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Murphy Professional Centre

152 Brand Rd, Murphy, TX 75094

Listing Price: $4,075,000

Cap Rate
6.00%
Gross SF
10,500
Rentable SF
10,500
Price/Gross SF
$388.10
Lot Size
1.50 acres
Year Built
2017

Investment Overview

Murphy Professional Centre is a 10,500-square-foot, two-tenant medical office center located in the affluent Dallas-Fort Worth suburb of Murphy, Texas. The center is 100 percent occupied with triple-net leases, and tenants consist of McGuiness Dermatology & Aesthetics and Behavioral Innovations. McGuiness Dermatology has approximately seven years remaining on the primary term that includes annual rent escalations; the lease also has a personal guaranty. Behavioral Innovations has more than three years remaining on the primary term, and the tenant has two renewal options that include rental increases. Constructed in 2017, the building has attractive architecture featuring a stone façade and awnings over the entry ways. Murphy Professional Centre is located on Brand Road near the signalized intersection of Brand Road and FM 544. The building is easily accessible with multiple egress and ingress points. Numerous national and regional retailers are in the surrounding area, including Sherwin Williams, Braum's, Schlotzsky's, Walmart, Walgreens, Wendy's, Sonic, Jersey Mike's, Hobby Lobby, Wells Fargo, Leslie's Swimming Pool Supplies, Michaels, Lowe's, 24 Hour Fitness, Sprouts Farmers Market, CVS Pharmacy, Target, and many more. The center is in close proximity to many schools providing additional traffic to the area. Collin College added a campus to the area located less than four miles from the property in the fall of 2020. Collin College - Wylie has more than 300,000 square feet of building space and an estimated attendance of 7,500 students. The property benefits from excellent surrounding demographics with more than 230,300 residents within five miles and a one-mile average household income of $145,756.

Investment Highlights

  • 10,500-Square-Foot, Two-Tenant Center in Murphy, Texas (Dallas-Fort Worth MSA)
  • 100% of the Gross Leasable Area is Medical Office | Both Leases are Triple-Net
  • McGuiness Dermatology & Aesthetics has Scheduled Annual Rent Escalations, and the Lease has a Personal Guaranty
  • Subject Property is Located on Brand Road One Block South of FM 544, the Major Retail Trade Corridor in the City

Exclusively Listed By

Shopping Strip

Murphy Professional Centre

Listing Price: $4,075,000

Cap Rate
6.00%
Gross SF
10,500
Rentable SF
10,500
Price/Gross SF
$388.10
Lot Size
1.50 acres
Year Built
2017

Investment Highlights

  • 10,500-Square-Foot, Two-Tenant Center in Murphy, Texas (Dallas-Fort Worth MSA)
  • 100% of the Gross Leasable Area is Medical Office | Both Leases are Triple-Net
  • McGuiness Dermatology & Aesthetics has Scheduled Annual Rent Escalations, and the Lease has a Personal Guaranty
  • Subject Property is Located on Brand Road One Block South of FM 544, the Major Retail Trade Corridor in the City

Investment Overview

Murphy Professional Centre is a 10,500-square-foot, two-tenant medical office center located in the affluent Dallas-Fort Worth suburb of Murphy, Texas. The center is 100 percent occupied with triple-net leases, and tenants consist of McGuiness Dermatology & Aesthetics and Behavioral Innovations. McGuiness Dermatology has approximately seven years remaining on the primary term that includes annual rent escalations; the lease also has a personal guaranty. Behavioral Innovations has more than three years remaining on the primary term, and the tenant has two renewal options that include rental increases. Constructed in 2017, the building has attractive architecture featuring a stone façade and awnings over the entry ways. Murphy Professional Centre is located on Brand Road near the signalized intersection of Brand Road and FM 544. The building is easily accessible with multiple egress and ingress points. Numerous national and regional retailers are in the surrounding area, including Sherwin Williams, Braum's, Schlotzsky's, Walmart, Walgreens, Wendy's, Sonic, Jersey Mike's, Hobby Lobby, Wells Fargo, Leslie's Swimming Pool Supplies, Michaels, Lowe's, 24 Hour Fitness, Sprouts Farmers Market, CVS Pharmacy, Target, and many more. The center is in close proximity to many schools providing additional traffic to the area. Collin College added a campus to the area located less than four miles from the property in the fall of 2020. Collin College - Wylie has more than 300,000 square feet of building space and an estimated attendance of 7,500 students. The property benefits from excellent surrounding demographics with more than 230,300 residents within five miles and a one-mile average household income of $145,756.

Exclusively Listed By

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