1720 Fm 544The Colony, TX 75056

For Sale
$2,739,288

High-Yield NNN Lease Investment

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional Class A medical office building, totaling 3,860 square feet, presents a compelling net lease investment opportunity. Located at 1720 FM 544, The Colony, Texas 75056, within the prestigious Castle Hills master-planned community, this single-tenant property boasts a 100% occupancy rate with R3 Wound Care Hyperbarics as the tenant. The lease, an absolute NNN (Triple Net) agreement, features a remaining term of approximately 3.9 years, expiring October 1, 2028, and includes a favorable 3% annual rent increase. Built in 2017, this single-story building offers a strong net operating income (NOI) of $171,205, translating to a compelling 6.25% capitalization rate. The asking price is $2,739,288, representing a price per square foot of $709.66. The property's prime location within a Class A medical office park ensures high visibility and accessibility. This investment offers a stable, high-yield return with built-in growth potential, making it an ideal addition to any portfolio. The property features no ground lease and is a single unit building. The tenant has no credit rating.

Highlights

  • $2,739,288 asking price for a 3,860 SF medical office building.
  • Absolute NNN net lease with a 6.25% cap rate.
  • Located in The Colony, TX, in a Class A medical office park.
  • 100% occupancy with a remaining lease term of 3.9 years (expiring 10/1/2028).
  • $171,205 annual net operating income (NOI).

Property Details for 1720 Fm 544

Property type
Other office properties, Medical offices
Square Feet
3,860 SF
Year Built
2017
Buildings
1
Stories
1
Units
1

Location Insight

City
The Colony
County
Denton
State
Texas
Latitude
33.0458484
Longitude
-96.9190354
1720 Fm 544, The Colony, Texas

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1720 Fm 544
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