1720 Fm 544The Colony, TX 75056

Property Details for 1720 Fm 544

Year built

2017

Property size (Sq ft)

3,860 SF

Property type

Healthcare properties

Property subtype

Other office properties

Description

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.

Location Insight

City

The Colony

County

Denton

State

Texas

Latitude

33.0458

Longitude

-96.919

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