541 Main StLewisville, TX 75057

For Sale
$1,889,000

High-growth DFW medical office building.

Overview

Added:
Feb 13
Days on market:
29
Exceptional investment opportunity in Lewisville, Texas, presents a 10,323 square foot medical office building situated at 541 W Main St, 75057. This property boasts a prime location directly across from Medical City Lewisville, a full-service acute care hospital. Currently 65% occupied, the building offers significant upside potential with a pro-forma NOI of $170,000 and a pro-forma cap rate of 9.00%. The asking price is $1,889,000, translating to $182.99 per square foot. The 0.77-acre lot is zoned for Office/Retail use, and the building benefits from a triple-net lease structure with built-in rent increases. The surrounding area demonstrates robust growth, experiencing a 20% population increase over the past five years, with projections of similar growth over the next five years. The immediate area's population exceeds 14,700, boasting an average income of $79,000. This presents a compelling opportunity to capitalize on the thriving medical market in the Dallas/Fort Worth area. The current NOI is $99,189, and the property's strong location and growth potential make it an attractive investment.

Highlights

  • $1,889,000 asking price for this 10,323 square foot medical office building.
  • Located at 541 W Main St, Lewisville, TX 75057, across from Medical City Lewisville.
  • NNN lease structure with rent increases built into the lease terms.
  • Currently 65% occupied, offering significant upside potential for increased NOI.
  • Strong pro-forma NOI of $170,000, representing a 9% cap rate.
  • 0.77-acre lot size in a high-growth area with a projected 20% population increase over the next five years.

Property Details for 541 Main St

Property type
Other retail properties, Other office properties
Square Feet
10,323 SF
Lot Size (sq. ft)
33,541 SF

Location Insight

City
Lewisville
County
Denton
State
Texas
Latitude
33.0467059
Longitude
-97.0057421
541 Main St, Lewisville, Texas

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541 Main St
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