Medical-anchored Professional
1228 E Exchange Pkwy Allen, TX 75002
1228 E Exchange Pkwy, Allen, TX, 75002
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For Sale
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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 Market99
Property Features for 1228 E Exchange Pkwy
General Information
- Standard status
- Active
- Size
- 7,812 SF
- Lot size
- 1.03 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 2015
Listing agency
Marcus & Millichap - Dallas
(972) 755-5225
Listed by
Philip Levy · License #TX 522087
Source
Crexi
Added: Apr 14 Updated: Jul 20 at 4:58PM Checked: Jul 21 at 5:03AM
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
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
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $188.4k | $24.12 |
| − Vacancy | −$8.9k | −$1.13 |
| EGI | $179.6k | $22.99 |
| − OpEx | −$53.9k | −$6.90 |
| NOI | $125.7k | $16.09 |
7,812 SF · lease $24.12/SF/yr · vacancy 4.70% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Young Family Electricians ...
Building Supply
Clearstone Dental
Dental Office
Adam Pizzaria
Restaurant
Dinners by Delaine
Cafe & Coffee Shop
Allenex Convenience Store
Grocery & Convenience Store
Similar For Sale Nearby
FAQs
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
