contact robert henry, associate · assisted living investment property contact broker for more...
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ASSISTED LIVING INVESTMENT PROPERTY
CONTACT Broker for more information
ROBERT HENRY, ASSOCIATE Investments/Land Division
p 972.386.1467 m 501.519.4807 e [email protected]
LOCATION
4703 Lomax
Dallas, TX 75227
BUILDING SIZE
2,400 SF
BUILDING LAYOUT
6 bedrooms, 4 baths
PROPERTY TYPE
Assisted living
YEAR BUILT
1984
ASKING PRICE
$315,000
PROPERTY INFO
4703 Lomax DALLAS, TX 75227
4703 LOMAX FINANCIAL NOTES
Lease Structure Base + N
Lease Term April 1, 2018 - March 31, 2023
Monthly Rent $2,500 + N (3% increase per yr)
Tenant Responsibilities Repairs, maintenance and HVAC
Landlord Responsibilities Taxes, insurance, roof & foundation (structure)
4703 Lomax has been occupied with long term lease operations since the property was built in 1984. Tenants have
ranged from teen and young adult group home to adult daycare and senior living. The current tenant provides 24
hour patient care and is in the first year of a five year lease. The property is zoned D – Duplex district but is grandfa-
thered in for group home/ assisted living. The property is handicap accessible and is subject to quarterly
inspections. Buyer brokers will receive a 4% fee.
henrysmiller.com | 972.419.4000
ASSISTED LIVING INVESTMENT PROPERTY
4703 Lomax DALLAS, TX 75227
henrysmiller.com | 972.419.4000
DEMOGRAPHICS | 2018 1 Mile 3 Miles 5 Miles
Estimated Population 19,253 127,595 335,453
Estimated Households 5,862 42,804 116,956
Average HH Income $55,927 $56,694 $67,999
Total Businesses 351 2,256 8,130
Total Employees 4,308 29,525 86,123
ASSISTED LIVING INVESTMENT PROPERTY
4703 Lomax DALLAS, TX 75227