380 S Custer Rd - Medical FOR SALE


McKinney, TX 75072
$4,158,000 USD
415-852-5177
380 S Custer Rd, McKinney, TX for Sale
$4,158,000 USD
Medical - FOR SALE
1/8
null | 5% Cap Rate

380 S Custer Rd
McKinney, TX 75072


HIGHLIGHTS

  • New 12-year absolute NNN lease with Heartland Dental, the largest dental support organization in the U.S
  • Tenant is responsible for all property expenses, including taxes, insurance, and maintenance, ensuring a completely passive investment
  • 10% rental increases every five years during the lease term and options, providing a strong hedge against inflation
  • Heartland Dental supports over 1,800 practices nationwide, backed by a strong financial foundation and proven operational success

OVERVIEW

Situated in McKinney, TX, one of the fastest-growing cities in Texas, with a projected population of 285,489 within a 5-mile radius by 2029. Positioned along North Custer Road, benefiting from 83,000 AADT. The lease structure ensures a completely passive investment, as Heartland Dental is responsible for all taxes, insurance, maintenance, and structural repairs. The 12-year lease includes 10% rental escalations every five years and in option periods, enhancing long-term value and NOI growth. High-quality 4,120 SF building on a 1.16-acre site, featuring energy-efficient construction, modern aesthetics, and a premium build quality tailored to medical office needs. The property is an outparcel to a shopping center with Sprouts Farmers Market and LA Fitness, ensuring strong cross-traffic and consumer engagement. Located within one of the nation’s strongest economic regions, McKinney offers a business-friendly environment, favorable tax structure, and increasing demand for healthcare services.

FOR SALE DETAILS

PRICE

$4,158,000 USD

PRICE/SF

$1,009 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Heartland Dental

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Freestanding, Industrial Live/Work Unit

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

42

LAND DETAILS

LAND ACRES

1.16 AC

LAND SF

50,530 SF

ZONING

-

APN/PARCEL ID

R-10543-00A-11R1-1

ASK ABOUT THIS PROPERTY

Michael YurasCushman & WakefieldMore Info
415-852-5177

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Michael YurasCushman & WakefieldMore Info
415-852-5177

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.