400 N 15th St - Freestanding FOR SALE


Corsicana, TX 75110
$657,000 USD
805-351-7144
400 N 15th St, Corsicana, TX for Sale
$657,000 USD
Freestanding - FOR SALE
1/6
null | 7% Cap Rate

400 N 15th St
Corsicana, TX 75110


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

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.

FOR SALE DETAILS

PRICE

$657,000 USD

PRICE/SF

$258 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,682 SF

ZONING

Commercial

APN/PARCEL ID

35755

ASK ABOUT THIS PROPERTY

James DeBuiserMarcus & MillichapMore Info
805-351-7144

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James DeBuiserMarcus & MillichapMore Info
805-351-7144

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