14008 SHADOWGLEN BLVD Manor TX 78653-3396

Northmarq is pleased to exclusively offer the opportunity to acquire the fee simple interest in a 34,602-square-foot, multi-tenant medical outpatient building located in Manor, TX (Austin MSA). The Property is currently 95.6% occupied and contains tenants offering services such as: Behavioral Health Therapy, Pharmacy, Urgent Care, Dermatology, Dental, OB/GYN, and Women's Health services, providing a synergistic existing medical tenant mix. The Subject Property is subject to a NNN lease structure. Each tenant has varying annual rental escalations and renewal options available. The Subject Property currently has a weighted average lease term ("WALT") of 4.2 years.

Within a 10-mile radius of the Subject Property, the occupancy rate for medical office buildings is 94.3%, which is 2% greater than the national average. This displays a tight leasing market and strong tenant retention. This strong occupancy rate is largely due to the immense population and economic growth that Manor, TX is currently undergoing.

The Subject Property benefits greatly from the affluent Austin MSA, which is the 4th largest in the state of Texas and is home to more than 2.55 million residents. Furthermore, the Subject Property is strategically located directly off of US Hwy 290, the main thoroughfare connecting Manor and Austin, and provides excellent visibility and easy access to all 52,000 vehicles that drive past the Subject Property daily. Several major new developments are underway, all within a couple miles of the Subject Property. The most recent construction project is a brand-new, 68-acre commercial development, Manor Crossing, which will consist of a mix of retail, restaurants, entertainment, and 600 luxury townhomes/apartments.

Synergistic Medical Tenant Mix

Located in One of the Fastest Growing Cities in the U.S.

High Demand for Medical Services in the Market

Anchored by Leading Behavioral Health Provider

Affluent Austin, TX Metro Location

Strategically Located Near Major Developments

Well Below Replacement Cost

Class A Medical Outpatient Facility

NNN Lease Structures with Limited LL Responsibilities

Income Tax-Free State