1850 Lakepointe DrLewisville, TX 75057

For Sale
Call for price

100% Occupied Medical Office Building

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a fully occupied, single-story medical office building totaling 21,664 net rentable square feet. Located at 1850 Lakepointe Dr, Lewisville, TX 75057, this fee-simple property boasts five units within one building, constructed in 2001 on a 2-acre lot (APN: R237509). The property enjoys a 100% occupancy rate with a weighted average lease term of 6.74 years, providing stable, passive income. Key tenants include SEVA Med Care, North Dallas Eye Associates, Pecan Pharmacy, and Symetria. SEVA Med Care's long-term, net-net-net (NNN) lease enhances the investment's security and cash flow potential. This stabilized investment is strategically situated in the Dallas-Fort Worth metropolitan area, directly off Interstate 35, benefiting from high traffic counts exceeding 200,000 vehicles per day. Its proximity to Lewisville Regional Hospital and Carrollton Regional Medical Center (within 4 miles) further enhances its desirability. The property is located in Lewisville, a major city in Denton County, with a population exceeding 230,000 within a five-mile radius, ensuring a robust and growing market. This presents a unique chance to acquire a thriving medical office building in a prime location within the dynamic Dallas-Fort Worth region.

Highlights

  • 21,664 square foot multi-tenant medical office building, 100% occupied, 6.74-year weighted average lease term (WALT).
  • Tenants include SEVA Med Care, North Dallas Eye Associates, Pecan Pharmacy, and Symetria.
  • SEVA Med Care's long-term NNN lease provides strong, passive income.
  • Excellent location in the Dallas-Fort Worth metroplex, directly off I-35 with over 200,000 vehicles per day (VPD).
  • Four miles from Lewisville Regional and Carrollton Regional Medical Centers.
  • Located in Lewisville, TX, a major Denton County city with over 230,000 residents within a five-mile radius.

Property Details for 1850 Lakepointe Dr

Property type
Other office properties, Medical offices
Year Built
2001
Buildings
1
Stories
1
Lot Size (sq. ft)
87,120 SF
Units
5

Location Insight

City
Lewisville
County
Denton
State
Texas
Latitude
33.0174761
Longitude
-96.9792862
1850 Lakepointe Dr, Lewisville, Texas

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1850 Lakepointe Dr
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