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.