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2-Tenant Medical Building 6785 Horizon Rd 18,400 SF 100% Leased 4-Star Office Building Heath, TX 75032 $10,733,000 ($583.32/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- New custom-designed Class A medical office building featuring modern fixtures and an efficient, purpose-built layout
- Sandknop Health Group, founded in 1978, has decades of patient loyalty and relocated to this custom-built facility from their prior office
- Both practices are affiliated with Southwestern Health Resources, one of the strongest healthcare networks in Texas
- 100% leased to two tenants, each under brand-new 10-year NNN lease agreements with four (4) 5-year renewal options | Leases feature 3% rent increases
- Connected Cardiovascular Care is a top-rated cardiology practice lead by a nationally recognized specialist who has practiced in Dallas since 1996
- Heavy medical infrastructure including CT scanner and other advanced diagnostic equipment, underscoring the tenant’s long-term investment in the site
EXECUTIVE SUMMARY
• Scheduled for completion in 2025, the property will be a newly constructed, Class A medical office building featuring modern fixtures and an efficient, purpose-built layout, offering long-term ownership appeal
• New construction minimizes near-term maintenance costs and avoids the capital-intensive upgrades often required with older assets, delivering operational efficiency and reduced ownership risk
• The property is 100% leased to two tenants, each under brand-new 10-year lease agreements with four (4) 5-year renewal options
• Leases include scheduled 3% annual rent increases, driving NOI growth and providing a reliable hedge against inflation
• New construction minimizes near-term maintenance costs and avoids the capital-intensive upgrades often required with older assets, delivering operational efficiency and reduced ownership risk
• The property is 100% leased to two tenants, each under brand-new 10-year lease agreements with four (4) 5-year renewal options
• Leases include scheduled 3% annual rent increases, driving NOI growth and providing a reliable hedge against inflation
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
18,400 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2025
Price
$10,733,000
Price Per SF
$583.32
Cap Rate
6%
NOI
$644,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
18,400 SF
Building FAR
0.18
Lot Size
2.38 AC
Zoning
LR - Local Retail
Parking
130 Spaces (7.07 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
- Air Conditioning
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PROPERTY TAXES
| Parcel Number | 71055 | Improvements Assessment | $0 |
| Land Assessment | $367,106 | Total Assessment | $367,106 |
PROPERTY TAXES
Parcel Number
71055
Land Assessment
$367,106
Improvements Assessment
$0
Total Assessment
$367,106
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2-Tenant Medical Building | 6785 Horizon Rd
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