Baylor Medical Plaza is a three story, Class B+/A- office building located 2020 W. State Highway 114. The building is located on 5.64 acres, with frontage directly on W. State Highway. 100% leased to Baylor Regional Medical Center at Grapevine. The 15 year NNN lease has 12% escalations every 5 years. The lease expires in November of 2017 and the next increase in rent is in December of this year.
Located just north of Baylor Medical Plaza is Baylor Surgical Center, a single story, ambulatory / outpatient surgery center. The building is located on 3.37 acres and is currently leased to Baylor Surgicare at Grapevine on a 20 year NNN lease, with 7.5% rental increases every three years. The ASC is operated as a joint venture between Baylor and United Surgical Partners, one of the largest ASC owners in the country. The lease expires in November of 2021.
The medical office building at 2020 W. State Highway 114 is 100% leased to Baylor Medical Center at Grapevine, a Texas Corporation. Specific care offered at this location includes: Advanced Heart Care, Baylor Diagnostic Imaging Center, Baylor Family Medical Center, Breast Center at Baylor Regional Medical Center, Endocrinology & Reproductive Medicine, Grapevine Radiology Associates, and Heartplace Grapevine – recently signed 15,000 sf lease that runs 5-years beyond the Master Lease.