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450 Hawkins Run 4,000 SF Office Building Midlothian, TX 76065 $395,000 ($98.75/SF) 7.59% Cap Rate



EXECUTIVE SUMMARY
Discover a prime, income-producing asset in the rapidly expanding Midlothian medical corridor. This 1,000 SF medical office condo is leased to a healthcare tenant under a new five-year NNN lease beginning January 2026, providing a stable and predictable income stream with minimal landlord responsibilities.
Strategically positioned along Hawkins Run Drive, just off U.S. Highway 287, the property benefits from strong daily traffic counts, excellent visibility, and proximity to major national retailers, restaurants, and the growing residential population fueling the city’s medical and professional services demand.
Investment Highlights:
-New 5-Year NNN Lease commencing January 2026
-Medical Tenant – Long-term, service-based use ensuring steady occupancy
-Strong Traffic & Demographics in one of Ellis County’s fastest-growing submarkets
-Minimal Landlord Responsibilities under true NNN structure
-Surrounded by complementary medical and professional offices
This offering presents a turnkey investment opportunity for buyers seeking stable income, asset-backed security, and exposure to the thriving DFW South corridor.
Strategically positioned along Hawkins Run Drive, just off U.S. Highway 287, the property benefits from strong daily traffic counts, excellent visibility, and proximity to major national retailers, restaurants, and the growing residential population fueling the city’s medical and professional services demand.
Investment Highlights:
-New 5-Year NNN Lease commencing January 2026
-Medical Tenant – Long-term, service-based use ensuring steady occupancy
-Strong Traffic & Demographics in one of Ellis County’s fastest-growing submarkets
-Minimal Landlord Responsibilities under true NNN structure
-Surrounded by complementary medical and professional offices
This offering presents a turnkey investment opportunity for buyers seeking stable income, asset-backed security, and exposure to the thriving DFW South corridor.
PROPERTY FACTS Under Contract
Sale Type
Investment
Sale Condition
High Vacancy Property
Property Type
Office
Property Subtype
Medical
Building Size
4,000 SF
Building Class
B
Year Built
2021
Price
$395,000
Price Per SF
$98.75
Cap Rate
7.59%
NOI
$30,000
Tenancy
Single
Building Height
1 Story
Typical Floor Size
1,000 SF
Building FAR
0.02
Lot Size
4.87 AC
Zoning
Commercial - Medical, Office, & Community Retail (must be appropriate for children).
Parking
64 Spaces (64 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Kitchen
- Central Heating
- High Ceilings
- Partitioned Offices
- Recessed Lighting
- Monument Signage
- Air Conditioning
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Presented by
Shallcross Real Estate
450 Hawkins Run
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