1080 E Cartwright Rd
Mesquite, TX 75149
Long-Term Corporate ER | 9% Cap | Dallas MSA · Office Property For Sale

PROPERTY -Attractive E-Commerce Resistant Medical Tenants – 3 Tenant building -NNN Lease - Minimal landlord responsibilities. Landlord is only responsible for roof/structure -This is a brand new 2016 build-to-suit development CODE 3 ER & UC -Code 3 ER currently occupies 7,978 SF out of a 12,403 SF building -Brand new 15-year development with 12 years left on base term – Perfect for someone looking to invest in a long-term deal -Two 5-year options to extend, 10 years of lease term in the option periods -Annual Rental Increases – 3% increases provide investors with the ability to keep up with the rate of inflation -Lease has a personal guarantee of 9 ER physicians who are also partners in the entity – All currently work on site CORPORATE GUARANTEE -Code 3 currently has 7 operational facilities (Las Vegas Airport, DFW Airport, Carrolton, Mesquite, McKinney, Rockport and Denton) -Morgan Stanley Backed – Morgan Stanley has injected $25,000,000 into the company for future projects. This is a sign of confidence from one of the largest investment banks in the country TRUECARE DENTISTRY -TrueCare occupies 2,000 SF out of a 12,403 SF building -TrueCare has 10-years left on base term which began June 1st, 2018 -There are two 5-five-year options to extend – 10 years of lease term in the option periods -Rental Increases – Rent is raised $1/SF in years 3, 4 and 7 -Guarantor – These dentists have strong financials and have been successful in previously running multiple dental offices SHELL SPACE -Potential for buyer to collect extra rent – 2,425 SF shell space available for buyer to lease out in the future adding to overall NOI -Triple Net (NNN) Costs Covered – All NNN costs are covered by Code 3 until space is leased out