4108 15Th St Plano, TX 75093

Property Details for 4108 15Th St

Year built

2001

Lot size

3.26 lot acres

Property size

7,525 SF

Zone code

LI-I/R

Property type

Commercial real estate

APN

R-8030-003-1000-1

APU

R803000310001

Description

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.

Location Insight

City

Plano

County

Collin

State

Texas

Longitude

-96.7717

Latitude

33.0165

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments