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Office Medical

400 N 15th St

400 N 15th St, Corsicana, TX 75110

Listing Price: $770,000

Cap Rate
7.00%
Gross SF
2,550
Rentable SF
2,550
Price/Gross SF
$301.96
Occupancy
100.0%
Year Built
2006
Lot Size
0.36 acres

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire 400 N 15th Street (“the Property”), a bite -sized 2,550 square foot medical office building located in the Dallas-Fort Worth suburb of Corsicana, TX. The tenant, MyEyeDr, a national eye care practice with over 500 locations, just renewed for an additional five years on a NN basis, expressing commitment to the location. Attractive seller financing is available, providing a cash-on-cash return above 9%.

Corsicana, located approximately half way between Dallas and Waco, is a city steeped in history. Renowned as the birthplace of the Texas oil industry, Corsicana witnessed the State’s first oil discovery in 1894, transforming it into a bustling oil boomtown and one of Texas’ wealthiest cities. Today, Corsicana is a high-growth community offering a unique blend of historical charm and modern opportunity.
The Property, built in 2006, benefits from a strategic location along Interstate 45, providing easy access to Dallas and Houston, as well as an ideal retail location with excellent visibility and abundant nearby retail amenities in downtown Corsicana.

Investment Highlights

  • SINGLE-TENANT MEDICAL OFFICE INVESTMENT WITH GROWING NATIONAL EYE CARE SERVICES PROVIDER
  • PASSIVE NN LEASE WITH OVER 5 YEARS REMAINING & ONE FIVE-YEAR OPTION
  • 4TH MOST POPULOUS MSA IN THE U.S.
  • STRONG RETAIL LOCATION WITH EASY INTERSTATE 45 ACCESS

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Financing By

Office Medical

400 N 15th St

Listing Price: $770,000

Cap Rate
7.00%
Gross SF
2,550
Rentable SF
2,550
Price/Gross SF
$301.96
Occupancy
100.0%
Year Built
2006
Lot Size
0.36 acres

Investment Highlights

  • SINGLE-TENANT MEDICAL OFFICE INVESTMENT WITH GROWING NATIONAL EYE CARE SERVICES PROVIDER
  • PASSIVE NN LEASE WITH OVER 5 YEARS REMAINING & ONE FIVE-YEAR OPTION
  • 4TH MOST POPULOUS MSA IN THE U.S.
  • STRONG RETAIL LOCATION WITH EASY INTERSTATE 45 ACCESS

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire 400 N 15th Street (“the Property”), a bite -sized 2,550 square foot medical office building located in the Dallas-Fort Worth suburb of Corsicana, TX. The tenant, MyEyeDr, a national eye care practice with over 500 locations, just renewed for an additional five years on a NN basis, expressing commitment to the location. Attractive seller financing is available, providing a cash-on-cash return above 9%. Corsicana, located approximately half way between Dallas and Waco, is a city steeped in history. Renowned as the birthplace of the Texas oil industry, Corsicana witnessed the State’s first oil discovery in 1894, transforming it into a bustling oil boomtown and one of Texas’ wealthiest cities. Today, Corsicana is a high-growth community offering a unique blend of historical charm and modern opportunity. The Property, built in 2006, benefits from a strategic location along Interstate 45, providing easy access to Dallas and Houston, as well as an ideal retail location with excellent visibility and abundant nearby retail amenities in downtown Corsicana.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

Financing By

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