541 W Main St - Medical FOR SALE


Lewisville, TX 75057- Lewisville/Flower Mound
$1,889,000 USD
972-375-3437
541 W Main St, Lewisville, TX for Sale
$1,889,000 USD
Medical - FOR SALE
1/25
null | 5.25% Cap Rate

541 W Main St
Lewisville, TX 75057
Lewisville/Flower Mound


HIGHLIGHTS

  • Located directly across from Medical City Lewisville
  • Attractively priced at $182 per square foot, 65% leased
  • 5.25% CAP on existing income with upside to lease remaining space
  • Established tenant base: UT Southwestern Medical and Star Pediatric Group
  • 20% population growth last 5 years and projected 20% growth next 5 years

OVERVIEW

Upside development opportunity: Sought after medical office opportunity in Dallas/Fort Worth. Fronts Main Street in the the fast growing DFW suburb of Lewisville. Sits directly across from Medical City Lewisville. 20% growth last 5 years and projected next 5 years. Attractively priced at $182 per square foot Medical City Lewisville is a full-service, acute care hospital licensed for 186 beds. Serving the Lewisville, Flower Mound, Castle Hills and southern Denton County communities since 1976, Medical City Lewisville is a Level III Trauma Center, Level III NICU, Level II Maternal Center, Primary Stroke Center and Mag-net The population in a one mile radius exceeds 14,700 people, with an average income of $79,000. The im-mediate area experienced 20% population growth over the last 5 years, with expected growth of 20%over next 5 years. Triple net lease leases (including management fees), with rent increases in primary terms and options 65% leased, Upside to lease remaining space

FOR SALE DETAILS

PRICE

$1,889,000 USD

PRICE/SF

$179 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Main Professional Building

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.75 AC

LAND SF

32,670 SF

ZONING

O2

APN/PARCEL ID

R12499

ASK ABOUT THIS PROPERTY

Gavin KamNNN Retail AdvisorsMore Info
972-375-3437

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Gavin KamNNN Retail AdvisorsMore Info
972-375-3437

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