Main Professional Building | 541 W Main St
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Main Professional Building 541 W Main St
10,554 SF 66% Leased Office Building Lewisville, TX 75057 $2,732,438 CAD ($259 CAD/SF) 5.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Located directly across from Medical City Lewisville
- 5.25% CAP on existing income with upside to lease remaining space
- 20% population growth last 5 years and projected 20% growth next 5 years
- Attractively priced at $182 per square foot, 65% leased
- Established tenant base: UT Southwestern Medical and Star Pediatric Group
EXECUTIVE SUMMARY
Upside development opportunity: Sought after medical office opportunity in Dallas/Fort Worth. Fronts Main Street in the the fast growing DFW suburb of Lewisville. Sits directly across from Medical City Lewisville. 20% growth last 5 years and projected next 5 years.
Attractively priced at $182 per square foot
Medical City Lewisville is a full-service, acute care hospital licensed for 186 beds. Serving the Lewisville, Flower Mound, Castle Hills and southern Denton County communities since 1976, Medical City Lewisville is a Level III Trauma Center, Level III NICU, Level II Maternal Center, Primary Stroke Center and Mag-net
The population in a one mile radius exceeds 14,700 people, with an average income of $79,000. The im-mediate area experienced 20% population growth over the last 5 years, with expected growth of 20%over next 5 years.
Triple net lease leases (including management fees), with rent increases in primary terms and options
65% leased, Upside to lease remaining space
Attractively priced at $182 per square foot
Medical City Lewisville is a full-service, acute care hospital licensed for 186 beds. Serving the Lewisville, Flower Mound, Castle Hills and southern Denton County communities since 1976, Medical City Lewisville is a Level III Trauma Center, Level III NICU, Level II Maternal Center, Primary Stroke Center and Mag-net
The population in a one mile radius exceeds 14,700 people, with an average income of $79,000. The im-mediate area experienced 20% population growth over the last 5 years, with expected growth of 20%over next 5 years.
Triple net lease leases (including management fees), with rent increases in primary terms and options
65% leased, Upside to lease remaining space
PROPERTY FACTS Under Contract
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
10,554 SF
Building Class
C
Year Built
1985
Price
$2,732,438 CAD
Price Per SF
$259 CAD
Cap Rate
5.25%
NOI
$143,477 CAD
Percent Leased
66%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
10,554 SF
Building FAR
0.32
Lot Size
0.75 AC
Opportunity Zone
Yes
Zoning
O2 - Office
Parking
40 Spaces (3.79 Spaces per 1,000 SF Leased)
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
2nd gen medical space across from Medical City Lewisville 2 exam rooms, 2 offices, reception, lab/nurse station, waiting room, 2 restrooms. Available immediately
1,400 SF available for pharmacy and/or office use.
800 SF former laboratory available
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 101 | 1,413 SF | Medical | - | Now |
| 1st Fl-Ste 140 G/H | 1,400 SF | Office/Medical | - | Now |
| 1st Fl-Ste 160 | 800 SF | Office/Medical | - | Now |
1st Fl-Ste 101
| Size |
| 1,413 SF |
| Space Use |
| Medical |
| Condition |
| - |
| Available |
| Now |
1st Fl-Ste 140 G/H
| Size |
| 1,400 SF |
| Space Use |
| Office/Medical |
| Condition |
| - |
| Available |
| Now |
1st Fl-Ste 160
| Size |
| 800 SF |
| Space Use |
| Office/Medical |
| Condition |
| - |
| Available |
| Now |
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STREET
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1st Fl-Ste 101
| Size | 1,413 SF |
| Space Use | Medical |
| Condition | - |
| Available | Now |
2nd gen medical space across from Medical City Lewisville 2 exam rooms, 2 offices, reception, lab/nurse station, waiting room, 2 restrooms. Available immediately
1 of 8
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1st Fl-Ste 140 G/H
| Size | 1,400 SF |
| Space Use | Office/Medical |
| Condition | - |
| Available | Now |
1,400 SF available for pharmacy and/or office use.
1 of 5
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3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1st Fl-Ste 160
| Size | 800 SF |
| Space Use | Office/Medical |
| Condition | - |
| Available | Now |
800 SF former laboratory available
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PROPERTY TAXES
| Parcel Number | R12499 | Improvements Assessment | $93,514 CAD |
| Land Assessment | $278,954 CAD | Total Assessment | $372,468 CAD |
PROPERTY TAXES
Parcel Number
R12499
Land Assessment
$278,954 CAD
Improvements Assessment
$93,514 CAD
Total Assessment
$372,468 CAD
1 of 26
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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Main Professional Building | 541 W Main St
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