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$ 1,650,000
Est. payment | /mo
5.87 Acres Lot
$ 1,650,000
Est. payment | /mo
5.87 Acres Lot
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Subdivision 121 Huffman Medical Park Condo
MLS Listing ID 20911799
Total Fin. Sqft 3264
Year Built 2020
Annual Tax Amount $21,414
Lot Size 5.868 Acres
Acres 5.868
Property Sub-Type Office
Property Description
Exceptional Investment Property for Sale in Frisco. 11500 State Highway 121, Suite 810 offers a unique chance to invest in a net-leased medical condo in one of North Texas's fastest-growing markets. This 3,264 square foot Medical Condo is leased to Lewis Pain & Physical Medicine, a trusted healthcare provider focused on interventional pain management. The tenant currently has 4 years remaining on their term, offering stable cash flow with minimal landlord obligations under a true NNN lease. Additionally, the tenant has expressed interest in exercising their lease extension at market rents in 2029. Positioned along State Highway 121, the property enjoys outstanding visibility, accessibility, and proximity to major retail, residential, and medical hubs. Currently leased well below market rates but still generating a 5.25% Cap Rate. Market Rates being at $32 PSF, this asset provides significant upside potential upon lease renewal in 2029. As demand for medical space in Frisco continues to grow, this property delivers both immediate income and long-term value appreciation.
Location
State TX
County Collin
Zoning CC
Direction See Google Maps
Interior
Heating Central, Electric
Cooling Central Air, Electric
Flooring Ceramic Tile
Heat Source Central, Electric
Exterior
Utilities Available City Sewer, City Water
Roof Type Slate,Tile
Garage No
Building
Foundation Slab
Structure Type Rock/Stone
Others
Ownership See Taxes
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/20911799
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Listed by Robert Alperin • United Real Estate
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Cathy Waters
REALTOR® | Lic# 577366