O F F E R I N G M E M O R A N D U M

C O N F I D E N T I A L

Lewisville MedicalOffice Building

Location:571 West Main St., Lewisville, TX 75057

Offered by:Cliff Ellis

cellis@ellis-tinsley.com

Bill Ellis

bellis@ellis-tinsley.com

6421 Camp Bowie Blvd., Suite 302

Fort Worth, Texas 76116

817.737.5000

E L L I S - T I N S L E Y . C O M

O F F E R I N G M E M O R A N D U M | 2E L L I S & T I N S L E Y , I N C .

0 1 .

Summary

About the PropertyEllis & Tinsley, Inc. has been exclusively retained to

offer the opportunity to acquire Lewisville MOB, a

well-located 21,113 square foot medical office build-

ing directly across from Medical City Lewisville, and

minutes away from I-35E,121, and PGBT.

Built in 2002, the Property is priced favorably at a

7.25% cap rate with established tenants and near full

occupancy (94%). Upgrades include “welcome” smart

digital building directory, full property camera

surveillance with remote access, elevator and lobby

decor, key card access for after-hours, and new

TPO roof (2018).

O F F E R I N G M E M O R A N D U M | 4E L L I S & T I N S L E Y , I N C .

A C R O S S T H E S T R E E T F R O MM E D I C A L C I T Y L E W I S V I L L E

PropertyProfile

O F F E R I N G M E M O R A N D U M | 5E L L I S & T I N S L E Y , I N C .

L O C A T I O N571 West Main St., Lewisville, TX 75057

Y E A R B U I L T2002

P R I C E$4,300,000

C A P R A T E7.25%

P E R C E N T L E A S E D94%

S I Z E21,113 RSF (Building) / 1.253 acres (Land)

3 M I L E1 M I L E

P O P U L AT I O N

AV G . H H I N C .

10,546 97,001

$58,676 $108,143

D E M O G R A P H I C S

% O F S FS F

K E Y T E N A N T S

T E N A N T L E A S E E X P.

The Back and Body Clinic 4,300 20.4% 12/31/2029

LabCorp 2,071 9.8% 07/13/2020

Cosmetic Advantage 4,317 20.4% 12/31/2024

0 2 .

PropertyOverview

O F F E R I N G M E M O R A N D U M | 7E L L I S & T I N S L E Y , I N C .

O F F E R I N G M E M O R A N D U M | 8E L L I S & T I N S L E Y , I N C .

E L L I S & T I N S L E Y , I N C . O F F E R I N G M E M O R A N D U M | 9

0 3 .

FinancialOverview

FinancialSummary

E L L I S & T I N S L E Y , I N C .

P R O P E R T YLewisville MOB

G L A21,113

P E R C E N T L E A S E D94%

P R O J E C T E D Y E A R 1 N O I$311,510.78

The following information is provided to assist

investors in their underwriting of the asset:

• Rent Roll

• Income & Expenses

• Pricing

• Tenant Profiles

O F F E R I N G M E M O R A N D U M | 11

Rent Roll

O F F E R I N G M E M O R A N D U M | 1 2E L L I S & T I N S L E Y , I N C .

S TAT U ST E N A N T

Common Area

100

110

120

200

210

220

230

240

A S O F 5 / 2 / 2 0 2 0

U N I T S Q F T. R E N T L E A S E S TA R T

—

The Back and Body Clinic

Lab Corp of America

Main Street Medical

Cosmetic Advantage, Inc.

PNP Center

—

CBS Studios, Inc./Dr. Phil

Hospice Plus

—

Current

Current

Current

Current

Current

Vacant/Unrented

Notice/Unrented

Current

177

4,300

2,071

3,679

4,317

2,587

1,167

640

2,175

21,113

—

$6,270.83

$3,279.08

$6,438.25

$6,500.00

$4,203.88

—

$1,120.00

$4,116.19

$31,928.23

—

01/01/2020

03/01/2014

12/01/2008

10/01/2013

06/15/2007

—

10/23/2017

06/01/2012

—

12/31/2029

07/13/2020

04/30/2021

12/31/2024

07/31/2023

—

04/30/2021

02/28/2023

N N N

—

$2,271.83

$1,094.18

$1,943.74

$0.00

$0.00

—

$0.00

$0.00

$5,309.75

L E A S E E N D

Expenses

O F F E R I N G M E M O R A N D U M | 1 3E L L I S & T I N S L E Y , I N C .

Management Fee

Elevator Services

Bank Charges

Professional Fees

Repairs - General

Repairs - HVAC

Supplies

Security

O P E R A T I N G E X P E N S E S R E C O N C I L E D

A C T U A L

Lawn Maintenance

Janitorial Services

Pest Control

Insurance

Electricity

Water

Trash Removal

Property Taxes

Total Operating Expenses $ 135,344.98

$11,700.00

$2,898.39

$35.00

$3,050.00

$10,873.69

$3,844.62

$738.30

$1,901.17

$6,816.63

$8,987.54

$1,104.12

$12,970.66

$5,340.27

$3,213.39

$1,822.20

$60,049.00

A C T U A L

E L L I S & T I N S L E Y , I N C .

S U I T E 1 0 0Dr. Matthew Gilbert is an experienced Doctor of Chiropractic and specializes in multiple

adjusting techniques, and the evaluation and treatment of sports-related injuries and spinal

rehabilitation. A wide range of other services are also offered including Regenerative

Medicine, Sciatica Treatment, and weight loss.

O F F E R I N G M E M O R A N D U M | 1 4

S U I T E 11 0Laboratory Corporation of America Holdings, more commonly known as LabCorp, is an

American S&P 500 company headquartered in Burlington, North Carolina. It operates one

of the largest clinical laboratory networks in the world, with a United States network of 36

primary laboratories.

Number of employees: 61,000 (2018)

Revenue: 11.33 billion USD (2018)

Tenant Profile

E L L I S & T I N S L E Y , I N C .

S U I T E 1 2 0Dr. Rudolpho Herrera works in Lewisville, Benbrook and Bedford and specializes in

Pain Management under the “Your Family Medical” parent company. Dr. Herrera is

affiliated with Texas Health Harris Methodist Hospital Southwest Fort Worth,

Texas Health Harris Methodist Hospital Alliance and Texas Health Harris Methodist

Hospital Southwest Fort Worth.

O F F E R I N G M E M O R A N D U M | 1 5

S U I T E 2 0 0Cosmetic Advantage is an all-ceramic crown and bridge dental laboratory with 20 years

of experience. Operated by the Fincher family, they have been servicing local dentists and

hospitals in Lewisville since 2009 and have since expanded their suite to accommodate

additional business.

Tenant Profile

Tenant Profile

E L L I S & T I N S L E Y , I N C .

S U I T E 2 1 0The Lawlis Peavey PsychoNeuroPlasticity (PNP) Center provides diagnoses and treatment

programs for individuals dealing with problems involving neurological issues and related

symptoms. Treatments include children, adolescents and adults with Attention Deficit

Disorder (ADHD), Autism Spectrum Disorders, Depression, Anxiety, Mood / Bipolar

Disorder, Obsessive-Compulsive Disorder, Post-Traumatic Stress Disorder, Memory &

Attention Disorders, Addiction as well as other neurological challenges.

O F F E R I N G M E M O R A N D U M | 1 6

S U I T E 2 4 0Hospice Plus provides on-site hospice care and offers a full staff of home health care

professionals. Their clinical team members are experts in pain and symptom management,

and support team members are skilled in the specific issues of emotional support, spiritual

counseling, and resource referral. 10,000+ employees nationwide

0 4 .

Trade AreaOverview

Dallas/Fort Worth Area

E L L I S & T I N S L E Y , I N C .

• Population: 7.54M

• 4th largest metropolitan area in the U.S.,

#1 in population growth

• Interstates 20, 30, 35 and 45 connecting DFW to all

regions of the country

• Connections to major commercial centers around

the globe via Dallas-Fort Worth International Airport

and Dallas Love Field, plus 13 smaller airports in the

Metroplex and nine railroads.

• Home to 18 Fortune 500 companies, 4 Global 500

companies, and 40 Fortune 1000 companies

• Host teams in all four major sports leagues

• DFW continually ranks high as an affordable metro

area, with a cost of living index of 94.7

O F F E R I N G M E M O R A N D U M | 1 8