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33422182
33422189

5060 Tennyson Parkway, Plano, TX 75024

Wynmark
Wynmark
Listed by Wynmark
$11,259,920
1 day on market
Updated 1 day ago

PLATINUM DERMATOLOGY PARTNERS INVESTMENT SALE

Details
Property Type Office
Sub Type Medical Office
Square Footage 17,803
Net Rentable (SqFt) 17,803
Units 2
Cap Rate 6.00%
NOI $675,595
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 12.8
Lease Expiration 08/31/2035
Remaining Term 9
Rent Bumps Yes
Price per SqFt $632
Class B
Year Built 2020
Buildings 1
Zoning Commercial
Investment Type Net Lease
Lease Commencement 12/01/2022
Sale Condition For sale by owner

NNN Medical Investment Sale - Plano, TX (Best Submarket in DFW)

Marketing description

Plano is one of the most desirable cities in the Dallas-Fort Worth Metroplex, located about 20 miles north of Downtown Dallas. It has developed into the business center for North Texas over the past few decades, with a workforce profile that is based on major global headquarters.

The local economy spans technology, financial services, healthcare, telecommunications, and professional services. A number of large companies have headquarters in the area, including Toyota Motor North America, JPMorgan Chase, Liberty Mutual, Capital One, AT&T and FedEx Office, many of them concentrated in the Legacy area.

5060 Tennyson Parkway is located within the Legacy submarket, which has been one of the strongest corridors in the region. The area has direct access to the Dallas North Tollway and State Highway 121. Nearby amenities include Legacy West, The Shops at Legacy, Stonebriar Mall and now the Dallas Stars are moving to Plano as well.

The property is also situated within close proximity to a significant concentration of healthcare facilities. Children's Medical Center Plano and Texas Health Presbyterian Hospital Plano are both nearby anchors, along with Baylor Scott & White Medical Center - Plano at 4700 Alliance Boulevard, which offers a broad range of specialties. Medical City Plano is a full-service hospital with more than 1,800 physicians across over 70 specialties, including trauma care. The density of hospital systems and medical office users in the area makes it a natural fit for healthcare-related tenants and providers.

Plano has maintained stable demand for office space, supported by its demographic profile, continued population growth, and concentration of corporate employers. The city has continued to be in high demand for commercial real estate due to its infrastructure, proximity to major transportation routes, and long-standing appeal to businesses operating in the region.

Investment highlights

  • Cap Rate: 6.00%
  • NOI: $675,595 on 9/1/2026
  • Total Purchase Price: $11,259,920
  • Total Condo Unit Size: 17,803 SF
  • Year Built: 2020
  • 9 Years Remaining on lease terms for both suites
  • Located within the Legacy submarket with direct access to Dallas North Tollway and State Highway 121
  • Nearby amenities include Legacy West, The Shops at Legacy, Stonebriar Mall
  • Close proximity to major healthcare facilities including Children's Medical Center Plano and Texas Health Presbyterian Hospital Plano
  • Premier flagship practice within the Platinum Dermatology Partners network in Texas
  • Staffed by 5 board-certified physicians and 3 physician assistants
  • State-of-the-art dermatology practice with nearly 400 providers across more than 120 locations

Listing Contacts

Wynmark
Wynmark
Listed by Wynmark

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$675,595.00
$56,299.58/mo

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Additional Information

Name
Mark Pittman
License
9000664
Brokerage
Wynmark Commercial Real Estate Group, PLLC
Title
Broker of Record
Brokerage Address
16818 Dallas Parkway, Dallas, TX 75248
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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