817-975-3965
5501 Independence Pkwy, Plano, TX for Rent

$20.00 USD /SF/yr

Office/Medical, Office/Retail - For Rent
1/5
404-4,149 SF | 7 Spaces

5501 Independence Pkwy
Plano, TX 75023


HIGHLIGHTS

  • The average household income in Plano is $120,835 with 53% of the population with a college degree.
  • As of the most recent census data collected, Plano's population stands at 290,000 and growing year over year.

OVERVIEW

Independence Medical Center ("IMC") is a multi-tenant,3-story medical office building well located in the heart of Plano, TX at the hard corner of Independence Parkway and Spring Creek Boulevard. The property was built in 1986 and renovated in 2019-2020. IMC has approximately 57,478 SF and sits on 3 acres of land surrounded by retail, residential, and nearby hospitals. The property currently has 28 suites and a large atrium with a glass skylight offering tons of natural light. Upon, acquisition, current ownership spent significant capital waterproofing the building, improving the landscaping, and modernizing the restrooms and lobby by adding new flooring, lighting, furniture, wall decor, good walls, and a digital directory. IMC is near several hospitals: 5.2 miles from Baylor Scott & White, The Heart Hospital - Plano,3.6 miles to the Medical City of Plano,and 5.1 miles to TexasHealth Presbyterian Hospital of Dallas. Most tenants are currently on NNN leases and the property sits at about 83%occupancy. There is significant room to improve the performance of the asset by filling the remaining vacancies. Independence Medical Center is being offered for sale on a fee-simple, free, and clear basis. *Rooftop rights were sold by a previous **Listing broker has an ownership interest in this property

RENTAL DETAILS

SPACE AVAILABLE

404-4,149 SF

# OF SPACES

7

RENT RATE (MO)

$1.67 USD /SF/mo

RENT RATE (YR)

$20.00 USD /SF/yr

LEASE TYPE

TBD, Triple Net

LEASE LENGTH

Negotiable

AVAILABLE

Now

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

51,684 SF

BUILDING CLASS

B

YEAR BUILT

1986

PARKING SPACES

177

LAND DETAILS

LAND ACRES

3.03076 AC

LAND SF

132,020 SF

ZONING

RT/O-M

ASK ABOUT THIS PROPERTY

Jerad RectorWorldwide Commercial, PLLCMore Info
817-975-3965

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Jerad RectorWorldwide Commercial, PLLCMore Info
817-975-3965

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