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255 W Lebanon
Frisco, TX 75036

$2,522,500 USD

Medical Condo For Sale  •  5,110 SF

Property Details

  • Property Type Medical
  • Total Building Size 16,442 SF
  • Lot Size 4.79 AC
  • Building Class B
  • Year Built 2019
  • Cap Rate 6.60 %
  • Tenancy Multiple
  • Zoning Commercial
50 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit 312-316 Office 5,110 SF $2,522,500 USD
  • Unit Size: 5,110 SF
  • Condo Use: Office
  • Price: $2,522,500 USD
  • Sale Type: Investment
  • Price/SF: $493.64 USD
Description
**** DO NOT CONTACT OR DISTURB THE TENANT ****

Sale Notes
**** DO NOT CONTACT OR DISTURB THE TENANT ****
Tenant just started their 2nd 5 year term and has an option for 2 more extensions at a market rate
No Landlord Responsibilities.
Annual 2.5% rent increases.
One of the most affluent and highest growth area of DFW Metroplex with a lot of young families
5 years remaining on lease term.
Tenant occupies two condo suites.
Behavioral Innovations (4,000 SF) and Cooks Children (2,998 SF) serve as complementary co-tenants and referral sources for Monkey Mouths.

Description 

**** DO NOT CONTACT OR DISTURB THE TENANT ****
Tenant just started their 2nd 5 year term and has an option for 2 more extensions at a market rate
No Landlord Responsibilities.
Annual 2.5% rent increases.
One of the most affluent and highest growth area of DFW Metroplex with a lot of young families
5 years remaining on lease term.
Tenant occupies two condo suites.
Behavioral Innovations (4,000 SF) and Cooks Children (2,998 SF) serve as complementary co-tenants and referral sources for Monkey Mouths.

Property Flyers

Financial Summary

Cap Rate: 6.60 %
Total Expenses: $26,677 USD

Major Tenants

Tenant SF Occupied Lease End Date
Bodyloom Wellness
Clover Esthetics
Connections Wellness Group
Endodontic Specialists Of Frisco
Genesis Hyperbaric Wellness Llc
Lopez Chiropractic 12/6/2024
Monkey Mouths 5,036 SF 2/28/2031
Pediatrics R Us
TruVet
Waterfront Family Dentistry

Amenities

  • 24 Hour Access
  • Signage
  • Kitchen
  • Central Heating
  • High Ceilings
  • Natural Light
  • Reception
  • Recessed Lighting
  • Air Conditioning

Public Transportation

AirportDriveWalkDistance
Dallas-Fort Worth International 28 min - 21.6 mi
Dallas Love Field 38 min - 26.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 13
Type: Surface
Included in Rent: Yes
Eugene Krasny 214-673-1162 K.E.I. Realty
Eugene Krasny 214-673-1162 K.E.I. Realty