, Bank of America, and is just south of the proposed Trammell Crow development.
Amenities: Executive Suites available, state-of-the-art security and camera system, conference room, access to color copier/scanner, Wi-Fi. Ample parking.
Approximately 9,500 SF multi-tenant office with two recording studios - SOLD 4141 Office Parkway is located along Office Parkway, a quiet cul-du-sac street, just east of the intersection of Haskell and US-75 (N. Central Expressway) in Dallas.
The building is across from nearby Uptown and West Village. The surrounding area includes Whataburger, Target, Ross, LA Fitness, Kroger, Bank of America, and is just south of the proposed Trammell Crow development.
Amenities: Executive Suites available, state-of-the-art security and camera system, conference room, access to color copier/scanner, Wi-Fi. Ample parking.
National Realty Partners - 4141 Office Parkway – Dallas, Texas
Diamond Ridge Apartments – North Richland Hills, Texas
(Sold as part of an IRC 1031 Exchange)
(Sold as part of an IRC 1031 Exchange)
National Realty Partners - Diamond Ridge Apartments – North Richland Hills, Texas
Blockbuster Video - Lewisville, Texas
HIGHLIGHTS: - National Credit Tenant with $4 Billion in Revenue
- Triple Net Lease - Tenant Handles Maintenance
- Freestanding Masonry/Glass Building In Excellent Condition
- Long Lease Term - Tenant Has Occupied Building Since 1989
- Hot Market - Northern Suburb of Dallas, Texas
- Good Yield, Plus Upside Potential
Freestanding 6,400 SF, masonry retail building constructed in 1989 as a build-to-suit development for Blockbuster. Inc. Concrete paving. Site is 32,843 SF.
Tenant is responsible for all operating expenses (taxes, ins., util., structural & non-structural maint.), except that landlord must bear the cost of any structural (or utility line) repair that exceeds $25,000. Blockbuster, Inc. (NYSE: BBI) is the world's leading provider of videos, DVDs and video games, with worldwide revenues over $4 billion. Blockbuster operates approxiamtely 9,000 company-operated and franchised stores in the U.S. and 28 countries.
Excellent location in Lewisville, Texas, a fast-growing northern suburb of Dallas characterized by upscale retail, office and restaurant development. The property is situated along the south side of W. Main Street (FM-1171) west of Intertate Highway 35. A McDonald's restaurant is at the southeast corner of Garden Ridge Avenue and FM-1171. Blockbuster adjoins the McDonald's site (to the west) and a freestanding Boston Market restaurant to the east. Blockbuster Video has occupied the building since 1989.
HIGHLIGHTS: - National Credit Tenant with $4 Billion in Revenue
- Triple Net Lease - Tenant Handles Maintenance
- Freestanding Masonry/Glass Building In Excellent Condition
- Long Lease Term - Tenant Has Occupied Building Since 1989
- Hot Market - Northern Suburb of Dallas, Texas
- Good Yield, Plus Upside Potential
Freestanding 6,400 SF, masonry retail building constructed in 1989 as a build-to-suit development for Blockbuster. Inc. Concrete paving. Site is 32,843 SF.
Tenant is responsible for all operating expenses (taxes, ins., util., structural & non-structural maint.), except that landlord must bear the cost of any structural (or utility line) repair that exceeds $25,000. Blockbuster, Inc. (NYSE: BBI) is the world's leading provider of videos, DVDs and video games, with worldwide revenues over $4 billion. Blockbuster operates approxiamtely 9,000 company-operated and franchised stores in the U.S. and 28 countries.
Excellent location in Lewisville, Texas, a fast-growing northern suburb of Dallas characterized by upscale retail, office and restaurant development. The property is situated along the south side of W. Main Street (FM-1171) west of Intertate Highway 35. A McDonald's restaurant is at the southeast corner of Garden Ridge Avenue and FM-1171. Blockbuster adjoins the McDonald's site (to the west) and a freestanding Boston Market restaurant to the east. Blockbuster Video has occupied the building since 1989.
National Realty Partners - Blockbuster Video - Lewisville, Texas
Dollar General - Dimmitt, Texas
Dollar General is a Fortune 500 company currently operating more than 6,580 stores in 27 states. The company is headquartered in Goodlettsville, Tennessee, with distribution centers in Scottsville, Kentucky; Ardmore, Oklahoma; South Boston, Virginia; Indianola, Mississippi; Fulton, Missouri; Alachua, Florida; and Ohio.
Dollar General employs more than 50,000 people. The average Dollar General store has approximately 6 to 10 employees, including the store manager. Dollar General stores are primarily located in communities of less than 25,000 people or in selected locations within larger metropolitan areas. Dollar General sells "consumable" basic goods - items that are frequently used and replenished by their customers. These include paper products, cleaning supplies, health and beauty aids, foods/snacks, housewares, toys and basic apparel. The stores also offer a variety of seasonal items.
This approx. 15,000 SF, brick building has been occupied by DG since 1998.
112 South Broadway in Dimmitt, Texas. Dimmitt is the county seat of Castro County and is located 67 miles southwest of Amarillo,. The 2000 population was reported at 4,375. The specific location of this property is excellent as it is across from the County Courthouse and adjacent to plenty of municipal parking. Another retail building adjoins the Dollar General building on one side.
Dollar General is a Fortune 500 company currently operating more than 6,580 stores in 27 states. The company is headquartered in Goodlettsville, Tennessee, with distribution centers in Scottsville, Kentucky; Ardmore, Oklahoma; South Boston, Virginia; Indianola, Mississippi; Fulton, Missouri; Alachua, Florida; and Ohio.
Dollar General employs more than 50,000 people. The average Dollar General store has approximately 6 to 10 employees, including the store manager. Dollar General stores are primarily located in communities of less than 25,000 people or in selected locations within larger metropolitan areas. Dollar General sells "consumable" basic goods - items that are frequently used and replenished by their customers. These include paper products, cleaning supplies, health and beauty aids, foods/snacks, housewares, toys and basic apparel. The stores also offer a variety of seasonal items.
This approx. 15,000 SF, brick building has been occupied by DG since 1998.
112 South Broadway in Dimmitt, Texas. Dimmitt is the county seat of Castro County and is located 67 miles southwest of Amarillo,. The 2000 population was reported at 4,375. The specific location of this property is excellent as it is across from the County Courthouse and adjacent to plenty of municipal parking. Another retail building adjoins the Dollar General building on one side.
National Realty Partners - Dollar General - Dimmitt, Texas
CareNow - Grapevine, Texas
HIGHLIGHTS:
- 15-year, NNN Lease
- Completed in 1999, Excellent Condition
- 100% Occupied, No management!
- Great Location in Fast-Growing Area of Dallas - Highway Exposure
- Extrememly High Level of Interior Medical Finish
- Retail/Medical - Adjacent to major new retail development
Previously a 2-tenant retail/medical development with the lead tenant in the process of expanding to occupy the entire property. CareNow operates 18 medical centers in the Dallas/Fort Worth area and has taken care of families in the DFW area for 11 years, serving over 2 million patients since 1993. Effective 1/1/2008 CareNow occupies the entire building on a triple net (NNN) basis through 3/31/2022. There is an 8% rental escalation on 4/1/2012 and then 8% on 4/1/2017. The average rent over the next 10-year period is $246,285 per annum, NNN, which reflects a 7.07% OAR after recognizing a $0.10/SF structural reserve allowance.
Rent schedule is as follows:
- $235,453.92 per annum from 1/1/2008 through 3/31/2012
- $254,290.23 per annum from 4/1/2012 through 3/31/2017
- $274,633.45 per annum from 4/1/2017 through 3/31/2022.
The property is of very high-quality masonry and glass construction. Completed in 1999. The CareNow space resembles a hospital with an emergency room area, laboratory, x-ray facilities, reception area, and multiple examination rooms.
Landlord is only responsible for roof and structure.
Outstanding location in the heart of the Dallas/Fort Worth Metroplex, in the city of Grapevine. The building benefits from excellent visibility from SH-121 and is situated on a corner pad site in front of a neighborhood retail development anchored by Hobby Lobby. Adjacent pad sites are occupied by national credit tenants, such as Taco Bueno and McDonald's. Top quality retail and commercial development is throughout the immediate vicinity, including a new Lowe's store under construction. A vineyard/winery (Delaney Vineyards) is situated immediately north of the subject across Champagne Boulevard.
HIGHLIGHTS:
- 15-year, NNN Lease
- Completed in 1999, Excellent Condition
- 100% Occupied, No management!
- Great Location in Fast-Growing Area of Dallas - Highway Exposure
- Extrememly High Level of Interior Medical Finish
- Retail/Medical - Adjacent to major new retail development
Previously a 2-tenant retail/medical development with the lead tenant in the process of expanding to occupy the entire property. CareNow operates 18 medical centers in the Dallas/Fort Worth area and has taken care of families in the DFW area for 11 years, serving over 2 million patients since 1993. Effective 1/1/2008 CareNow occupies the entire building on a triple net (NNN) basis through 3/31/2022. There is an 8% rental escalation on 4/1/2012 and then 8% on 4/1/2017. The average rent over the next 10-year period is $246,285 per annum, NNN, which reflects a 7.07% OAR after recognizing a $0.10/SF structural reserve allowance.
Rent schedule is as follows:
- $235,453.92 per annum from 1/1/2008 through 3/31/2012
- $254,290.23 per annum from 4/1/2012 through 3/31/2017
- $274,633.45 per annum from 4/1/2017 through 3/31/2022.
The property is of very high-quality masonry and glass construction. Completed in 1999. The CareNow space resembles a hospital with an emergency room area, laboratory, x-ray facilities, reception area, and multiple examination rooms.
Landlord is only responsible for roof and structure.
Outstanding location in the heart of the Dallas/Fort Worth Metroplex, in the city of Grapevine. The building benefits from excellent visibility from SH-121 and is situated on a corner pad site in front of a neighborhood retail development anchored by Hobby Lobby. Adjacent pad sites are occupied by national credit tenants, such as Taco Bueno and McDonald's. Top quality retail and commercial development is throughout the immediate vicinity, including a new Lowe's store under construction. A vineyard/winery (Delaney Vineyards) is situated immediately north of the subject across Champagne Boulevard.
National Realty Partners - CareNow - Grapevine, Texas
Warehouse/Showroom – Dallas, Texas
NNN Leased - Sale/leaseback Single tenant office
HIGHLIGHTS
- Easy Access to Local Highway System
- Training Room/Conference Room/Workroom
- 3 DH, 2 GL Doors - Vehicle Wash Bay with Floor Drain / Rear Outside Storage
- HEAVY POWER - 2,000 AMPS, 120/240 3-Phase with High Leg
- Significant amount of nice office space (approx. 35%) including executive offices
HEAVY POWER - 2,000 AMPS, 120/240 3-phase with high leg. Single story, masonry structure with stone accents on front. Recent renovations. 3 dock high doors and 2 grade-level doors. Vehicle wash bay with floor drain. Very nice offices (approx. 6,150 SF, or 35%) including conference room, kitchen/break areas, classroom/training space. Fenced storage yard.
Southwest corner of Nagle Street and Overlake Drive. Denton Drive is in the process of being widened in connection with the installation of nearby DART rail line. Major DART rail service center under construction at the NEQ of Denton Drive and Lombardy Lane. Convenient access to all of DFW and the Interstate Highway system.
NNN Leased - Sale/leaseback Single tenant office
HIGHLIGHTS
- Easy Access to Local Highway System
- Training Room/Conference Room/Workroom
- 3 DH, 2 GL Doors - Vehicle Wash Bay with Floor Drain / Rear Outside Storage
- HEAVY POWER - 2,000 AMPS, 120/240 3-Phase with High Leg
- Significant amount of nice office space (approx. 35%) including executive offices
HEAVY POWER - 2,000 AMPS, 120/240 3-phase with high leg. Single story, masonry structure with stone accents on front. Recent renovations. 3 dock high doors and 2 grade-level doors. Vehicle wash bay with floor drain. Very nice offices (approx. 6,150 SF, or 35%) including conference room, kitchen/break areas, classroom/training space. Fenced storage yard.
Southwest corner of Nagle Street and Overlake Drive. Denton Drive is in the process of being widened in connection with the installation of nearby DART rail line. Major DART rail service center under construction at the NEQ of Denton Drive and Lombardy Lane. Convenient access to all of DFW and the Interstate Highway system.
National Realty Partners - Nagle Warehouse/Showroom – Dallas, Texas
Harmon Glass - North Richland Hills, Texas
HIGHLIGHTS
- National Credit Tenant with long history in building
- Triple Net Lease - Landlord only responsible for roof and structure
- Attractive renewal options with rental escalations
- 8.56% capitalization rate
- Steel frame and masonry building w/ concrete parking - limited maintenance
Since its beginnings in 1949 as a single auto glass shop in Minneapolis, Harmon AutoGlass has grown into a nationwide leader in automotive glass repair and replacement. Its employees' technical knowledge of auto glass and dedication to superior customer service is unsurpassed.
Harmon AutoGlass is a subsidiary of Apogee Enterprises, Inc., an $800 million corporation and the largest glass company in the United States. Headquartered in Minneapolis, Minnesota, Apogee's three divisions and nine operating companies manufacture, distribute and market glass for construction, home and automobile use.
Apogee Enterprises, Inc, whose stock is traded on NASDAQ under the symbol, APOG, employs over 6,700 people nationwide and is consistently named as one of the Best Companies in the U.S.
This freestanding 2,800 SF masonry building was built in 1991 and has been occupied by Harmon since that time. Landlord is only responsible for maintaining roof and structure under the lease agreement. Tenant now in its second option through 7/31/05. Current rent is $2,885.12/mo. ($12.36/SF). The next 3-year option is at $3,058.22/mo., followed by another 3-year option at $3,321.33/mo.
5649 Rufe Snow Drive, North Richland Hills, Tarrant County, Texas (Dallas/Fort Worth). Site is situated along the west side of Rufe Snow Dr. (currently being expanded) approximately one mile north of Northeast Loop 820. Rufe Snow is a primary north/south artery with a heavy concentration of retail, commercial, and restaurant development in this locale.
Building is between Kentucky Fried Chicken and Sonic Drive-in restaurants and is adaptable to alternative users. Steel framing w/ brick veneer. Approx. 800 SF office/waiting area, w/ approx. 2,000 SF service area. Concrete parking.
HIGHLIGHTS
- National Credit Tenant with long history in building
- Triple Net Lease - Landlord only responsible for roof and structure
- Attractive renewal options with rental escalations
- 8.56% capitalization rate
- Steel frame and masonry building w/ concrete parking - limited maintenance
Since its beginnings in 1949 as a single auto glass shop in Minneapolis, Harmon AutoGlass has grown into a nationwide leader in automotive glass repair and replacement. Its employees' technical knowledge of auto glass and dedication to superior customer service is unsurpassed.
Harmon AutoGlass is a subsidiary of Apogee Enterprises, Inc., an $800 million corporation and the largest glass company in the United States. Headquartered in Minneapolis, Minnesota, Apogee's three divisions and nine operating companies manufacture, distribute and market glass for construction, home and automobile use.
Apogee Enterprises, Inc, whose stock is traded on NASDAQ under the symbol, APOG, employs over 6,700 people nationwide and is consistently named as one of the Best Companies in the U.S.
This freestanding 2,800 SF masonry building was built in 1991 and has been occupied by Harmon since that time. Landlord is only responsible for maintaining roof and structure under the lease agreement. Tenant now in its second option through 7/31/05. Current rent is $2,885.12/mo. ($12.36/SF). The next 3-year option is at $3,058.22/mo., followed by another 3-year option at $3,321.33/mo.
5649 Rufe Snow Drive, North Richland Hills, Tarrant County, Texas (Dallas/Fort Worth). Site is situated along the west side of Rufe Snow Dr. (currently being expanded) approximately one mile north of Northeast Loop 820. Rufe Snow is a primary north/south artery with a heavy concentration of retail, commercial, and restaurant development in this locale.
Building is between Kentucky Fried Chicken and Sonic Drive-in restaurants and is adaptable to alternative users. Steel framing w/ brick veneer. Approx. 800 SF office/waiting area, w/ approx. 2,000 SF service area. Concrete parking.
National Realty Partners - Harmon Glass - North Richland Hills, Texas
Midpark Village Power Center - Midland, Texas
HIGHLIGHTS
- 1st Class Power Center Located in Oil Capital of Texas
- Adjacent to Best Buy, Barnes & Noble, Linens 'N Things
- Best Location in Midland, Texas
- NNN Leases to National Tenants - No Management Needed
- Upside Potential
- Approx. 8% Capitalization Rate
The subject property consists of 23,475 SF of space within a Power Center known as Midpark Village Shopping Center, located in Midland, Texas. The two tenant spaces are 100% leased on a triple net (NNN) basis to Brook Mays Music/Caldwell Music (13,200 SF) and Shoe Carnival (10,275 SF). Other tenant spaces in the development, which are not for sale, include Best Buy, Linens 'N Things, Cavender's Boots, International House of Pancakes (IHOP), Olive Garden restaurant and a newly-constructed credit union facility.
- Brook Mays/Caldwell Music - 13,200 SF
- Brook Mays operates 64 stores in the U.S.
- Shoe Carnival - 10,275 SF
- Shoe Carnival operates approx. 225 stores in 24 states.
- The subject adjoins Barnes & Noble Booksellers and Cavender's Boots.
This retail development is situated in the northern sector of Midland, Texas with excellent exposure to Loop 250 North. Since the discovery of oil in the Permian Basis in the 1920s, Midland has been at the center of oil production in the region. Named among the 150 best U.S. cities in which to live for the past 12 years, Midland's warm climate, friendly people, and central location are the primary reasons for the city's popularity. Midland is located midway between Dallas/Fort Worth and El Paso on Interstate 20. Odessa, Texas is situated 20 minutes to the west, with a population of about 100,000. With Midland's population nearing the 100,000 mark, nearly a quarter of a million people reside in the Midland/Odessa metropolitan area. The population is well educated with 80% of Midland residents having completed high school, 6% having completed an associates degree, 18% with a bachelors degree and 6% with a graduate or professional degree. The unemployment rate is well below that of the State of Texas and the overall United States.
Midpark Village is on the primary Loop surrounding Midland, Texas.
HIGHLIGHTS
- 1st Class Power Center Located in Oil Capital of Texas
- Adjacent to Best Buy, Barnes & Noble, Linens 'N Things
- Best Location in Midland, Texas
- NNN Leases to National Tenants - No Management Needed
- Upside Potential
- Approx. 8% Capitalization Rate
The subject property consists of 23,475 SF of space within a Power Center known as Midpark Village Shopping Center, located in Midland, Texas. The two tenant spaces are 100% leased on a triple net (NNN) basis to Brook Mays Music/Caldwell Music (13,200 SF) and Shoe Carnival (10,275 SF). Other tenant spaces in the development, which are not for sale, include Best Buy, Linens 'N Things, Cavender's Boots, International House of Pancakes (IHOP), Olive Garden restaurant and a newly-constructed credit union facility.
- Brook Mays/Caldwell Music - 13,200 SF
- Brook Mays operates 64 stores in the U.S.
- Shoe Carnival - 10,275 SF
- Shoe Carnival operates approx. 225 stores in 24 states.
- The subject adjoins Barnes & Noble Booksellers and Cavender's Boots.
This retail development is situated in the northern sector of Midland, Texas with excellent exposure to Loop 250 North. Since the discovery of oil in the Permian Basis in the 1920s, Midland has been at the center of oil production in the region. Named among the 150 best U.S. cities in which to live for the past 12 years, Midland's warm climate, friendly people, and central location are the primary reasons for the city's popularity. Midland is located midway between Dallas/Fort Worth and El Paso on Interstate 20. Odessa, Texas is situated 20 minutes to the west, with a population of about 100,000. With Midland's population nearing the 100,000 mark, nearly a quarter of a million people reside in the Midland/Odessa metropolitan area. The population is well educated with 80% of Midland residents having completed high school, 6% having completed an associates degree, 18% with a bachelors degree and 6% with a graduate or professional degree. The unemployment rate is well below that of the State of Texas and the overall United States.
Midpark Village is on the primary Loop surrounding Midland, Texas.
National Realty Partners - Midpark Village - Midland Texas
CareNow - Garland, Texas
Single-tenant retail/medical building leased on a NNN basis with landlord responsible only for roof and structure. This was a 2002 build-to-suit for CareNow which operates 23 locations in the Dallas/Fort Worth metroplex. There are 4.25 years remaining on an original 15-year lease, plus 2, 5-year renewal options. This is a very successful location for the tenant.
First class construction of extreme high quality. There are 12 exam rooms, triage/emergency room, x-ray center with lead-lined walls, office and administrative areas, waiting room/reception area.
Monthly rent is $20,600.39, or $247,205 per annum. Tenant pays property taxes and insurance directly. The operating data below reflects a $0.15/SF provision for structural reserves (optional) and $1,200 for asset management.
Southeast quadrant of SH-190/North George Bush Freeway and Shiloh Road in Garland (suburb of Dallas), Texas. The site benefits from excellent exposure and accessibility and is adjacent to McDonalds and a neighborhood retail center anchored by Kroger grocery store.
National Realty Partners - CareNow - Garland, Texas
Columbia Plaza – Dallas, Texas
NNN Leased - Multi-tenant
Highlights:
- 100% Occupied
- NNN Leased
- Completed in 1989 - excellent condition
- Long-term leases
- Excellent location
- Stable tenants
15,890 SF retail center located in Dallas, Texas. 100% leased to four tenants. The development was completed in 1998 and caters to the local Hispanic market. The two lead tenants (restaurant and upscale billiards parlor with multiple locations in Dallas) are highly successful and willing to execute new, 5-year leases commencing on the date of sale. La Michoacana is a grocer that has numerous locations throughout Texas.
The property is within a densely developed area in the eastern sector of Dallas. Columbia Avenue is a primary northeast/southwest roadway. The majority of improvements in the area are single and multi-family residential. Retail, personal service and limited office uses are interspersed along Columbia Avenue in the vicinity of Columbia Plaza.
NNN Leased - Multi-tenant
Highlights:
- 100% Occupied
- NNN Leased
- Completed in 1989 - excellent condition
- Long-term leases
- Excellent location
- Stable tenants
15,890 SF retail center located in Dallas, Texas. 100% leased to four tenants. The development was completed in 1998 and caters to the local Hispanic market. The two lead tenants (restaurant and upscale billiards parlor with multiple locations in Dallas) are highly successful and willing to execute new, 5-year leases commencing on the date of sale. La Michoacana is a grocer that has numerous locations throughout Texas.
The property is within a densely developed area in the eastern sector of Dallas. Columbia Avenue is a primary northeast/southwest roadway. The majority of improvements in the area are single and multi-family residential. Retail, personal service and limited office uses are interspersed along Columbia Avenue in the vicinity of Columbia Plaza.
National Realty Partners - Columbia Plaza – Dallas, Texas
Davita Dialysis – Denison, Texas
This medical office building is fully leased to DaVita on an ABSOLUTE NET basis with ZERO expenses to landlord.
Current rental rate approximates $17.04/SF. There are annual CPI rental escalations capped at 2% per annum. Lease commenced 5/1/1999 and the primary term extends through 4/30/2014. 2, 5-year renewal options with a very high likelihood of extension due to the significant investment in this facility by Tenant and its excellent location.
DaVita Inc., a FORTUNE 500(R) company, is a leading provider of kidney care in the United States, providing dialysis services and education for patients with chronic kidney failure and end stage renal disease.
Recognized as the only FORTUNE 500(R) company on WorldBlu's annual List of Most Democratic Workplaces(TM), DaVita manages more than 1,475 outpatient facilities and acute units in more than 700 hospitals located in 43 states and the District of Columbia, serving approximately 114,000 patients - nearly one-in-three of all dialysis patients in the United States.
Well located in medical district of Denison, Texas (north of Dallas).
As part of DaVita's commitment to building a healthy, caring community, DaVita develops, participates in and donates to numerous programs dedicated to transforming communities and creating positive, sustainable change for children, families and our environment.
This medical office building is fully leased to DaVita on an ABSOLUTE NET basis with ZERO expenses to landlord.
Current rental rate approximates $17.04/SF. There are annual CPI rental escalations capped at 2% per annum. Lease commenced 5/1/1999 and the primary term extends through 4/30/2014. 2, 5-year renewal options with a very high likelihood of extension due to the significant investment in this facility by Tenant and its excellent location.
DaVita Inc., a FORTUNE 500(R) company, is a leading provider of kidney care in the United States, providing dialysis services and education for patients with chronic kidney failure and end stage renal disease.
Recognized as the only FORTUNE 500(R) company on WorldBlu's annual List of Most Democratic Workplaces(TM), DaVita manages more than 1,475 outpatient facilities and acute units in more than 700 hospitals located in 43 states and the District of Columbia, serving approximately 114,000 patients - nearly one-in-three of all dialysis patients in the United States.
Well located in medical district of Denison, Texas (north of Dallas).
As part of DaVita's commitment to building a healthy, caring community, DaVita develops, participates in and donates to numerous programs dedicated to transforming communities and creating positive, sustainable change for children, families and our environment.
National Realty Partners - Davita Dialysis – Denison, Texas
Fresenius Dialysis – Temple, Texas
Absolute Net Leased
Fresenius Medical Care is a 6,000 SF single-tenant building located in Temple, Texas. The well maintained building is a few miles from Scott and White Hospital. Fresenius is also located in close vicinity to Temple Living Center Western Hills, an assisted living facility and nursing home for the area. Fresenius has a net worth in excess of $7.37 billion and currently holds a Standard & Poor's credit rating of BB/Positive. This sector of clinical real estate has remained strong throughout the volatility of the economy and the capital market with stabilized national credit leases.
Absolute Net Leased
Fresenius Medical Care is a 6,000 SF single-tenant building located in Temple, Texas. The well maintained building is a few miles from Scott and White Hospital. Fresenius is also located in close vicinity to Temple Living Center Western Hills, an assisted living facility and nursing home for the area. Fresenius has a net worth in excess of $7.37 billion and currently holds a Standard & Poor's credit rating of BB/Positive. This sector of clinical real estate has remained strong throughout the volatility of the economy and the capital market with stabilized national credit leases.
National Realty Partners - Fresenius Dialysis – Temple, Texas
CareNow Medical Facility - McKinney, Texas
(sold twice - have closed 14 CareNow sales) NNN Leased
HIGHLIGHTS
- Triple net leased investment with minimal landlord responsibility
- Outstanding location in a high-growth, affluent area
- Good quality masonry construction
- 15 year lease with over 11 years remaining
- 8% rental increase each 5 years (next increase June 2018)
- Profitable urgent care provider with 23 facilities in DFW
DESCRIPTION
Freestanding 5,575 SF medical facility completed 2008 and operated as CareNow. The primary lease term is 15 years with over 11 years remaining. Property is leased on a triple net basis with the landlord only responsible for roof and structural repairs. CareNow operates 23 locations throughout the Dallas/Ft. Worth metroplex. The site encompasses 1.217 acres.
Rent is as follows:
- 5/12/08 to 5/31/13 - $17,588/month - $211,056/year
- 6/1/13 to 5/31/18 - $18,995/month - $227,940/year
- 6/1/18 to 5/31/21 - $20,515/month - $246,180/year
Property is located in McKinney, Texas, which is a northern suburb of Dallas, Texas. The site benefits from excellent exposure to North Central Expressway (US 75).
(sold twice - have closed 14 CareNow sales) NNN Leased
HIGHLIGHTS
- Triple net leased investment with minimal landlord responsibility
- Outstanding location in a high-growth, affluent area
- Good quality masonry construction
- 15 year lease with over 11 years remaining
- 8% rental increase each 5 years (next increase June 2018)
- Profitable urgent care provider with 23 facilities in DFW
DESCRIPTION
Freestanding 5,575 SF medical facility completed 2008 and operated as CareNow. The primary lease term is 15 years with over 11 years remaining. Property is leased on a triple net basis with the landlord only responsible for roof and structural repairs. CareNow operates 23 locations throughout the Dallas/Ft. Worth metroplex. The site encompasses 1.217 acres.
Rent is as follows:
- 5/12/08 to 5/31/13 - $17,588/month - $211,056/year
- 6/1/13 to 5/31/18 - $18,995/month - $227,940/year
- 6/1/18 to 5/31/21 - $20,515/month - $246,180/year
Property is located in McKinney, Texas, which is a northern suburb of Dallas, Texas. The site benefits from excellent exposure to North Central Expressway (US 75).
National Realty Partners - CareNow Medical Facility - McKinney, Texas
King George Drive, Dallas, Texas
SOLD By National Realty Partners
SOLD By National Realty Partners
- 10,600 Square foot property
- flex building on 0.7879 acres (or 34,319 SF)
- Well located along King George Drive approximately five miles north of downtown Dalla
- Approximately 60% of high-end office space
- Warehouse area features 2, grade-level doors and a 14’ clear height
National Realty Partners - King George Drive, Dallas, Texas