Hampton Professional Building

Investment Overview

Hampton Professional Building is a two-story, 31,562 SF multi-tenant office and retail center on 2.38 acres fronting S. Hampton Rd, directly across from Dallas Executive Airport. It is 88.6% leased to 17 tenants on gross terms: 13 on lease and 4 month-to-month. Below-market rents and four vacant suites give a new owner room to raise income and reposition space toward medical and professional users as the RedBird healthcare district grows two miles south.

Investment Highlights

• Significant Rent & NNN Upside. Rents run 40%+ below market ($12.24 vs. $21.79/SF). Converting gross leases to NNN at today’s rents lifts NOI to about $342,000, a 10.9% return on price.
• Growing Medical Corridor. More than 230,000 SF of new healthcare space has been delivered or is under construction at RedBird, about 2 miles south, led by UT Southwestern, Parkland and Children’s Health.
• Children’s Health Specialty Center RedBird. The ~42,000 SF pediatric center broke ground in June 2026 and is slated to open in December 2027 with primary, urgent, behavioral and specialty care, including Andrews Institute orthopaedics and sports medicine.
• UT Southwestern Medical Center at RedBird. A two-story, 150,000 SF regional outpatient center (opened 2022) offering primary care, cardiology, cancer care, infusion therapy and advanced imaging.
• Parkland C.V. Roman Health Center. A ~40,000 SF, $10 million community health center at RedBird (2021), projected to handle 18,000 primary-care and 23,000 women’s-health visits a year.
• Directly Across from Dallas Executive Airport. A 1,040-acre, City-owned general aviation airport with ~600 developable acres. In 2026 the City approved an 87-room hotel there, its first nonaviation project in 30+ years.
• Priced Below the Submarket. $100/SF, about 47% below the $189/SF Southwest Dallas average.