1210 N Kimball Ave

Investment Overview

Located in the highly desirable Southlake submarket, 1210 N Kimball Ave presents an attractive opportunity to acquire a modern, single-tenant medical property featuring a passive NNN lease structure. The ±5,997 SF medical facility was constructed in 2022 and is leased to a hospital-affiliated orthopedic surgery group, providing an institutional-quality medical tenancy and strong covenant.

The property generates approximately $252,304 in annual NOI at a 6.00% cap rate, with approximately five years remaining on the primary lease term plus renewal options. 3% annual rent increases provide built-in income growth, supporting increasing NOI and enhancing long-term investment value.

With no landlord responsibilities, modern construction, and minimal anticipated capital expenditures, the property is well positioned for 1031 exchange buyers and long-term hold investors seeking stable, growing income. Its prime Southlake location offers excellent access to State Highway 114 and surrounding professional and medical corridors, with strong demographics and continued demand for quality medical real estate.

Investment Highlights

• Passive Single-Tenant NNN Structure – No landlord responsibilities, ideal for 1031 exchange or long-term hold investors
• Stable Income Stream – Approx. 5 years of primary lease term remaining with renewal options available
• Attractive Yield – 6.00% cap rate on $252,304 NOI
• Built-In Growth – 3% annual rent increases provide steady NOI growth and enhance exit value
• Institutional-Grade Tenancy – Hospital-affiliated orthopedic surgery group provides strong medical covenant
• Modern Construction – ±5,997 SF medical facility built in 2022 minimizes capital expenditures
• Prime Southlake Location – Located in one of DFW’s most desirable submarkets with strong demographics
• Excellent Connectivity – Quick access to State Highway 114 and surrounding professional corridors