About 1011 W Grove Street
INVESTMENT OPPORTUNITY: 1031 EXCHANGE ELIGIBLE! Fully Leased Medical Office Building in Kaufman, TX. 8.5% Cap Rate - Occupancy: 100% - Location: DFW Metroplex (East) A rare opportunity to acquire a stabilized, high-yield medical asset located in the second fastest-growing county in the United States. This property features a diversified medical tenant mix with long-term sticky leases, providing immediate cash flow and a hedge against market volatility. As the Dallas-Fort Worth metroplex continues its aggressive eastward expansion, this asset is positioned for significant long-term capital appreciation. Investment Highlights: -Superior Yield: At a 8.5% Cap Rate, this asset outperforms typical DFW medical office trades, which currently average 5.5%–6.25%. 100% Occupied: Zero near-term vacancy risk with a curated mix of healthcare providers essential to the local community. -Explosive Market Growth: Kaufman County has seen a 36% population increase since 2020. It is currently maintaining a growth rate nearly 10x the national average. -Strategic Location: Path of Progress: Located in the heart of the Kaufman medical corridor, benefiting from massive regional infrastructure improvements, including the $129M US-175 interchange expansion. Kaufman is no longer a rural outpost; it is a primary suburban hub. With the population of Kaufman County projected to surpass 220,000 this year, the demand for outpatient services is outstripping supply. -Recession-Proof Asset Class: Medical tenants have a historical retention rate of over 85% and are largely immune to e-commerce and remote-work trends. -New Infrastructure: Proximity to major logistics and cold-storage developments (like the 121,000 SF project on SH-34) is driving high-income medical professional relocation to the area. -Limited Supply: New medical construction costs in Texas have risen to $350–$800 SF, making existing stabilized assets like this one a high-value basis play for investors.
Features of 1011 W Grove Street
| MLS® # | 21211063 |
|---|---|
| Price | $955,000 |
| Square Footage | 6,786 |
| Acres | 0.46 |
| Year Built | 2004 |
| Type | Commercial Sale |
| Sub-Type | Office |
| Status | Pending |
Community Information
| Address | 1011 W Grove Street |
|---|---|
| Subdivision | Kaufman Medical Plaza Add |
| City | Kaufman |
| County | Kaufman |
| State | Texas |
| Zip Code | 75142 |
Amenities
| Utilities | City Sewer, City Water, Concrete, Curbs, Electricity Connected |
|---|---|
| Garages | Common, Concrete, Driveway |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Central |
|---|---|
| Fireplace | No |
| # of Stories | 2 |
| Stories | 2 |
Exterior
| Lot Description | Few Trees, Landscaped, Level |
|---|---|
| Roof | Metal |
| Construction | Rock/Stone, Stucco |
| Foundation | Slab |
Additional Information
| Zoning | Commercial |
|---|---|
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Suzanne Athey |
|---|---|
| Office | RE/MAX Dallas Suburbs PM |
| Contact Info | 469-916-1222 |
