Cook Children's Health NNN
6930 Parkwood Boulevard, Frisco, TX 75034
For Sale
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The property is leased to Cook Children's Health under a triple-net lease with scheduled annual rent increases.
Property Size4,212 SF
Lot Size0.73 Acres
Price / SF$451.09
Days on Market21
Property Features for 6930 Parkwood Boulevard
General Information
Standard status
Size
Net Rentable
Lot size
Property subtype
Additional Details
Gross Income
Tenant in Place
Building Details
Tenancy
Listing Agency:
SURMOUNT
Listed By:
Glen Kunofsky · License #NY 49KU1129178
(332) 345-4222
Source:
Crexi
Added: Oct 20
Changed: Nov 8
Last Checked: Nov 8 at 6:10PM
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 SURMOUNT
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Investment Insights
Based on property information with market context.
This NNN property is occupied by Cook Children's Health in a building with roughly 4,212 rentable square feet. The premises sit on an estimated 0.73-acre parcel, and the 10-year lease began on 2/12/2023. Rent is scheduled to increase by 2.00% annually.
The property is located at 6930 Parkwood Boulevard in Frisco, Texas.
The property is located at 6930 Parkwood Boulevard in Frisco, Texas.
Key Highlights
- Cook Children's Health is the tenant under a 10‑year NNN lease
- Approximately 4,212 rentable square feet on an estimated 0.73‑acre parcel
- Lease commenced 2/12/2023, with scheduled annual increases of 2.00%
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$86,407
Cap Rate
4.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,728,140
$1.7M
Cap Rate 7%
$1,234,386
$1.2M
Cap Rate 9%
$960,078
$960.1K
Market Conditions
NOI Build-Up for 4,212 SF
Gross rent
$132.4K $31.44/SF
− Vacancy
−$17.2K −$4.09/SF
EGI
$115.2K $27.35/SF
− OpEx
−$28.8K −$6.84/SF
NOI
$86.4K $20.51/SF
Area
Frisco, TX
Vacancy
13.00%
Lease Rate
$31.44 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,728,140
Cap Rate 7%
$1,234,386
Cap Rate 9%
$960,078
Alternative Uses
Best Use
Office B
$1.23M
$1.08M – $1.44M
NOI $86,407 @ 7.0% cap · market cap 4.55%
Second Best
Healthcare Medical
$779.8K
$682.4K – $909.8K
NOI $54,588 @ 7.0% cap · market cap 2.87%
Theoretical Best
Office A
$1.64M
$1.44M – $1.92M
NOI $115,034 @ 7.0% cap · market cap 6.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
420
Businesses Nearby
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Business Placement
Demographics for 75034, TX
47,734
Population
23,836
Households
2
Avg Household Size
36
Median Age
63%
College-Educated
97%
High-School Grad
15.9 sq mi
ZIP Area
3,002
Density / Sq Mi
$107,945
Median Household Income
$67,256
Median Earnings
$1,730
Median Rent
$679,500
Median Home Value
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Market
Properties on Market for NNN properties in Collin County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
NNN property - The property is leased to Cook Children's Health under a triple-net lease with scheduled annual rent increases.
Where is this nnn property located?
The property is located at 6930 Parkwood Boulevard Frisco, TX.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Cook Children's Health is the tenant under a 10‑year NNN lease; Approximately 4,212 rentable square feet on an estimated 0.73‑acre parcel; Lease commenced 2/12/2023, with scheduled annual increases of 2.00%
