$1,650,000

11500 State Highway 121 810, Frisco, TX 75035

  • 3,264 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 2020
  • Property Lot Size Icon5.87acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $506/sqft
  • Property List Date Icon Listed 2 months ago

Property Description

Exceptional Investment Property for Sale in Frisco. 11500 State Highway 121, Suite 810 offers a unique chance to invest in a net-leased medical condo in one of North Texas’s fastest-growing markets. This 3,264 square foot Medical Condo is leased to Lewis Pain & Physical Medicine, a trusted healthcare provider focused on interventional pain management. The tenant currently has 4 years remaining on their term, offering stable cash flow with minimal landlord obligations under a true NNN lease. Additionally, the tenant has expressed interest in exercising their lease extension at market rents in 2029. Positioned along State Highway 121, the property enjoys outstanding visibility, accessibility, and proximity to major retail, residential, and medical hubs. Currently leased well below market rates but still generating a 5.25% Cap Rate. Market Rates being at $32 PSF, this asset provides significant upside potential upon lease renewal in 2029. As demand for medical space in Frisco continues to grow, this property delivers both immediate income and long-term value appreciation.

Listing Status:
Active
Listing Office:
United Real Estate : 972-372-0590
Listing Agent:
Robert Alperin :
MLS ID:
20911799
  • Flooring: Ceramic Tile
  • A/C: Central AirElectric
  • Heating: CentralElectric

This listing courtesy of Robert Alperin, United Real Estate

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

B

Borchardt Elementary School

4300 Waskom Dr, Plano, TX, 75024

Grades KG-5

0.48 miles away

F

Fowler Middle School

3801 McDermott Rd, Plano, TX, 75025

Grades 6-8

0.89 miles away

L

Lebanon Trail High School

5151 Ohio Dr, Frisco, TX, 75035

Grades 9-11

1.46 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.