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5501 Independence Pkwy
Plano, TX 75023 Plano

$6,981 USD/MO

Medical For Lease  •  606+ SF

Property Details

  • Property Type Medical
  • Year Built 1986
  • Total Building Size 60,025 SF
  • Tenancy Multiple
  • Building Class B
  • Zoning RT/O-M
0 Transit Score
60 Walk Score

8 Spaces Available

Name Space Use Size Rent Details
1st Floor Ste 101 Medical Office 606 SF Rate Upon Request 
Independence Medical Center. Fully Built Out Medical Center.

  • Date available: Now
  • Lease term: Negotiable
  • Service type: To Be Determined
  • Built out as: Standard Medical
  • Space Type: Relet
1st Floor Ste 103 Office 684 SF Rate Upon Request 
Independence Medical Center. Fully Built Out Medical Center. Flexible Lease and Use Options.

  • Date available: Now
  • Lease term: Negotiable
  • Service type: To Be Determined
  • Built out as: Standard Office
  • Space Type: Relet
2nd Floor Ste 201 Medical Office 3,351 SF $25.00 USD/SF/YR 
This space was formerly a dental/orthodontic clinic. Can be turned into a med spa.

  • Date available: Now
  • Lease term: Negotiable
  • Service type: Triple Net
  • Built out as: Dental
  • Space Type: Relet
  • In Contiguous block: 6,448 SF
2nd Floor Ste 202-206 Medical Office 3,097 SF $25.00 USD/SF/YR 
Former dental/ortho space.

  • Date available: Now
  • Lease term: Negotiable
  • Service type: Triple Net
  • Built out as: Dental
  • Space Type: Relet
  • In Contiguous block: 6,448 SF
2nd Floor Ste 203 Office/Retail 2,179 SF Rate Upon Request 
Former endodontic suite.

  • Date available: Now
  • Lease term: Negotiable
  • Service type: Triple Net
  • Built out as: Standard Office
  • Space Type: Relet
2nd Floor Ste 204 Medical Office 2,004 SF Rate Upon Request 
Currently Vacant suite available

  • Date available: Now
  • Lease term: Negotiable
  • Service type: To Be Determined
  • Space Type: Relet
3rd Floor Ste 300 Medical Office 2,343 SF Rate Upon Request 
Private office/medical space available in an established location.

  • Date available: Now
  • Lease term: Negotiable
  • Service type: Triple Net
  • Built out as: Standard Medical
  • Space Type: Relet
3rd Floor Ste 304 Office/Retail 1,047 SF Rate Upon Request 
Private office space.

  • Date available: Now
  • Lease term: Negotiable
  • Service type: To Be Determined
  • Built out as: Standard Office
  • Space Type: Relet

Description 

Independence Medical Center ("IMC") is a multi-tenant,3-story medical office building well located in the heart of Plano, TX at the hard corner of Independence Parkway and Spring Creek Boulevard. The property was built in 1986 and renovated in 2019-2020. IMC has approximately 57,478 SF and sits on 3 acres of land surrounded by retail, residential, and nearby hospitals. The property currently has 28
suites and a large atrium with a glass skylight offering tons of natural light. Upon, acquisition, current ownership spent significant capital
waterproofing the building, improving the landscaping, and modernizing the restrooms and lobby by adding new flooring, lighting, furniture, wall decor, good walls, and a digital directory. IMC is near several hospitals: 5.2 miles from Baylor Scott & White, The Heart Hospital - Plano,3.6 miles to the Medical City of Plano,and 5.1 miles to TexasHealth Presbyterian Hospital of Dallas. Most tenants are currently on NNN leases and the property sits at about 83%occupancy. There is significant room to improve the performance of the asset by filling the remaining vacancies.

Independence Medical Center is being offered for sale on a fee-simple, free, and clear basis.

*Rooftop rights were sold by a previous
**Listing broker has an ownership interest in this property

Highlights

The average household income in Plano is $120,835 with 53% of the population with a college degree.
As of the most recent census data collected, Plano's population stands at 290,000 and growing year over year.
Building is undergoing HVAC Improvements with new air conditioning systems being installed
Independence Medical Center has an onsite Property Manager
The building has been modernized with interior improvements, including directory boards for all floors.

Property Flyers

Amenities

  • Atrium
  • Signage
  • Natural Light
  • Air Conditioning

Major Tenants

Tenant SF Occupied Lease End Date
Health Services of North Texas 7/1/2026
Oral Surgery Associates of North Texas 7/31/2028
Smiles by Morel
USA Vein Clinics

Public Transportation

AirportDriveWalkDistance
Dallas Love Field 34 min - 22.9 mi
Dallas-Fort Worth International 37 min - 26.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 177
Type: Surface
Included in Rent: Yes
Isaac Gonzalez 214-604-4524 KC Capital
Isaac Gonzalez 214-604-4524 KC Capital