6800 Heritage Pkwy Rockwall, TX 75087

This exceptional two-story medical office building, situated on 1.2 acres in Rockwall, Texas, presents a compelling investment opportunity. The 15,766 square foot property, constructed in 1985 and renovated in 2020, boasts a Class B rating and features ten units currently at 80% occupancy. A new roof was installed in December 2023. The building offers a strong net lease structure with a current NOI of $243,593, translating to an attractive 8.86% cap rate and a price per square foot of $174.43. The asking price is $2,750,000. Conveniently located at 6800 Heritage Pkwy, 75087, this property enjoys excellent visibility and accessibility, situated near Baylor Scott & White Hospital and Interstate 30. The ample parking ratio of 4.45 spaces per 1,000 square feet caters to tenants and visitors. With a mix of office and medical tenants, this multi-tenant building offers potential for increased value through leasing the remaining vacant space. The property's wood-framed construction and recent renovations contribute to its overall appeal and functionality. This is a rare opportunity to acquire a well-maintained, high-yield medical office building in a thriving Texas market. The property is offered as a net lease investment.