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Lone Star Crossing 5800 Coit Rd 35,488 SF 100% Leased Office Building Plano, TX 75023 $15,069,766 ($424.64/SF) 6.50% Cap Rate
Investment Highlights
- Elite Medical Tenancy - Long-standing providers with recently upgraded interiors represent the top tier of practitioners in the North Dallas submarket
- Affluent Demographics - Located in the upper end residential neighborhood where home values range from $1.5M-$7M
- Rapid Growth & Regional Dominance - Located in the nation’s 4th largest MSA, the property serves a vast population of 1.2 million in a 10-mile radius
- Passive Income & Growth - The asset is secured by Triple Net (NNN) leases featuring annual 2% rent escalations and an attractive 6.0-year WALT
- Exceptional Visibility & Accessibility - Fronting Coit Road with traffic volumes exceeding 38,000 VPD
- Institutional-Quality Asset with Upside - A highly functional, best-in-class design, with very limited submarket competition
Executive Summary
Lone Star Crossing is one of the largest oral health facilities in Texas, containing eight specialized dental practices. Anchored by an elite, Top 20-ranked dental practice with a multi-decade track record, the property features a high-caliber tenant mix that defines the standard for healthcare services in the North Dallas corridor. Currently 100% occupied, the asset offers a diversified income stream with a six-year weighted average lease term remaining. The NNN lease structure minimizes landlord responsibilities, while annual 2% rent escalations provide a built-in hedge against inflation and predictable Net Operating Income growth. Located in a non-income tax state, the property sits in the heart of a robust healthcare submarket that attracts top-tier professional talent and high-net-worth residents, solidifying its status as a core-plus investment.
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Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Medical
Building Size
35,488 SF
Building Class
B
Year Built
2000
Price
$15,069,766
Price Per SF
$424.64
Cap Rate
6.50%
NOI
$979,535
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
35,488 SF
Building FAR
0.27
Lot Size
3.02 AC
Zoning
0-M
Parking
171 Spaces (4.82 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
Property Taxes
| Parcel Number | R-3878-001-0010-1 | Improvements Assessment | $5,615,572 |
| Land Assessment | $1,974,771 | Total Assessment | $7,590,343 |
Property Taxes
Parcel Number
R-3878-001-0010-1
Land Assessment
$1,974,771
Improvements Assessment
$5,615,572
Total Assessment
$7,590,343
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Lone Star Crossing | 5800 Coit Rd
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