Single-Tenant Office Medical
Medical City ER | 5203 Lake Ridge Parkway
5203 Lake Ridge Pkwy, Grand Prairie, TX 75052
Listing Price: $8,800,000
Investment Overview
Marcus & Millichap is pleased to exclusively list for sale 5203 Lake Ridge Parkway in Grand Prairie, Texas, which is a two-tenant medical property occupied by Medical City ER Grand Prairie and Medical City Internal Medicine Arlington. The Property features 14,004 square feet of gross leasable area on 1.86 acres in the rapidly-growing Lake Parks planned development.
The investment property offers an investor an opportunity to purchase a net-leased medical property at an irreplaceable corner, with a leased guaranteed by a strong regional operator. The Property is offered at a price of $8,800,000, which is a 6.40 percent CAP Rate in the first year. The yield increases yearly with annual increases between 2-5 percent per year based upon CPI.
Medical City ER | 5203 Lake Ridge Parkway
Investment Highlights
- Located at Hard-Corner Signalized Intersection Within Rapidly Growing Lake Parks Planned Residential Development
- Average Household Income Within One Mile of $123,139
- Medical City Healthcare Operates Nearly 100 Locations in North Texas
- Annual Rent Escalations of 2-5% Based Upon CPI
Exclusively Listed By
Financing By
Single-Tenant Office Medical
Medical City ER | 5203 Lake Ridge Parkway
Listing Price: $8,800,000
Investment Highlights
- Located at Hard-Corner Signalized Intersection Within Rapidly Growing Lake Parks Planned Residential Development
- Average Household Income Within One Mile of $123,139
- Medical City Healthcare Operates Nearly 100 Locations in North Texas
- Annual Rent Escalations of 2-5% Based Upon CPI
Investment Overview
Marcus & Millichap is pleased to exclusively list for sale 5203 Lake Ridge Parkway in Grand Prairie, Texas, which is a two-tenant medical property occupied by Medical City ER Grand Prairie and Medical City Internal Medicine Arlington. The Property features 14,004 square feet of gross leasable area on 1.86 acres in the rapidly-growing Lake Parks planned development. The investment property offers an investor an opportunity to purchase a net-leased medical property at an irreplaceable corner, with a leased guaranteed by a strong regional operator. The Property is offered at a price of $8,800,000, which is a 6.40 percent CAP Rate in the first year. The yield increases yearly with annual increases between 2-5 percent per year based upon CPI.
Exclusively Listed By
Financing By
