4109 Brown TrlColleyville, TX 76034

This 15,215-square-foot medical office building, located at 4109 Brown Trail in Colleyville, Texas, presents a compelling investment opportunity. Built in 1986, the property sits on a 1.532-acre lot and is currently 70% occupied with a mix of medical and professional tenants under NNN leases, minimizing landlord responsibilities. The current Net Operating Income (NOI) is $165,003, yielding a 5.95% capitalization rate. However, significant value-add potential exists. A pro-forma NOI of $275,967 projects a 9.94% capitalization rate. This potential is driven by 4,559 square feet of available space, currently priced at $17.36 per square foot NNN. Recent lease renewals, such as the one with Texas Colon & Rectal Specialists, demonstrate strong tenant commitment. The building enjoys a prime location at the southeast corner of Brown Trail and Colleyville Boulevard, a major thoroughfare with 22,187 vehicles passing daily. The area boasts exceptional demographics, with average household incomes exceeding $156,599 within a one-mile radius—more than double the national average. Nearby national retailers include Walmart, Whole Foods, Ace Hardware, Petco, Walgreens, Exxon, and Orangetheory Fitness, further enhancing the property's desirability and accessibility. The asking price for this multi-tenant office building is $2,775,000.