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5060 Tennyson Pky
Plano, TX 75024 Plano

$11,259,920 USD

Medical Condo For Sale  •  17,803 SF

Property Details

  • Property Type Medical
  • Total Building Size 30,630 SF
  • Lot Size 2.5 AC
  • Building Class B
  • Year Built 2020
  • Cap Rate 6.00 %
  • Tenancy Multiple
  • Zoning Commercial
30 Transit Score
60 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit 1 & 2 Medical 17,803 SF $11,259,920 USD
  • Unit Size: 17,803 SF
  • Condo Use: Medical
  • Price: $11,259,920 USD
  • Sale Type: Investment
  • Price/SF: $632.47 USD

Description

Wynmark Commercial is offering two medical office condo units for sale at 5060 Tennyson Parkway in Plano, Texas. This property is a two-building, three-story Class A medical office complex built in 2020. The sale includes Suite 100 (9,619 SF) and Suite 200 (8,184 SF), for a total of 17,803 SF. Both suites are fully leased on a long-term basis to Platinum Dermatology Partners (doing business as Signature Dermatology & Aesthetics).

The property is listed for $11,259,920 with a 6.00% cap rate and a net operating income of $675,595 starting on September 1, 2026. Both suites have nine years left on their leases, offering investors stable income supported by a well-known healthcare operator with nearly 400 providers at over 120 locations in Texas, Arizona, California, Florida, and Nevada.

Suite 100 (9,619 SF) serves as a general dermatology and aesthetics clinic generating $365,025 in annual base rent. Suite 200 (8,184 SF) is purpose-built as a skin cancer surgery center generating $310,570 in annual base rent. Both suites feature state-of-the-art medical buildouts, purpose-designed for a flagship dermatology practice.

The property is located in the Legacy submarket of Plano — one of the strongest medical office corridors in the Dallas-Fort Worth Metroplex — with direct access to the Dallas North Tollway and SH-121. The site is proximate to Children's Medical Center Plano, Texas Health Presbyterian Hospital Plano, Baylor Scott & White Medical Center – Plano, and Medical City Plano, supporting consistent patient demand and long-term tenancy.

Highlights

100% occupied — dual-suite condo package sale, single tenant
Affluent trade area: avg. household income $150,000+ within 2 miles
National healthcare tenant: Platinum Dermatology Partners / Signature Dermatology & Aesthetics
Class A medical office construction, 2020 build
Legacy submarket — Plano, TX | Adjacent to major hospital systems

Property Flyers

Cap Rate: 6.00 %

Major Tenants

Tenant SF Occupied Lease End Date
Advanced Dermasurgery Associates
ARK Physical Therapy Performance Lab
Dejuno
Khan Eyelid & Facial Aesthetics
Nexus One Financial Advisors
Signature Dermatology & Aesthetics

Amenities

  • Atrium
  • Signage
  • Waterfront
  • Central Heating
  • Natural Light
  • Air Conditioning

Public Transportation

AirportDriveWalkDistance
Dallas Love Field 31 min - 21.1 mi
Dallas-Fort Worth International 32 min - 24.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 50
Type: Surface
Included in Rent: Yes
Kristi Alexander 972-360-8787 Wynmark Commercial
Kristi Alexander 972-360-8787 Wynmark Commercial