Office Medical
400 N 15th St
400 N 15th St, Corsicana, TX 75110
Listing Price: $770,000
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
Financing By
Listing Price: $770,000
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.