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Office Medical

Medical Professional Building

541 W Main St, Lewisville, TX 75057

Listing Price: $2,000,000

Cap Rate
6.18%
Gross SF
10,323
Rentable SF
10,323
Price/Gross SF
$193.74
Year Built
1985
Lot Size
0.75 acres

Investment Overview

Marcus & Millichap Real Estate Investment Services is pleased to offer for sale of the fee simple ownership interest in 541 West Main Street, in Lewisville, Texas. The property is currently occupied by Star Pediatrics, UT Southwestern, Ameri-Labs and Health America Pharmacy.

The subject property was built in 1985 and has been held by the seller for over the last 13 years. The current tenants have triple net leases in place and the property is currently 86% occupied by medical tenants.

The multi-tenant, medical office building contains 10,323 square feet of total rentable area and is conveniently located less than two miles away from both Interstate 35 E and State Highway 121, allowing for easy access to the property. The property is located on W Main Street, across from the Medical City Lewisville Hospital and next to Psycho Neuro Plasticity Center. The property benefits from strong demographics, serving a three-mile population of approximately 99,557 residents with a one-mile average household income exceeding $75,510.

Investment Highlights

  • Value-Add Opportunity
  • 10,323-Square Foot, Multi-Tenant Medical Office Building
  • All Tenants on NNN Leases
  • Upside Through Leasing Up Vacancy
  • Densely Populated Area with 205,383 Residents Within Five Miles

Exclusively Listed By

Office Medical

Medical Professional Building

Listing Price: $2,000,000

Cap Rate
6.18%
Gross SF
10,323
Rentable SF
10,323
Price/Gross SF
$193.74
Year Built
1985
Lot Size
0.75 acres

Investment Highlights

  • Value-Add Opportunity
  • 10,323-Square Foot, Multi-Tenant Medical Office Building
  • All Tenants on NNN Leases
  • Upside Through Leasing Up Vacancy
  • Densely Populated Area with 205,383 Residents Within Five Miles

Investment Overview

Marcus & Millichap Real Estate Investment Services is pleased to offer for sale of the fee simple ownership interest in 541 West Main Street, in Lewisville, Texas. The property is currently occupied by Star Pediatrics, UT Southwestern, Ameri-Labs and Health America Pharmacy.

The subject property was built in 1985 and has been held by the seller for over the last 13 years. The current tenants have triple net leases in place and the property is currently 86% occupied by medical tenants.

The multi-tenant, medical office building contains 10,323 square feet of total rentable area and is conveniently located less than two miles away from both Interstate 35 E and State Highway 121, allowing for easy access to the property. The property is located on W Main Street, across from the Medical City Lewisville Hospital and next to Psycho Neuro Plasticity Center. The property benefits from strong demographics, serving a three-mile population of approximately 99,557 residents with a one-mile average household income exceeding $75,510.

Exclusively Listed By

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