4090 Mapleshade Ln
Plano, TX 75093
Lumin Health Center · Office Property For Sale

The subject property is a 28,024 square foot single-tenant medical office building in Plano, Texas, leased to Star Medical Center, LLC. Star Medical Center is a licensed acute care hospital under the Lumin Health network. The lease is a brand new 15-year, absolute triple-net lease with a corporate guarantee. Two percent rent increases are scheduled annually, and the tenant has two, five-year options for renewal with two percent annual increases. Built in 2015, the building is situated on 2.2 acres of land. The subject property is located directly north of President George Bush Turnpike (PGBT) on Mapleshade Lane near the intersection with Coit Road. PGBT has high traffic counts of approximately 130,000 vehicles per day, and over 11,000 vehicles per day on Mapleshade Lane. The subject property is adjacent to Sam’s Club and across the street from Walmart Supercenter. Numerous other national and regional tenants neighbor the property, including Discount Tire, Sonic Drive-In, Taco Bell, BB&T, Steak ‘N Shake, Capital One Bank, Wells Fargo, Central Market, LA Fitness, Staybridge Suites, Subway, McDonald’s, Rosa’s Café, and more. Additionally, the subject property sits just south of the 110-acre Beacon Square master-planned community currently in development by the Billingsley Company. 86-acres of Beacon Square was recently rezoned to Urban Mix-Use to accommodate future residential, retail, and office space. The surrounding area has excellent demographics, with a five mile population exceeding 339,800 residents and an average household income of over $111,600 within three miles of the property.