avalon medical park - visioncre.com · 805 hill lvd, granbury medical park investment opportunity...

The data contained herein was obtained from sources deemed to be reliable, but in no way warranted by Vision Commercial Real Estate, LLC. The property is offered subject to errors, omissions, change in price and or

terms, or removal from the market without notice.

SALE PRICE

NET OPERATING INCOME

PROPERTY AREA

20,486 SF on 1.5 acres

INV

ESTM

ENT Avalon Medical Park

805 Hill Blvd | Granbury, TX 76048

Molly MacEwan | 817-803-3287 | 254-760-0684 | [email protected] | VisionCommercial.com

Contact Broker

Beautiful medical/office building built in 2005 on 1.5 acres sitting next to Lake

Granbury

Value-add asset at 86% occupied

Current tenants include: Avalon Urgent Care, Lake Granbury Imaging Center, Quest

Diagnostics , and more

Located just off E Hwy 377, Granbury’s main thoroughfare

$454,641.99

805 Hill Blvd, Granbury Medical Park Investment Opportunity


N

S

E W



DEMOGRAPHICS* 1 MILE 2 MILE 3 MILE 5 MILE

Population 3,060 11,175 19,235 36,006

Employees 4,456 9,552 11,799 14,669

Average HH Income $88,796 $81,525 $82,187 $79,654

2017-2022 Annual Rate 2.08% 2.72% 2.84% 2.88%

Traffic Count 40,340 VPD at E Hwy 377 *STDBonline.com 2017

Property Information

Price $5,683,024.88

Price Per Square Foot (GLA) $277.41

Net Operating Income

(1/1/2017-12/31/2017) $454,641.99

Cap Rate Current 8%

Total Suites 8

Tenants 6

Occupancy 86%

Vacancy 14%

Gross Leasable Area 20,486

Lot Size (acres) 1.5

Year Built 2005

Vision Commercial is pleased to present the opportunity to acquire

an 86% occupied Medical Office Park in Granbury, Texas. The

20,486 square foot office building sits on 1.5 acres with Lake

Granbury flowing behind it. Currently occupied by six medical

tenants, the property has a value-add opportunity with 2,800

square feet available to lease. The property is approximately 45

minutes southwest of Fort Worth, with easy access to the Hwy 377

thoroughfare that connects Fort Worth to the growing Southwest

region.



Named by Southern Living magazine as one of America’s best small town getaways,

Granbury is much more than a sleepy Texas town. As the county seat of Hood County,

Granbury sits in North Central Texas, west of Fort Worth, and is served by U.S Highway 377,

State Highway 144, State FM 51, and State FM 4. The city limits hold 9,052 people, but due

to explosive population growth in the area, the city’s expansive trade area serves more

than 100,000 consumers.

Granbury is attracting regional and national businesses due to a strong economy and

desirable lifestyle amenities. It’s economic base is generated through airplane parts, small

engine suppliers, light industry, natural gas industry suppliers, tourism, and specialty ropes

for the equine sports industry.

Lake Granbury Medical Center boasts national accreditations as a Chest Pain Center

and Sleep Disorders Center. The hospital is accredited by The Joint Commission, has a 24-

hour emergency department, certified Level IV trauma center and air ambulance base.

One of the hospital’s outpatient Diagnostic Imaging centers is located at 805 Hill Blvd.

Information comes the Granbury Chamber of Commerce. Click HERE to learn more.

2016 Tax Rates:

Hood County: 0.42223

City of Granbury: 0.397584

Granbury ISD: 1.25

GRANBURY OVERVIEW

2004-2014

Per Capita Income Growth: 53%

Population Growth: 8.3%

Accolades:

-Recognized by Standard & Poor’s

for it’s “very strong” economy

-Ranked 36th nationally in families

with at least $1 million of

investable assets

-Ranked 257th nationally in

personal finance strength

-Named one of eight “Tax-Friendly

Cities” for retirees by Where to

Retire

http://cdn.coverstand.com/30757/382980/563e67722eb978a5b25d79a3da1996d239bafc4a.26.pdf



Suite Tennant Space Description

101 Lake Granbury Medical Center 4,351 Diagnostic Imaging Center

102 Avalon Urgent Care 3,214 Urgent Care Clinic

103 Granbury Family Medclinic P.A. 3,320 Family Medicine

104 Dr. C. Brooks Smith 3,031 Internist

105 Quest Diagnostics Clinical

Laboratories, Inc 1,270

International Diagnostic Laboratory

109 Select Physical Therapy Holdings 2,500 Baylor Institute for Rehabilitation

- Outpatient Services

AVAILABLE

106 1,400

107 1,400

Tenant Roster



Rent Roll - 2018 Projected

Suite Space Lease Start

Date Lease End

Date Size Rent Rent PSF Total Exp

Paid NNN/Mo Rent Monthly Rent/Year Gross PSF Total Rent

Security Deposit

101 Lake Granbury Medical

Center 5/1/2012 8/31/2020 4,351 $9,847.94 $27.16 $6.30 $2,284.28 $12,132.22 118,175.28 $33.46 $145,586.58 $9,847.94

102 Avalon Urgent Care 9/1/2015 8/31/2020 3,214 $7,200.00 $26.88 $6.30 $1,687.35 $8,887.35 86,400.00 $33.18 $106,648.20 $6,547.04

103 Granbury Family 9/1/2015 8/31/2020 3,320 $7,438.00 $26.88 $6.30 $1,743.00 $9,181.00 89,256.00 $33.18 $110,172.00 $5,887.04

104 Dr. C. Brooks Smith 9/1/2015 8/31/2020 3,031 $6,790.00 $26.88 $6.30 $1,591.28 $8,381.28 81,480.00 $33.18 $100,575.30 $6,174.26

108 Quest Diagnostics

Clinical Laboratories, Inc. 12/1/2014 11/30/2017 1,270 $3,270.15 $30.90 $6.30 $666.75 $3,936.90 39,241.80 $37.20 $47,242.80 $0.00

109 Select Physical Therapy

Holdings 12/1/2014 11/30/2019 2,500 $5,642.09 $27.08 $6.30 $1,312.50 $6,954.59 67,705.08 $33.38 $83,455.08 $4,583.33

106 Vacant 1,400 $0.00 $0.00 $0.00 $0.00 $0.00

107 Vacant 1,400 $0.00 $0.00 $0.00 $0.00 $0.00

Total Vacant 2,800 86% 2018 Gross Income: $597,411.22

Total Occupied 17,686 14%

Rentable GLA 20,486 100%

To be released with signed confidentiality agreement

Information About Brokerage Services

Texas law requires all real estate license holders to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords.

TYPES OF REAL ESTATE LICENSE HOLDERS: A BROKER is responsible for all brokerage activities, including acts performed by sales agents sponsored by the broker. A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker.

A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents): Put the interests of the client above all others, including the broker’s own interests; Inform the client of any material information about the property or transaction received by the broker; Answer the client’s questions and present any offer to or counter-offer from the client; and Treat all parties to a real estate transaction honestly and fairly.

A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION: AS AGENT FOR OWNER (SELLER/LANDLORD): The broker becomes the property owner's agent through an agreement with the owner, usually in a written listing to sell or property management agreement. An owner's agent must perform the broker’s minimum duties above and must inform the owner of any material information about the property or transaction known by the agent, including information disclosed to the agent or subagent by the buyer or buyer’s agent.

AS AGENT FOR BUYER/TENANT: The broker becomes the buyer/tenant's agent by agreeing to represent the buyer, usually through a written representation agreement. A buyer's agent must perform the broker’s minimum duties above and must inform the buyer of any material information about the property or transaction known by the agent, including information disclosed to the agent by the seller or seller’s agent.

AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the parties the broker must first obtain the written agreement of each party to the transaction. The written agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker's obligations as an intermediary. A broker who acts as an intermediary:

Must treat all parties to the transaction impartially and fairly; May, with the parties' written consent, appoint a different license holder associated with the broker to each party (owner and buyer) to communicate with, provide opinions and

advice to, and carry out the instructions of each party to the transaction. Must not, unless specifically authorized in writing to do so by the party, disclose:

▪ that the owner will accept a price less than the written asking price; ▪ that the buyer/tenant will pay a price greater than the price submitted in a written offer; and ▪ any confidential information or any other information that a party specifically instructs the broker in writing not to disclose, unless required to do so by law.

AS SUBAGENT: A license holder acts as a subagent when aiding a buyer in a transaction without an agreement to represent the buyer. A subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first.

TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH: The broker’s duties and responsibilities to you, and your obligations under the representation agreement. Who will pay the broker for services provided to you, when payment will be made and how the payment will be calculated.

LICENSE HOLDER CONTACT INFORMATION: This notice is being provided for information purposes. It does not create an obligation for you to use the broker’s services. Please acknowledge receipt of this notice below and retain a copy for your records.

Vision Commercial RE DFW LLC 9006752 [email protected] 817-803-3287 Broker Firm Name License No. Email Phone

Roger Smeltzer, Jr. 560209 [email protected] 817-803-3287 Designated Broker of Firm License No. Email Phone

Regulated by the Texas Real Estate Commission Information available at www.trec.texas.gov


avalon medical park - visioncre.com · 805 hill lvd, granbury medical park investment opportunity...

Documents