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5501 Independence Pkwy
Plano, TX 75023

$6,915 USD/MO

Medical For Lease  •  404+ SF

Property Details

  • Property Type Medical
  • Year Built 1986
  • Total Building Size 51,684 SF
  • Tenancy Multiple
  • Building Class B
  • Zoning RT/O-M
0 Transit Score
62 Walk Score

7 Spaces Available

Name Space Use Size Rent Details
1st Floor Ste 113-117 Medical Office 1,229 SF Rate Upon Request
  • Date available: Now
  • Lease term: Negotiable
  • Service type: To Be Determined
  • Built out as: Standard Office
  • Space Type: Relet
2nd Floor Ste 201 Medical Office 4,149 SF $20.00 USD/SF/YR
This space was formerly an orthodontic clinic. Can be turned around to being a med spa.

  • Date available: Now
  • Lease term: Negotiable
  • Service type: Triple Net
  • Built out as: Dental
  • Space Type: Relet
3rd Floor Ste 310 Medical Office 1,667 SF $20.00 USD/SF/YR
Former Training/Physical Therapy Space

  • Date available: Now
  • Lease term: Negotiable
  • Service type: Triple Net
  • Built out as: Physical Therapy
  • Space Type: Relet
3rd Floor Ste 311 Office/Retail 404 SF $20.00 USD/SF/YR
  • Date available: Now
  • Lease term: Negotiable
  • Service type: Triple Net
  • Built out as: Standard Office
  • Space Type: Relet
3rd Floor Ste 312 Medical Office 847 SF Rate Upon Request
  • Date available: Now
  • Lease term: Negotiable
  • Service type: To Be Determined
  • Built out as: Standard Medical
  • Space Type: Relet
3rd Floor Ste 314 Office/Retail 1,755 SF $20.00 USD/SF/YR
Three private offices with a large reception or conferencing area. Small room for storage or to be used as a break room.

  • Date available: Now
  • Lease term: Negotiable
  • Service type: Triple Net
  • Built out as: Standard Office
  • Space Type: Relet
3rd Floor Ste 320 Office/Retail 1,004 SF $20.00 USD/SF/YR
  • Date available: Now
  • Lease term: Negotiable
  • Service type: Triple Net
  • Built out as: Standard Office
  • Space Type: New

Description

Independence Medical Center ("IMC") is a multi-tenant,3-story medical office building well located in the heart of Plano, TX at the hard corner of Independence Parkway and Spring Creek Boulevard. The property was built in 1986 and renovated in 2019-2020. IMC has approximately 57,478 SF and sits on 3 acres of land surrounded by retail, residential, and nearby hospitals. The property currently has 28
suites and a large atrium with a glass skylight offering tons of natural light. Upon, acquisition, current ownership spent significant capital
waterproofing the building, improving the landscaping, and modernizing the restrooms and lobby by adding new flooring, lighting, furniture, wall decor, good walls, and a digital directory. IMC is near several hospitals: 5.2 miles from Baylor Scott & White, The Heart Hospital - Plano,3.6 miles to the Medical City of Plano,and 5.1 miles to TexasHealth Presbyterian Hospital of Dallas. Most tenants are currently on NNN leases and the property sits at about 83%occupancy. There is significant room to improve the performance of the asset by filling the remaining vacancies.

Independence Medical Center is being offered for sale on a fee-simple, free, and clear basis.

*Rooftop rights were sold by a previous
**Listing broker has an ownership interest in this property

Highlights

The average household income in Plano is $120,835 with 53% of the population with a college degree.
As of the most recent census data collected, Plano's population stands at 290,000 and growing year over year.

Property Flyers

Amenities

  • Atrium
  • Signage
  • Natural Light
  • Air Conditioning

Major Tenants

Tenant SF Occupied Lease End Date
Smiles by Morel

Public Transportation

AirportDriveWalkDistance
Dallas Love Field 33 min - 22.8 mi
Dallas-Fort Worth International 36 min - 26.8 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 177
Type: Surface
Included in Rent: Yes
Jerad Rector 817-975-3965 Worldwide Commercial, PLLC
Jerad Rector 817-975-3965 Worldwide Commercial, PLLC