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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