Medical-anchored Professional
For Sale
Contact for pricing
1228 E Exchange Pkwy, Allen, TX 75002
Three-tenant center with retail and office space, built in 2015, anchored by two medical tenants under triple-net leases.
Property Size7,812 SF
Lot Size1.03 Acres
Price / SF$371.22
Days on Market189
Property Features for 1228 E Exchange Pkwy
General Information
Standard status
Active
Size
7,812 SF
Lot size
1.03 Acres
Property subtype
Retail
Occupancy
69%
Lease Type
NNN
Investment Type
Value Add
Net Operating Income
$116,735
Additional Details
Traffic Count
33,882 vehicles/day
Building Details
Year Built
2015
Units
3
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Dallas
Listed By:
Philip Levy · License #TX 522087
(972) 755-5225
Source:
Crexi
Added: Apr 14
Changed: Oct 4
Last Checked: Oct 19 at 4:28AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Dallas
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Investment Insights
Based on property information with market context.
Exchange Professional Centre is a three-tenant retail and office center totaling 7,812 square feet, constructed in 2015, and situated on a 1.03-acre lot. The property is currently 69 percent occupied and is anchored by two medical tenants, with Lone Star Kids Care Pediatrics having recently renewed its lease for five additional years. Both medical tenants are on triple-net leases, and Allen Always Smiles Orthodontics also has a personal guarantee.
The center is positioned in a high-traffic retail corridor along Exchange Parkway near the intersection with Alma Drive. With a cumulative daily traffic count of 33,882 vehicles, the property benefits from strong visibility and easy access. The asset sits directly across from Sprouts Farmers Market, and is also located near school campuses, Stephen G. Terrell Recreation Center, and Collin College Technical Campus.
As an income-oriented offering with medical anchoring and triple-net lease structure, Exchange Professional Centre provides a straightforward option for buyers seeking an established, multi-tenant professional property in a developing suburban market.
The center is positioned in a high-traffic retail corridor along Exchange Parkway near the intersection with Alma Drive. With a cumulative daily traffic count of 33,882 vehicles, the property benefits from strong visibility and easy access. The asset sits directly across from Sprouts Farmers Market, and is also located near school campuses, Stephen G. Terrell Recreation Center, and Collin College Technical Campus.
As an income-oriented offering with medical anchoring and triple-net lease structure, Exchange Professional Centre provides a straightforward option for buyers seeking an established, multi-tenant professional property in a developing suburban market.
Key Highlights
- Exchange Professional Centre is a three‑tenant retail/office center with 7,812 SF and 69% occupancy
- Built in 2015 and located on a 1.03‑acre lot in Allen, Texas
- Anchored by two medical tenants under triple‑net (NNN) leases, including Lone Star Kids Care Pediatrics renewing for 5 more years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$125,699
Cap Rate
4.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,513,980
$2.5M
Cap Rate 7%
$1,795,700
$1.8M
Cap Rate 9%
$1,396,656
$1.4M
Market Conditions
NOI Build-Up for 7,812 SF
Gross rent
$188.4K $24.12/SF
− Vacancy
−$8.9K −$1.13/SF
EGI
$179.6K $22.99/SF
− OpEx
−$53.9K −$6.90/SF
NOI
$125.7K $16.09/SF
Area
Allen, TX
Vacancy
4.70%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,513,980
Cap Rate 7%
$1,795,700
Cap Rate 9%
$1,396,656
Alternative Uses
Best Use
Retail
$1.80M
$1.57M – $2.09M
NOI $125,699 @ 7.0% cap · market cap 4.33%
Second Best
Healthcare Medical
$1.45M
$1.27M – $1.70M
NOI $101,750 @ 7.0% cap · market cap 3.51%
Theoretical Best
Warehouse
$2.07M
$1.81M – $2.42M
NOI $144,946 @ 7.0% cap · market cap 5.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
33,882 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
335
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75002, TX
69,939
Population
24,174
Households
2.9
Avg Household Size
38
Median Age
52%
College-Educated
95%
High-School Grad
37.6 sq mi
ZIP Area
1,860
Density / Sq Mi
$129,306
Median Household Income
$61,171
Median Earnings
$1,967
Median Rent
$403,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Three-tenant center with retail and office space, built in 2015, anchored by two medical tenants under triple-net leases.
Where is this medical office space located?
The property is located at 1228 E Exchange Pkwy Allen, TX.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: Exchange Professional Centre is a three‑tenant retail/office center with 7,812 SF and 69% occupancy; Built in 2015 and located on a 1.03‑acre lot in Allen, Texas; Anchored by two medical tenants under triple‑net (NNN) leases, including Lone Star Kids Care Pediatrics renewing for 5 more years
