3848 N Tarrant Parkway , #150

Description

PROFESSIONAL OFFICE OR MEDICAL CONDO in FAST GROWING N FORT WORTH - ALLIANCE AREA! Perfect for owner user or as a BITE-SIZE investment opportunity to purchase and lease out for passive income. Located on N Tarrant Parkway, a major east-west arterial connector in the North Fort Worth - Alliance corridor, this suite is ideally supported by strong demographics and traffic patterns. Plug-n-play suite was last utilized as a pharmacy; or use your imagination to establish your own business here as this community consists of professional service uses - general business office or uses in connection with the medical profession. For investors, asking lease rates are between $28 - $35 NNN in this development. Proforma cap rates estimated between 6.8% - 8.5% depending on future lease terms. The Association has insurance that covers the roof, exterior walls, and common areas. The Association will cover any maintenance issues on the outside of the building, exterior walls, common elements, roof. Owners are required to have their own insurance policy that covers the inside. The association pays for the water, sewer, landscaping, and waste removal. Owners pay for the electricity inside their units. The association covers exterior electricity. ***Equipment shown is negotiable to convey on separate Bill of Sale***