541 Main StLewisville, TX 75057

This 10,323 square foot medical office building presents a compelling value-add investment opportunity in the thriving Lewisville, Texas market. Located at 541 W Main St, this multi-tenant property boasts a prime location directly across from Medical City Lewisville, a full-service, 186-bed acute care hospital. Built in 1985, the building sits on a 0.75-acre lot and is currently 65% occupied, offering significant upside potential for increased rental income. The property features a triple net lease structure (NNN), including management fees, with built-in rent increases. The asking price is $2,130,000, representing an attractive price per square foot of $206.34. The current NOI is $99,189, with a pro-forma NOI of $173,881, reflecting a current cap rate of 4.66% and a pro-forma cap rate of 8.16%. The strong demographics of the area, with a population exceeding 14,700 within a one-mile radius and an average income of $79,000, coupled with a 20% population growth over the last five years and projected 20% growth over the next five years, make this a highly desirable investment. Lease options are available upon request. This property offers long-term redevelopment potential and is a sought-after medical office opportunity in the Dallas/Fort Worth area.