Office Space / Texas / Allen / 75013 / 508 West McDermott Drive

508 West McDermott Drive

Allen, TX 75013

Listing ID: 300897

$2,816,000

For Sale

Property Type Office for Sale : Medical
Lot Size Acres 0.680
Building Sq Ft 7,525
Building Price per Sq Ft $374.22
Land Sq Ft 29,620
Land Price per Sq Ft $95.07

508 West McDermott Drive | for Sale | Thumbnail 2

508 West McDermott Drive | for Sale | Thumbnail 3

508 West McDermott Drive | for Sale | Thumbnail 4

Description

Resolut RE has been exclusively retained to present the opportunity to acquire fee simple ownership of Dental Republic: Allen (the “Property” Dental Republic: Allen is a three tenant 100% leased asset in Allen Texas (suburb of Dallas), with the Dental Republic dental practice occupying 60.4% of the 7,525 SF building on a 20,255 SF lot. Tiger Asian Bowl (a sushi restaurant) occupies 1,975 SF and Wrexx Dance Studio occupies the remaining 1,000 SF. The Property boasts excellent visibility to over twenty nine thousand vehicles per day on W. McDermott Dr., and is surrounded by a population of 112,677 with average household income of $120,900 within 3 miles and 282,010 residents with average household income of $123,790 within 5 miles. The Dental Republic dental practice has been in operation for over 20 years and has 9 office locations. Dental Republic is pleased with the performance of this location and has recently signed a 5 year NNN extension to their lease with annual 2.0% base rent increases. Property ownership has an ownership interest in the Dental Republic dental practice.

Attachments & Files

dental-republic--allen-1-Chg-nBD.pdf

Loan and Amortization Calculator

Listing Price

Down Payment

Loan Amount:

Interest Rate:

Term (months):

Your Monthly Payment

$0.00

Total Principal: --

Total Interest: --

Total Cost: --

Month	Payment	Principal	Interest	Total Interest	Balance
$0.00	$0.00	$0.00	$0.00	$0.00	$0.00

Listing Demographics for 508 West McDermott Drive Allen, TX 75013

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

		1-Mile	3-Miles	5-Miles
Total Population		7,623	100,133	271,241
Population Median Age		38	36	36
Population by Age	0-9 Yrs	767 (10%)	14021 (14%)	36563 (13%)
	10-19 Yrs	1155 (15%)	14386 (14%)	41031 (15%)
	20-29 Yrs	954 (12%)	13287 (13%)	30989 (11%)
	30-39 Yrs	1206 (15%)	13166 (13%)	36825 (13%)
	40-49 Yrs	1239 (16%)	15879 (15%)	46070 (16%)
	50-59 Yrs	1066 (13%)	14863 (14%)	38051 (14%)
	60-69 Yrs	460 (6%)	8400 (8%)	23130 (8%)
	70+ Yrs	778 (10%)	6133 (6%)	18583 (6%)

Median HH Income		$76,780	$103,545	$104,301
Total Household Income	< 24K	325 (10%)	2745 (8%)	7025 (7%)
	25-49K	641 (20%)	4300 (12%)	11339 (12%)
	50-74K	582 (18%)	5016 (14%)	14098 (15%)
	75-99K	469 (14%)	4399 (12%)	11926 (12%)
	100-199K	837 (26%)	11369 (33%)	32660 (35%)
	200K+	308 (9%)	6048 (17%)	15293 (16%)

Highest Education Level	No Diploma	204	3277	9241
	Diploma or GED	1118	9424	23487
	Some College	1219	13036	33171
	Assoc. Degree	399	4985	13900
	Bachelors Degree	1451	22018	63806
	Higher Degree	966	12723	34713

Total Housing Units		3,384	35,639	97,209
--Owner-Occupied		1,062	22,466	62,120
--Renter-Occupied		2,100	11,412	30,221
Owner-Occupied Values	< 100K	20	303	841
	100-199K	184	2486	5896
	200-299K	270	7579	18931
	300-399K	333	6261	19427
	400-499K	118	2682	8450
	500K+	137	3154	8575

Total Working Age Population		6,118	77,333	208,761
In Work Force		4,260	55,452	148,607
Not In Work Force		1,858	21,881	60,153
Workforce Employed		4,103	52,894	142,368
Workforce Unemployed		157	2,543	6,191
Civlian Workforce		4,260	55,436	148,559
Military Workforce		0	16	49

Total Households		3,162	33,878	92,341
Family Households		1,929	25,815	71,262
Non-Family Households		1,232	8,063	21,078
Married Couple		1,282	21,164	59,146
Other Family		648	4,651	12,116
Married w/Child		750	11,630	31,373
Single Male w/Child		106	435	1,472
Single Female w/Child		210	2,120	5,343

Population Change Last Two Decades - Plus Projection

	2000	%	2010	%	2020	%	2030
Texas	20,851,820	+21	25,145,561	+18	29,677,668	+18	34,894,452
Collin County	491,675	+59	782,341	+33	1,039,369	+34	1,391,461

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Listing Location & Map Views

Other Office Space Listings for Sale Nearby

Address	Price	Sq Ft	Acres
408 North Allen Drive, Allen, TX	$1,350,000	3100	1.77
8951 Collin McKinney Parkway, 904, McKinney, TX	$435,000	1150	-
Custer Rd, Frisco, TX	$6,050,000	22000	-
3600 West Eldorado Parkway, McKinney, TX	CALL	3750	0.15
3600 Eldorado Parkway, 1, McKinney, TX	CALL	2500	1
4500 Medical Center Drive, McKinney, TX	$2,500,000	6000	0.62
3600 West Eldorado Parkway, McKinney, TX	$795,000	5800	0.2
Coit Rd, Plano, TX	$4,400,000	49200	3.2
4625 Coit Rd #220, Frisco, TX	CALL	1569	-
4625 Coit Rd #240, Frisco, TX	CALL	1782	-