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Single-Tenant Office Medical

Medical City ER | 5203 Lake Ridge Parkway

5203 Lake Ridge Pkwy, Grand Prairie, TX 75052

Listing Price: $8,800,000

Cap Rate
6.40%
Tenant Name
Medical City Emergency Room
Years Remaining On Lease
4.9
Gross SF
14,004
Guarantor
Local Franchisee
Rentable SF
14,004
Price/Gross SF
$628.39
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$40.19

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.

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

Cap Rate
6.40%
Tenant Name
Medical City Emergency Room
Years Remaining On Lease
4.9
Gross SF
14,004
Guarantor
Local Franchisee
Rentable SF
14,004
Price/Gross SF
$628.39
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$40.19

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

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