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