Plano office for sale or Sublease
Plano, TX 75074
Posted November 18, 2019
This has been an underutilized office which has very good potential for growth. It has only been open 2-3 times a week for the past several years. It was established in 2012. I am relocating to partner with another dentist. The sale price is for the built out office and the dental equipment. A sublet or office share could also be an option.
This spacious 3600 sq office has beautiful Adec Chairs and Adec cabinetry, with modern equipment. It is a paperless office with digital x-rays. There are 5 operatories with an additional 2 operatories which are plumbed and ready to be equipped. It is fully equipped and ready for to see patients. It has a very large waiting room and plenty of storage space.
This office was a satellite office to another office that I owned in south Dallas which has been closed due to expiration of lease. Many of the patients would travel from that area to this office. I would like to retain those patients, but would be willing to transfer all local patients to new owner. This would be a bit like a start-up with only a modest active patient base, but with a huge saving from initial build out costs. There is presently 18 months remaining on the current lease which could be transfered (with rent of $4200 for 3600 square feet). The first 4 months of rent would be included in this price as well as an already paid for internet marketing campaign (valued at $7200). The landlord has stated that he would extend the length of this lease. The renewal extension would be for 3 years at approximately $4600/mo.
Located in a strip mall blocks away from downtown Plano (1818 K Ave), this office sees a lot of foot traffic. A new grocery store is currently being built and is planned to be open at the beginning of the year. Additionally downtown Plano is undergoing a massive re-development project. A one billion dollar revitalization plan for nearby Collin Creek Mall is planned and has already broken ground. The Cotton Belt Rail Line connecting Plano to DFW Airport is also approved and is under construction. This area is set to see an explosion in population growth in the next few years.
Motivated seller. All reasonable offers considered.