4200 Mapleshade Ln Plano, TX 75093

Property Details for 4200 Mapleshade Ln

Year built

2017

Property size

2,500 SF

Property type

Office Properties & Spaces

Property subtype

Medical offices

Description

This 2,500 square foot Class A medical office condo is located at 4200 Mapleshade LN, Plano, TX 75093. Built in 2017, the property boasts a 100% occupancy rate with a current NNN lease in place until December 30, 2031, offering a remaining lease term of seven years. The asking price is $817,500, representing a price per square foot of $327 and a 7.94% cap rate. The property generates a net operating income (NOI) of $64,909.20 annually. This prime location at the Northwest corner of SH-190/President George Bush Turnpike and Coit Road offers excellent visibility and accessibility, with prominent building signage visible from the President George Bush Turnpike (115,261 vehicles per day). The property benefits from its proximity to major thoroughfares, high-income residential communities, and numerous retail amenities, including Sam's Club and Central Market. It's also conveniently located near several medical facilities, such as Texas Health Plano, Baylor Scott and White Heart Hospital, and Methodist Richardson Medical Center. The building is adjacent to the 83-acre Beacon Square mixed-use development. This investment opportunity presents a stable income stream in a rapidly growing area of Plano, Texas, surrounded by a population of 369,516 residents within a 5-mile radius. The property features high-quality medical office finishes and an appealing exterior.

Location Insight

City

Plano

County

Collin

State

Texas

Longitude

-96.7736

Latitude

33.0021