For Sale
$2,790,000

4108 15Th StPlano, TX 75093

High-yield, NNN-leased medical building.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional Class A medical office building presents a compelling investment opportunity in Plano, Texas. The 7,525 square foot property boasts a 100% occupancy rate, secured by a long-term net lease with U.S. Renal (Plano Dialysis) – a national tenant with a proven track record. The current lease, initiated September 1, 2013, has a remaining term of approximately 3.8 years, followed by two 5-year renewal options with built-in rent bumps. The property features a strong 6.10% cap rate and a substantial net operating income (NOI) of $170,153. Situated on a 3.26-acre lot, the building was constructed in 2001 and benefits from a prime location near Medical City Plano Hospital and major transportation arteries. The NNN lease structure minimizes landlord responsibilities, making this a low-maintenance, high-return investment. This offering is ideal for 1031 exchange investors seeking a stable, income-producing asset in a thriving Texas market. The property's strategic location within Plano, a rapidly growing affluent suburb of Dallas, offers significant long-term growth potential. Plano's robust economy, fueled by numerous Fortune 500 companies, ensures a stable and attractive investment climate. The 6,945 square feet of net rentable space is currently leased at $370.76 per square foot. This property offers a rare combination of strong tenancy, favorable lease terms, and a prime location in a high-growth market.

Highlights

  • Prime medical office investment opportunity in Plano, TX, a Dallas suburb.
  • Net-leased to U.S. Renal Care, a national tenant, with 3.8 years remaining on a 15-year lease, plus two 5-year renewal options with rent bumps.
  • NNN lease with minimal landlord responsibilities; 6,945 rentable square feet.
  • Excellent location near Medical City Plano Hospital and major highways.
  • Strong cap rate of 6.10%; asking price $2,790,000 ($370.76/SF).

Property Details for 4108 15Th St

Property type
Office properties, Medical offices
Square Feet
7,525 SF
Class
A
Year Built
2001
Lot Size (sq. ft)
142,006 SF

Location Insight

City
Plano
County
Collin
State
Texas
Latitude
33.0165026
Longitude
-96.7716923
4108 15Th St, Plano, Texas

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4108 15Th St
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