For Sale
$2,739,288

1720 Fm 544 The Colony, TX 75056

High-Yield NNN Lease Investment

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This exceptional Class A medical office building, totaling 3,860 square feet, presents a compelling net lease investment opportunity. Located at 1720 FM 544, The Colony, Texas 75056, within the prestigious Castle Hills master-planned community, this single-tenant property boasts a 100% occupancy rate with R3 Wound Care Hyperbarics as the tenant. The lease, an absolute NNN (Triple Net) agreement, features a remaining term of approximately 3.9 years, expiring October 1, 2028, and includes a favorable 3% annual rent increase. Built in 2017, this single-story building offers a strong net operating income (NOI) of $171,205, translating to a compelling 6.25% capitalization rate. The asking price is $2,739,288, representing a price per square foot of $709.66. The property's prime location within a Class A medical office park ensures high visibility and accessibility. This investment offers a stable, high-yield return with built-in growth potential, making it an ideal addition to any portfolio. The property features no ground lease and is a single unit building. The tenant has no credit rating.

Highlights

  • $2,739,288 asking price for a 3,860 SF medical office building.
  • Absolute NNN net lease with a 6.25% cap rate.
  • Located in The Colony, TX, in a Class A medical office park.
  • 100% occupancy with a remaining lease term of 3.9 years (expiring 10/1/2028).
  • $171,205 annual net operating income (NOI).

Property Details for 1720 Fm 544

Property type
Office properties, Medical offices
Square Feet
3,860 SF
Year Built
2017
Buildings
1
Stories
1
Units
1

Location Insight

City
The Colony
County
Denton
State
Texas
Latitude
33.0458484
Longitude
-96.9190354

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FAQs

What type of property is this?
Office property - High-Yield NNN Lease Investment
Where is the office property located?
The property is located at 1720 Fm 544 The Colony, TX.
What is the asking price?
The asking price for this property is $2,739,288.
What are key features of this property?
This property features: $2,739,288 asking price for a 3,860 SF medical office building.; Absolute NNN net lease with a 6.25% cap rate.; Located in The Colony, TX, in a Class A medical office park.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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Property Records

Contacts

Ryan Byrne
Ryan Byrne
Visit Broker Website

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Fm 544
The Colony, TX 75056

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The Colony, TX 75056

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

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1720 Fm 544
  • Ryan Byrne
    Ryan Byrne
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