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2271 FM 663Midlothian, TX 76065
Heartland Dental | Midlothian (DFW), TX
Asset ClassRetail
Deal Size$3.91 M
Absolute NNN | 10+ Years Remaining | $153,000+ AHHI & 3% Annual Pop Growth | DFW MSA
Overview
TSCG is pleased to offer a rare opportunity to own a brand-new Abs NNN Heartland Dental in Midlothian, Texas, one of the fastest-growing communities in the Dallas-Fort Worth MSA. The Property sits on an oversized two-acre parcel along FM 663 (30,000+ VPD), Midlothian's main retail corridor, directly across from the Kroger-anchored Midlothian Towne Crossing. With thousands of new homes planned nearby and average household incomes topping $153,000, this Property is perfectly positioned in the path of growth.
Investment Highlights
- 12-year absolute NNN lease with 10% rent bumps every 5 years during the term and option periods
- The nation’s largest dental support organization with over 1,900 locations
- Oversized 2.06-acre parcel with cross access to signalized intersection
- Direct frontage and visibility along FM 663 (30,121 VPD) with immediate access to Hwy 287 (58,006 VPD)
- Situated directly across from Midlothian Towne Crossing (5.4M visits): a 53-acre shopping center anchored by a 123,000 SF Kroger Marketplace, Ross, Petco, Ulta, Bealls and Cavender’s Boot City
- Additional area traffic drivers include proximity to the 2,100+ student Midlothian High School, Midlothian Sports Complex, the 46-bed Methodist Midlothian Medical Center, the future Texas Health Neighborhood Care & Wellness and Navarro College
- Midlothian is one of the fastest-growing communities in North Texas, with more than 7,000 single-family lots planned in the immediate area, including the adjacent 131-acre MidTowne master-planned community nearing build-out
- That residential growth is backed by a deep, established industrial base led by Gerdau Ameristeel, whose adjacent steel mill employs approximately 1,015 workers and stands as the area’s largest industrial employer
- Within a 1-mile radius, the population has grown 122% since 2010 and is expected to gow another 13% by 2031
- $153,000+ AHHI & $421,000+ median home value within 3 miles
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2271 FM 663Midlothian, TX 76065
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