1220 N Kimball Ave, Unit 120

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.