Healthcare    

Freestanding Emergency Room  

 Plano, Texas 

For Lease

$55/SF + NNN

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Building Size

8,405 SF

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Land Size (Acres)

1.24 AC

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Property Use

Freestanding ER

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Year Built

2016

Householdincome - white-02-1

Avg HH Income

$135,592 (1-mile)

For more details on this exclusive listing

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INVESTMENT HIGHLIGHTS

  • RECENT CONSTRUCTION - The Facility was built in 2016 and with newer construction, the probability of necessary structural repairs or maintenance is minimal.
  • OPPORTUNITY FOR REDEVELOPMENT PROJECT - Investors will have the opportunity to plan the repositioning of the asset through either redevelopment, or tenancy, at a cost per square foot that is lower than a new build.
  • PRIME LOCATION TO LARGE ECONOMIC DRIVERS - This propety is located roughly 6 miles from a major economic driver in Plano, the Legacy Hall & JPMorgan Chase & Co. Campus.
  • INCOME TAX-FREE STATE - The State of Texas does not have individual state income tax. This is a very attractive feature to net lease investors and lends itself to Texas being one of the most attractive states in the minds of net lease investors.
  • FLEXIBLE USE - The Property is currently approved for the use of emergency care, outpatient medical care, healthcare and counseling services or urgent care. Other uses are subject to Landlord's approval.
  • SIGNIFICANTLY BELOW REPLACEMENT COST - Market construction costs average $888/sf for acute care facilities. New ownership will have an opportunity to purchase well below the replacement cost for this type of facility.
  • COMPLEMENTARY MEDICAL OFFICES - This asset is positioned adjacent to several medical tenants including: Metroplec Medical Center, CAM Medical Associates, Advanced Family Medical Care, Singh Medical Practice, Questcare Medical Clinic,
    Vibrant Health and more.
  • SUPERIOR VISIBILITY & TRAFFIC COUNTS - The Property is positioned within 2 miles of both President George Bush Highway, as well as the Dallas North Tollway which host over 103,475 and 128,000 vehicles per day, respectively.

Exclusively Listed By

Toby Scrivner

Senior Vice President
  tscrivner@northmarq.com      918.794.9554
TX Lic. # 452773

Jeff Matulis

Senior Vice President
  jmatulis@northmarq.com      918.794.9525

Christian Vaughan

Vice President
  cvaughan@northmarq.com      918.794.9544

Northmarq

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Tulsa, Oklahoma 74136


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