1220 N Kimball Ave, Unit 120

Investment Overview

Investment Opportunity

Located in the highly desirable Southlake submarket, 1220 N Kimball Ave, Unit 120 offers investors a compelling opportunity to acquire a modern, single-tenant medical property backed by a passive NNN lease structure. The ±2,825 SF facility was built in 2022 and is leased to a national physical therapy operator with more than 200 locations across multiple states.

The property generates approximately $113,884 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 while supporting long-term value appreciation.

With no landlord responsibilities, a strong national credit tenant, modern construction, and minimal anticipated capital expenditures, the property is well suited for 1031 exchange buyers and long-term hold investors seeking stable, growing income. Its Southlake location also provides excellent access to State Highway 114 and surrounding professional and medical corridors, supported by strong area demographics and continued demand for quality commercial space.

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 $113,884 NOI
• Built-In Growth – 3% annual rent increases provide steady NOI growth and enhance exit value
• National Credit Tenant – Physical Therapy, operating in multiple states with over 200 locations.
• Modern Construction – ±2,825 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