1720 Fm 544 The Colony, TX 75056
- Office Properties & Spaces
- 3,860 SF
Current Use by Public Records
- Office Properties & Spaces
Property Details for 1720 Fm 544
- Year built
- 2017
- Property size
- 3,860 SF
- Property type
- Office Properties & Spaces
- Property subtype
- Medical offices
Description
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.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- The Colony
- County
- Denton
- State
- Texas
- Longitude
- -96.919
- Latitude
- 33.0458
