Asset Type: Real Estate
Estate: Leasehold
Year Built: 1985
Land Area: 0.71 Acres
Property Type: Office
Occupancy %: 100
Year Renovated: 2022
Property Size: 12,579 SF
Investment Highlights
- Approximate NOI: $280,000
- 100% leased medical office investment with four healthcare tenants
- Secured by four NNN leases providing stabilized income
- Located less than one mile from Hunt Regional Medical Center which boasts over 200 beds
- Strategically located north of the signalized intersection at Wesley Street and Joe Ramsey Boulevard
- Renovated in 2022 with established medical office occupancy
- Financial information available upon request and signed confidentiality agreement
4-Tenant Medical Office NNN Investment
4801-4805 Wesley St offers an exceptional real estate acquisition opportunity in the rapidly expanding healthcare sector of North Texas, featuring a 12,579 SF single-story medical office building positioned on 0.707 Net Acres at the high-traffic intersection of Wesley Street and Joe Ramsey Boulevard. Built in 1985 and comprehensively renovated in 2022, this fully stabilized asset delivers secure, predictable cash flow as it is 100% occupied under NNN leases by four prominent medical tenants: Texas Health Resources, Athletico Physical Therapy, Lake Pointe Spine and Pain Management, and North Star Diagnostic Imaging. The property generates an approximate Net Operating Income (NOI) of $280,000 and is strategically integrated into Greenville’s primary medical ecosystem, situated less than one mile from the 201-bed Hunt Regional Medical Center. Commanding exceptional exposure with daily traffic counts reaching 28,013 VPD on Joe Ramsey Blvd, the asset benefits from robust retail synergy right next to Super 1 Foods and Walmart Neighborhood Market, excellent accessibility just 30 minutes from Downtown Dallas via I-30, and favorable local demographics featuring an average household income exceeding $101,900 within a 5-mile radius.
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