Exchange Professional Medical Centre
Medical Office | Owner User | Allen (DFW) | 7,812 SqFt
Marketing description
Marcus & Millichap is pleased to present a value-add, multi-tenant investment opportunityin the highly desirable Allen submarket within the Dallas-Fort Worth metroplex. Theproperty is currently 69 percent occupied by two established medical tenants—Lone StarKids Care Pediatrics and Allen Always Smiles Orthodontics—providing essential, internet-resistant healthcare services with consistent patient demand.Exchange Professional Centre is strategically positioned within one of the most affluentand fastest-growing submarkets in North Dallas. The property benefits from exceptionaldemographics, with average household incomes exceeding $176,014 within a one-mileradius, and a highly educated, family-oriented population that continues to expand throughstrong in-migration and job growth across the DFW metroplex.INVESTMENT OVERVIEWEXCHANGE PROFESSIONAL CENTREALLEN, TX1256 W EXCHANGE PKWYExchange Professional Centre1256 W Exchange Pkwy, Allen, TX 75013 | 5
Investment highlights
VALUE-ADD ASSET WITH ESSENTIAL SERVICE TENANCYThis multi-tenant retail property offers a heavy value-add opportunity, with31% vacancy.CURRENT AVERAGE RENTS ARE WELL BELOW MARKETCurrently 69% occupied with in-place rents below market, providing a clearopportunity to increase occupancy and drive meaningful NOI growththrough lease-up and mark-to-market rent adjustmentsMEDICAL TENANTS WITH LONG-TERM COMMITMENTBoth current tenants are in the medical field, with Lone Star Kids CarePediatrics recently renewing for five years. Allen Always SmilesOrthodontics has more than four years remaining and lease includes annualrent increases.PROXIMITY TO MAJOR EMPLOYMENT & ECONOMICDRIVERSThe area is supported by a diverse employment base including Texas HealthPresbyterian Hospital, Experian, and financial/technology employers,driving daytime traffic and long-term economic stability.DYNAMIC DEMOGRAPHICSLocated in a high-growth area, the property benefits from dynamicdemographics. Nearby schools, the Stephen G. Terrell Recreation Center,and Collin College Technical Campus also contribute to the area's dailytraffic.HIGHLY AFFLUENT NORTH DALLAS SUBMARKETAllen ranks among the most desirable communities in Collin County. Theaverage household incomes exceeds $176,014 within a one-mile radius ofthe property; $154,699 within three miles; and $159,553 within five miles.
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