Multi-Tenant Medical Office | Rowlett, TX

For Sale

Multi-Tenant Medical Office | Rowlett, TX

Asking Price: $5,980,000 | Cap Rate: 5.65%

• Net Operating Income: $338,141
• Weighted Avg. Lease Term (WALT): 4.3 Years
• Lease Type: Net

Property Highlights

• The asset is over 70% occupied by credit rated tenants: Baylor Scott & White (Aa3) and LabCorp (Baa2)
• All four tenants have renewed their leases within the last 12 months
• The property is priced well below replacement cost and offers stable in-place cash flow with below market rents
• Baylor Scott & White has invested significant capital into upgrading their suite and have also recently exercised a 5-year extension showing commitment to the site