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31186404

McKinney St, Melissa, TX 75454

JS
CA 02074212
CrownPoint Partners
DB
CA 02108110
CrownPoint Partners
Listed by CrownPoint Partners
$3,645,000
79 days on market
Updated 79 days ago

THE NEIGHBORHOOD CLINIC · Dallas MSA

Details
Property Type Office
Sub Type Medical Office
Square Footage 3,560
Net Rentable (SqFt) 3,560
Cap Rate 8%
NOI $291,645
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 30
Remaining Term 30
Rent Bumps Yes
Lease Options 2x 5 Year
Price per SqFt $1,024
Broker Co-Op Yes
Class A
Year Built 1994
Year Renovated 2026
Acreage 1.010
Investment Type Net Lease
Tenant Credit Corporate Guarantee

Fully Guaranteed by The Neighborhood Clinic Corporate Entity Backed by a $65 Million Endowment

Marketing description

• 30 Year Absolute Net Lease Offers Predictable Cash Flow

• Forward Sale / Under Construction Opportunity

• Fully Guaranteed by The Neighborhood Clinic Corporate Entity Backed by a $65 Million Endowment

• Purpose-Built 3,400 SF Medical Office Building Designed for Comprehensive Healthcare Delivery

• Tenant Provides Primary Care, Regenerative Medicine, and Behavioral Health Services Under an Integrated Care Model

• No Landlord Responsibilities and Potential Tax Advantages, Including Opportunities for Accelerated Depreciation

• Ideal For Private Investors Or 1031 Exchange Buyers Seeking A Manageable, Income-Producing Healthcare Asset With Strong Credit Tenancy

• Located Near Major Retail Anchors and New Economic Drivers Including Texas Instruments Supporting Long-Term Tenant Demand and Growth

Listing Contacts

JS
CA 02074212
CrownPoint Partners
DB
CA 02108110
CrownPoint Partners
Listed by CrownPoint Partners

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$291,645.00
$24,303.75/mo

Valuation Metrics

0
DSCR
8%
Cap Rate
8%
ROI

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