Hub 121 Retail Center

Price: $10,876,152
Sq. Ft.: 17,521
Cap Rate: 5.22%
Built: 2020

Hub 121 Retail Center is a 100 percent leased, 17,521-square-foot, multi-tenant retail center located in the highly desirable North Dallas suburb of McKinney, Texas. The tenant base is a complimentary mix of national and local retailers that are largely internet-resistant businesses, including Phenix Salon Suites, Enamel Dentistry, Valerie’s Taco Shop, Pizza Twist, Sugaring NYC, Jersey Mike’s Subs, and Diesel Barber Shop. All leases are triple-net and include scheduled rental increases during the primary terms. The subject property is comprised of two buildings constructed in 2020. The buildings are situated on a 2.148-acre parcel with a concrete lot.

  • 17,521-Square Foot, Multi-Tenant Retail Center | 100% Leased | All Leases are Triple-Net
  • Comprised of Two Multi-Tenant Buildings Featuring a Complementary Mix of National and Local Tenants that are Internet-Resistant and Service-Oriented
  • Long-Term Leases with Scheduled Rent Increases During the Primary Terms
  • Buildings are New (2020) Construction, Situated on 2.148 Acres of Land
  • Part of a Mixed-Use Development that Serves as a Hub for Retail, Dining, and Entertainment for the Surrounding Areas | an Outdoor Amphitheater Services as a Focal Point and Hosts a Variety of Free Concerts and Family-Friendly Events
  • Located in the Northwestern Quadrant of Highway 121 (Sam Rayburn Tollway) and Alma Road in one of the Fastest-Growing Areas in the Dallas-Fort Worth Metroplex
  • Adjacent to Craig Ranch, a 2,200-Acre Master-Planned, Mixed-Use Development | Features TPC Craig Ranch Golf Club, Home to the AT&T Byron Nelson PGA Tournament
  • Several Mixed-Use Developments are Under Construction Directly Across from the Subject Property | The Farm in Allen is a 135-Acre Development Featuring 1.6M SF of Office and Corporate Headquarters, 142K SF of Retail and Entertainment, a 150-Room Luxury Hotel, 60K SF of Restaurants, and more than 4,000 Future Residents Including Senior Living Units | District 121 is a Mixed-Use Development Featuring a 200K SF Kaizen Headquarters Office Building, 35K SF of Retail Space, .72-Acre Outdoor Entertainment Venue with Park Stage, and a Parking Garage
  • Collin College Technical Campus is Directly Across Highway 121 | Serves up to 7,100 Traditional, Dual Credit, and Continuing Education Students
  • Located in One of the Fastest-Growing Area of the Dallas-Fort Worth Metroplex | More than 647,995 Residents within a Five-Mile Radius | Average Household Income is Approximately $130,000 within One Mile; $111,415 within Five Miles; and $105,320 within 10 Miles