1101 Ohio Dr
Plano, TX 75093
Retail Property For Sale

1101 Ohio Drive - Medical District Shopping Center Cushman & Wakefield' s Texas Retail Advisors are please to present Medical District Shopping Center (the Property ), a 39,000 square foot strip center located in a high growth and income area of West Plano, Texas. The Property sits directly adjacent to one of Baylor Scott & White' s largest regional hospitals which is rapidly expanding with a new Heart Hospital. The high traffic area around the center is quickly developing with several new projects currently under construction or announced, including Billingsley' s Beacon Square, a 110 acre mixed-use master planned community. Once fully built out, Beacon Square will consist of over 2 million sf of residential, office and retail. Additionally, My Possibilities University recently announced a new $50 million facility across the street from the Property. The Property was originally built in 2002 as a showroom/warehouse and service-oriented center consisting of one building with rear rollup doors on 2.6 acres. Currently 100% occupied, the Property has enjoyed a stable history of occupancy and cash flows and has begun to evolve into more of a retail and medical destination. Further, the West Plano submarket demands some of the highest retail rents in North Texas, in some cases far exceeding $30 psf, however due to the original tenant mix the Property' s average rents are only $13.92 psf. Medical District Shopping Center affords investors the unique opportunity to acquire a high quality, stable asset, with significant upside potential, in one of the fastest growing markets in the United States. The immediate adjacency to the Baylor Regional Hospital and the high demand for medical space provides an excellent opportunity for investors to add value by pushing rents and improving the tenant mix with higher paying medical users.