Property summary
This exceptional Class A medical office building, totaling 3,860 square feet, presents a compelling net lease investment opportunity. Located at 1720 FM 544, The Colony, Texas 75056, within the prestigious Castle Hills master-planned community, this single-tenant property boasts a 100% occupancy rate with R3 Wound Care Hyperbarics as the tenant. The lease, an absolute NNN (Triple Net) agreement, features a remaining term of approximately 3.9 years, expiring October 1, 2028, and includes a favorable 3% annual rent increase. Built in 2017, this single-story building offers a strong net operating income (NOI) of $171,205, translating to a compelling 6.25% capitalization rate. The asking price is $2,739,288, representing a price per square foot of $709.66. The property's prime location within a Class A medical office park ensures high visibility and accessibility. This investment offers a stable, high-yield return with built-in growth potential, making it an ideal addition to any portfolio. The property features no ground lease and is a single unit building. The tenant has no credit rating.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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