1850 Lakepointe DrLewisville, TX 75057

Property Details for 1850 Lakepointe Dr

Year built

2001

Lot size

2.00 AC

Property type

Healthcare properties

Property subtype

Other office properties

Description

This exceptional investment opportunity presents a fully occupied, single-story medical office building totaling 21,664 net rentable square feet. Located at 1850 Lakepointe Dr, Lewisville, TX 75057, this fee-simple property boasts five units within one building, constructed in 2001 on a 2-acre lot (APN: R237509). The property enjoys a 100% occupancy rate with a weighted average lease term of 6.74 years, providing stable, passive income. Key tenants include SEVA Med Care, North Dallas Eye Associates, Pecan Pharmacy, and Symetria. SEVA Med Care's long-term, net-net-net (NNN) lease enhances the investment's security and cash flow potential. This stabilized investment is strategically situated in the Dallas-Fort Worth metropolitan area, directly off Interstate 35, benefiting from high traffic counts exceeding 200,000 vehicles per day. Its proximity to Lewisville Regional Hospital and Carrollton Regional Medical Center (within 4 miles) further enhances its desirability. The property is located in Lewisville, a major city in Denton County, with a population exceeding 230,000 within a five-mile radius, ensuring a robust and growing market. This presents a unique chance to acquire a thriving medical office building in a prime location within the dynamic Dallas-Fort Worth region.

Location Insight

City

Lewisville

County

Denton

State

Texas

Latitude

33.0175

Longitude

-96.9793

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