A stand-alone medical office building in Midland is now available for sale, offering a sale-leaseback opportunity with the current owners and operators: Midland Pediatrics Associates. Established in 1986, MPA is a well-regarded pediatric group in Midland. The building includes (9) private offices, (28) exam rooms, a lounge, a library, and several flexible rooms currently used as lab spaces and storage. The facility also features a spacious waiting area and reception to welcome patients. With ample parking for both employees and patients, the property ensures convenient and easy access for all visitors.
This property is situated in Northwest Midland on Mamies Circle, inside Loop 250, with direct access to two major thoroughfares: Wadley and Midland Drive. The location is highly convenient, surrounded by neighborhoods, grocery stores, and gas stations. Nearby businesses include Prosperity Bank, Kent Kwik, Fit Family Fitness, O'Reilly Auto Parts, Comet Cleaners, and Albertsons.
*Additional due diligence documents available upon request
Sale Lease-Back Details: The current owners occupy the building as a medical practice and desire to execute a lease with the new owners under the following terms:
Lease Rate: $22/sf/yr
Lease Type: NNN
Lease Term: 10-year