AIT LABORATORIES SINGLE TENANT NNN v CORPORATE OFFICE ...€¦ · FOR MORE INFORMATION PLEASE...

Office 940.891.2947 Alex 972.979.7727 Brad 940.368.3588 Copyright©2015 Axis Realty Group [email protected]/[email protected] Centre Place Dr., Ste 250 Denton, TX 76205

FOR MORE INFORMATION PLEASE CONTACT ALEX PAYNE/BRAD ANDRUS

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CORPORATE OFFICE/LABORATORY 48,803+/- SF

AIT LABORATORIES SINGLE TENANT NNN

• Single Tenant NNN, 10 Yr. Lease Ending Dec. 2026

• Tenant is AIT Laboratories/a HealthTRACK Rx Company

• Recent Renovations Include Over $3M on Interior & $400k on Exterior Improvements

• 7% CAP at Current Rent, 10% Rent Increase Starts Year 5 of 10 Yr. Lease

• Located in Westport Industrial Area of Denton at the Convergence of I-35E & I-35W with I-35W Frontage

PROPERTY USE TYPE - Single Tenant NNNLEASE TERM - 10 YearsLEASE EXPIRATION - Dec 1, 2026YEAR BUILT - 1972YEAR RENOVATED - 2016# OF BUILDINGS - 1 LOT SIZE - +/- 7.13 ACBUILDING SIZE - +/- 48,803 SF# DOCK HIGH DOORS - 1# GRADE-LEVEL DOORS - 4CLEAR CEILING HEIGHT - 14’-18’

LIST PRICE $5,877,000PROPERTY DESCRIPTIONApproximately 48,803 SF, this single tenant, NNN industrial investment property is leased to AIT Laboratories, a leading clinical prescription drug monitoring and testing laboratory. Part of the $3.4M renovation in 2016 included a brand new 35,000 SF corporate office area and laboratory. The remaining 13,803 SF is warehouse space. The building also has a new roof, exterior paint and landscaping.

The annual income is $411,444 with a 10% rent increase in 2021.

Located in Westport Industrial Area of Denton at the Convergence of I-35E & I-35W with I-35W Frontage.

1500 I-35W, DENTON, TX 76207

1500 I-35W, DENTON, TX 76207AIT LABORATORIES SINGLE TENANT NNN

Office 940.891.2947 Alex 972.979.7727 Brad 940.368.3588FOR MORE INFORMATION PLEASE CONTACT ALEX PAYNE/BRAD ANDRUS

Copyright©2015 Axis Realty Group [email protected] / [email protected] Centre Place Dr., Ste 250 Denton, TX 76205

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PROPERTY PHOTOS OFFICE / FLEX




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PROPERTY PHOTOS OFFICE / FLEX




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TENANT BIO

HealthTrackRx is a leading clinical prescription drug monitoring laboratory offering compliant and medically necessary testing services through approaches that are specific to each physician’s request and patient’s needs.

Although our main focus is in the toxicology services arena, specifically for addiction treatment facilities, pain care practitioners, and women’s health, we provide screening and confirmation services to practitioners of all specialties, including: pain management specialists, family practice, internal medicine, OB/GYN, addiction treatment facilities, hospitals, and other laboratories.

HealthTrackRx’s qualitative and quantitative testing and confirmation services provide physicians with results that fortify routine monitoring processes and promote more effective treatment plans that aim to support overall patient health and positive outcomes.

HealthTrackRx’s services provide scientific identification of prescription and illicit drugs with increased reliability, specificity and sensitivity. Our drug and alcohol monitoring services help our clients by providing objective data that can provide enhanced patient care and practice protection through the identification of risk, and tools to help monitor and manage that risk.

OFFICE / FLEX




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OCCUPANTSOCCUPIED BUILDING AREAB - 24,692SF / A-2 - 1,225SF

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The Architect and the Architect's consultants are deemed the authorsand owners of their respective Instruments of Service (documents), andthey retain all common law and statutory rights, including copyright.

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2727 Lyndon B. Johnson Freeway, Suite 1013

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AIT LABORATORIES SINGLE TENANT NNN v CORPORATE OFFICE ...€¦ · FOR MORE INFORMATION PLEASE...

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