4108 15Th St Plano, TX 75093
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High-yield, NNN-leased medical building.
Property size:
7,525 SFProperty 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
Listing Agency: Central Commercial Group Listing Agent: Joseph James, Ccim
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
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 Profile
Insight Report
Location Intelligence
Current Use by Public Records
Neng Chhean, O.D.
Physician
Ali Ali
Ophthalmologist
Texas Eye Surgeons
Ophthalmologist
Abdulfatah Ali, M.D.
Ophthalmologist
Shagun Dhaliwal
Ophthalmologist
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.
