14008 Shadow Glen Blvd, Manor, TX 78653

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.