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    4108 15Th St Plano, TX 75093

    Sponsored
    For Sale
    $2,790,000

    High-yield, NNN-leased medical building.

    Property size:
    7,525 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Class A medical office building presents a compelling investment opportunity in Plano, Texas. The 7,525 square foot property boasts a 100% occupancy rate, secured by a long-term net lease with U.S. Renal (Plano Dialysis) – a national tenant with a proven track record. The current lease, initiated September 1, 2013, has a remaining term of approximately 3.8 years, followed by two 5-year renewal options with built-in rent bumps. The property features a strong 6.10% cap rate and a substantial net operating income (NOI) of $170,153. Situated on a 3.26-acre lot, the building was constructed in 2001 and benefits from a prime location near Medical City Plano Hospital and major transportation arteries. The NNN lease structure minimizes landlord responsibilities, making this a low-maintenance, high-return investment. This offering is ideal for 1031 exchange investors seeking a stable, income-producing asset in a thriving Texas market. The property's strategic location within Plano, a rapidly growing affluent suburb of Dallas, offers significant long-term growth potential. Plano's robust economy, fueled by numerous Fortune 500 companies, ensures a stable and attractive investment climate. The 6,945 square feet of net rentable space is currently leased at $370.76 per square foot. This property offers a rare combination of strong tenancy, favorable lease terms, and a prime location in a high-growth market.

    Property Features for 4108 15Th St

    General Information

    Property type
    Medical offices
    Square Feet
    7,525 SF
    Class
    A
    Lot Size
    142,006 SF

    Building Details

    Year Built
    2001

    HighLights

    • Prime medical office investment opportunity in Plano, TX, a Dallas suburb.
    • Net‑leased to U.S. Renal Care, a national tenant, with 3.8 years remaining on a 15‑year lease, plus two 5‑year renewal options with rent bumps.
    • NNN lease with minimal landlord responsibilities; 6,945 rentable square feet.
    • Excellent location near Medical City Plano Hospital and major highways.
    • Strong cap rate of 6.10%; asking price $2,790,000 ($370.76/SF).
    Property Profile Location Intelligence

    Current Use by Public Records

    Neng Chhean, O.D. Optometrist Ali Ali Ophthalmologist Texas Eye Surgeons Ophthalmologist Abdulfatah Ali, M.D. Ophthalmologist Shagun Dhaliwal Ophthalmologist

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Plano
    County
    Collin
    State
    Texas
    Longitude
    -96.7716923
    Latitude
    33.0165026

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    FAQs

    What type of property is this?
    Medical office - High-yield, NNN-leased medical building.
    Where is this medical office located?
    The property is located at 4108 15Th St Plano, TX.
    What is the asking price?
    The asking price for this property is $2,790,000.
    What are key features of this property?
    This property features: Prime medical office investment opportunity in Plano, TX, a Dallas suburb.; Net-leased to U.S. Renal Care, a national tenant, with 3.8 years remaining on a 15-year lease, plus two 5-year renewal options with rent bumps.; NNN lease with minimal landlord responsibilities; 6,945 rentable square feet.
    Request Owner's contact information
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    Plano, TX 75093
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4108 15Th St Plano, TX 75093
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