See all 5 photos

$1,650,000

Est. payment - /mo

3,264 SqFt

Active

11500 State Highway 121 #810 Frisco, TX 75035

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Ryan Smith

HOMESTEAD AND RANCH REAL ESTATE

ryan@homesteadandranch.com +1(512) 466-1460

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Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

Square Footage 3,264 sqft

Price per Sqft $505

Subdivision 121 Huffman Medical Park Condo

MLS Listing ID 20911799

HOA Y/N No

Year Built 2020

Annual Tax Amount $21,414

Lot Size 5.868 Acres

Acres 5.868

Property Sub-Type Office

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.

Location

State TX

County Collin

Zoning CC

Direction See Google Maps

Interior

Heating Central, Electric

Cooling Central Air, Electric

Flooring Ceramic Tile

Inclusions Building Only

Fireplace No

Exterior

Parking Features Common

Utilities Available Sewer Available, Water Available

Water Access Desc Public

Roof Type Slate,Tile

Building

Story 1

Foundation Slab

Sewer Public Sewer

Water Public

Others

Tax ID R1200880008101

Security Features Fire Alarm,Fire Sprinkler System

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