Frisco, TX 75035 11500 State Highway 121 # 810
$1,650,000



0 more

Presented By: Robert Alperin with United Real Estate; 469-987-4250
Home Details
Exceptional Investment Property for Sale in Frisco. 11500 State Highway 121, Suite 810 offers a unique chance to invest in a net-leased medical condo in one of North Texas’s fastest-growing markets. This 3,264 square foot Medical Condo is leased to Lewis Pain & Physical Medicine, a trusted healthcare provider focused on interventional pain management. The tenant currently has 4 years remaining on their term, offering stable cash flow with minimal landlord obligations under a true NNN lease. Additionally, the tenant has expressed interest in exercising their lease extension at market rents in 2029. Positioned along State Highway 121, the property enjoys outstanding visibility, accessibility, and proximity to major retail, residential, and medical hubs. Currently leased well below market rates but still generating a 5.25% Cap Rate. Market Rates being at $32 PSF, this asset provides significant upside potential upon lease renewal in 2029. As demand for medical space in Frisco continues to grow, this property delivers both immediate income and long-term value appreciation.
Presented By: Robert Alperin with United Real Estate; 469-987-4250
Interior Features for 11500 State Highway 121 # 810
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Fireplace Y/NNo
FlooringCeramicTile
Heating Y/NYes
Total Stories1
General for 11500 State Highway 121 # 810
Additional Parcels Y/NNo
Attached Garage No
AttributionContact469-987-4250
Business TypeMedical
Carport Y/NNo
CityFrisco
Construction MaterialsRock, Stone
CoolingCentralAir, Electric
CountyCollin
DirectionsSee Google Maps
Electric On Property Y/NNo
Garage Y/NNo
Gross Income1.0
HOANo
HeatingCentral, Electric
Home Warranty Y/NNo
Land Lease Y/NNo
Leasable Area3264.0
Lease Considered Y/NNo
Lease Renewal Y/NNo
Legal Description121 HUFFMAN MEDICAL PARK CONDO (CFR), BLDG 80
Lot Size Square Feet255610.08
Lot Size UnitsAcres
MobileHomeRemainsYNNo
ModificationTimestamp2025-04-30T18:51:33.350-00:00
Net Operating Income86496.0
New ConstructionNo
Number Of Units Total1
Occupancy TypeVacant
PossessionCloseOfEscrow, SubjectToTenantRights
Possible UseMedicalDental, Office
Property Attached Y/NNo
Property Sub Type AdditionalOffice
Property SubtypeOffice
Property TypeCommercialSale
Rent Control Y/NNo
RoofSlate, Tile
Security FeaturesFireAlarm, FireSprinklerSystem
Senior Community Y/NNo
SewerPublicSewer
Standard StatusActive
StatusActive
Subdivision Name121 Huffman Medical Park Condo
Tax Annual Amount21414.0
Tenant PaysAllUtilities
Unit Number810
UtilitiesSewerAvailable, WaterAvailable
Virtual TourClick here
Waterfront Y/NNo
Year Built2020
Year Built DetailsNew Construction - Complete
Zoning DescriptionCC
Exterior for 11500 State Highway 121 # 810
Building Area Total3264.0
Crops Included Y/NNo
Foundation DetailsSlab
Horse Y/NNo
InclusionsBuilding Only
Irrigation Water Rights Y/NNo
Lot Size Acres5.868
Lot Size Area5.868
Lot Size SourceAssessor
Open Parking Y/NNo
Parking FeaturesCommon
SpaNo
Water SourcePublic
Additional Details
Price History

Rodney Edwards
Associate Broker