The sale of an 8,042-square-foot medical office property located at 7748 Denton Highway in Watauga, Texas has been completed. The property is situated on a 1.01-acre lot in the Watauga market. The transaction was facilitated by Kyle Fant of SRS Real Estate Partners.

Summary of Transaction Details

• Property Type: Medical Office
• Transaction Amount: $7,440,000
• Square Footage: 8,042
• Price per Square Foot: $925
• Address: 7748 Denton Highway, Watauga, Texas
• Market: Watauga

The buyer, a Texas-based private investor, acquired the property through a 1031 exchange. The medical office property features Total Point Urgent Care as the tenant and is subject to a 20-year absolute triple net lease. This transaction highlights the strong demand for properties with secure long-term leases, such as those found in tax-free markets like Texas.