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Investment Highlights
- 100% leased to Texas Health Resources under a long-term lease structure.
- Located within six miles of two major hospitals, ensuring strong medical demand in the surrounding trade area.
- Situated in a densely populated, medically active corridor near established residential neighborhoods and retail anchors.
- Positioned just west of E. Belt Line and N. Plano Road, offering robust visibility and traffic counts of over 30,000 VPD.
- Convenient access to US Highway 75, George Bush Turnpike, and Interstate 635, providing regional connectivity.
- Features a well-designed medical layout with multiple exam rooms and functional floor plans to support efficient healthcare operations.
Executive Summary
This medical office investment opportunity features a 9,200-square-foot building situated on nearly 34,000 square feet of land in Richardson, Texas. The asset is 100% leased to Texas Health Resources under a long-term lease, providing stable income and hands-off ownership benefits for investors.
Strategically positioned just west of E. Belt Line Road and N. Plano Road, the building enjoys high visibility and strong traffic counts exceeding 30,000 vehicles per day, ensuring continued demand and accessibility. The location is six miles from Medical City Hospital and Methodist Richardson Medical Center, two major healthcare hubs that bolster the market’s credibility for medical services. Connection to US Highway 75, George Bush Turnpike, and Interstate 635 guarantees convenient access across the Dallas-Fort Worth Metroplex.
Strategically positioned just west of E. Belt Line Road and N. Plano Road, the building enjoys high visibility and strong traffic counts exceeding 30,000 vehicles per day, ensuring continued demand and accessibility. The location is six miles from Medical City Hospital and Methodist Richardson Medical Center, two major healthcare hubs that bolster the market’s credibility for medical services. Connection to US Highway 75, George Bush Turnpike, and Interstate 635 guarantees convenient access across the Dallas-Fort Worth Metroplex.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
9,200 SF
Building Class
C
Year Built
1984
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,600 SF
Building FAR
0.27
Lot Size
0.77 AC
Zoning
O-M - Zoning O-M Office District
Parking
30 Spaces (3.03 Spaces per 1,000 SF Leased)
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Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 42014690000040000 | Improvements Assessment | $1,510,277 CAD |
| Land Assessment | $40,595 CAD | Total Assessment | $1,550,872 CAD |
Property Taxes
Parcel Number
42014690000040000
Land Assessment
$40,595 CAD
Improvements Assessment
$1,510,277 CAD
Total Assessment
$1,550,872 CAD
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1231 E Belt Line Rd
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