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Mesquite Medical Office Center - Phase One 610 N Town East Blvd 6,101 SF 100% Leased Office Building Mesquite, TX 75150 $1,925,000 ($315.52/SF) 7.07% Cap Rate
Investment Highlights
- 900+ Location National Anchor
- 3% Annual Escalations
- Established Location
- Stabilized Day-One Cash Flow
- Two Decades of Co-Tenancy Stability
Executive Summary
Partners is pleased to offer for sale 610 N Town East Blvd — a 100%-leased, two-tenant net-leased asset anchored by MyEyeDr., a national optometry platform of approximately 900 locations.
MyEyeDr. has just exercised its renewal option, locking in another five years of term. The second suite is occupied by an independent wealth-management firm that has been in the building since 2006 — a deeply rooted local credit with two decades of payment history at this address.
MyEyeDr. has just exercised its renewal option, locking in another five years of term. The second suite is occupied by an independent wealth-management firm that has been in the building since 2006 — a deeply rooted local credit with two decades of payment history at this address.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
6,101 SF
Building Class
B
Year Built
2004
Price
$1,925,000
Price Per SF
$315.52
Cap Rate
7.07%
NOI
$136,098
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
6,101 SF
Building FAR
0.05
Lot Size
2.87 AC
Zoning
Conditional Use
Parking
56 Spaces (9.18 Spaces per 1,000 SF Leased)
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 65033955010070000 | Improvements Assessment | $1,199,830 |
| Land Assessment | $500,170 | Total Assessment | $1,700,000 |
Property Taxes
Parcel Number
65033955010070000
Land Assessment
$500,170
Improvements Assessment
$1,199,830
Total Assessment
$1,700,000
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Mesquite Medical Office Center - Phase One | 610 N Town East Blvd
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