2500 Swamy DrSherman, TX 75090

Property Details for 2500 Swamy Dr

Year built

2019

Lot size

1.40 AC

Property size (Sq ft)

7,728 SF

Property type

Office properties

Property subtype

Medical offices

Description

This exceptional investment opportunity presents a 7,728-square-foot Class A medical office building in Sherman, Texas. The property, constructed in 2019, is situated on a 1.4-acre lot at 2500 Swamy Dr, 75090, and enjoys a prime location adjacent to Texoma Medical Center, a 414-bed acute care hospital. Currently 100% occupied under a 15-year net lease (NNN) with American Renal Associates (ARA), a subsidiary of Innovative Renal Care (IRC), a national dialysis services provider with over 200 clinics. The lease commenced September 12, 2020, and expires September 30, 2035, offering a remaining lease term of approximately 10.9 years. The lease includes 2% annual rent escalations and two 5-year options to renew at fair market value. ARA invested approximately $1 million in build-out, creating a state-of-the-art facility featuring 12 dialysis stations and one isolation room, with capacity for expansion. The property boasts a strong 6.50% cap rate and a net operating income (NOI) of $188,213, with an asking price of $2,900,000 ($375.26/SF). This offering provides a secure, long-term investment in a rapidly growing market, benefiting from significant recent investments in the Sherman area by companies like Texas Instruments and Globitech, and the absence of state income tax in Texas.

Location Insight

City

Sherman

County

Grayson

State

Texas

Latitude

33.7062

Longitude

-96.5876

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