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255 W Lebanon - Building 3 5,110 SF Office Condo Unit Offered at $2,522,500 in Frisco, TX 75036
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Cap Rate | 6.60% |
| Sale Type | Investment |
| Cap Rate | 6.60% |
Description
**** DO NOT CONTACT OR DISTURB THE TENANT ****
Sale Notes
**** DO NOT CONTACT OR DISTURB THE TENANT ****
Tenant just started their 2nd 5 year term and has an option for 2 more extensions at a market rate
No Landlord Responsibilities.
Annual 2.5% rent increases.
One of the most affluent and highest growth area of DFW Metroplex with a lot of young families
5 years remaining on lease term.
Tenant occupies two condo suites.
Behavioral Innovations (4,000 SF) and Cooks Children (2,998 SF) serve as complementary co-tenants and referral sources for Monkey Mouths.
Tenant just started their 2nd 5 year term and has an option for 2 more extensions at a market rate
No Landlord Responsibilities.
Annual 2.5% rent increases.
One of the most affluent and highest growth area of DFW Metroplex with a lot of young families
5 years remaining on lease term.
Tenant occupies two condo suites.
Behavioral Innovations (4,000 SF) and Cooks Children (2,998 SF) serve as complementary co-tenants and referral sources for Monkey Mouths.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 312-316 | 5,110 SF | Office | $2,522,500 ($493.64/SF) | $166,485 |
Unit 312-316
| Unit Size |
| 5,110 SF |
| Condo Use |
| Office |
| Price |
| $2,522,500 ($493.64/SF) |
| NOI |
| $166,485 |
1 of 1
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Unit 312-316
| Unit Size | 5,110 SF |
| Condo Use | Office |
| Price | $2,522,500 ($493.64/SF) |
| NOI | $166,485 |
| Sale Type | Investment |
| Cap Rate | 6.60% |
| Description | |
| **** DO NOT CONTACT OR DISTURB THE TENANT ****</li></ul> | |
| Sale Notes | |
| **** DO NOT CONTACT OR DISTURB THE TENANT ****<br> Tenant just started their 2nd 5 year term and has an option for 2 more extensions at a market rate<br> No Landlord Responsibilities.<br> Annual 2.5% rent increases.<br> One of the most affluent and highest growth area of DFW Metroplex with a lot of young families<br> 5 years remaining on lease term.<br> Tenant occupies two condo suites.<br> Behavioral Innovations (4,000 SF) and Cooks Children (2,998 SF) serve as complementary co-tenants and referral sources for Monkey Mouths.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 16,442 SF | Typical Floor Size | 16,442 SF |
| Property Type | Office (Condo) | Year Built | 2019 |
| Property Subtype | Medical | Lot Size | 4.79 AC |
| Building Class | B | Parking Ratio | 0.57/1,000 SF |
| Floors | 1 | ||
| Zoning | Commercial - Professional Office / Medical / Dental Uses | ||
| Total Building Size | 16,442 SF |
| Property Type | Office (Condo) |
| Property Subtype | Medical |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 16,442 SF |
| Year Built | 2019 |
| Lot Size | 4.79 AC |
| Parking Ratio | 0.57/1,000 SF |
| Zoning | Commercial - Professional Office / Medical / Dental Uses |
Amenities
- 24 Hour Access
- Signage
- Kitchen
- Central Heating
- High Ceilings
- Natural Light
- Reception
- Recessed Lighting
- Air Conditioning
Fairly walkable
50/100
Exceptionally drivable
90/100
Fairly bikeable
50/100
NNN Tenant Information
| TENANT | SF Occupied | LEASE END DATE |
|---|---|---|
| Monkey Mouths |
5,036 SF
|
February 2031
|
| Lopez Chiropractic |
-
|
December 2024
|
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Street View
Street
Map
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255 W Lebanon - Building 3
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