McDermott Square

Price: $7,131,000
Sq. Ft.: 35,615
Cap Rate: 7.75%
Built: 2006

McDermott Square is a 35,615-square foot multi-tenant retail center in Plano, Texas.  The center is 86% occupied, providing upside potential in leasing the vacant space.  All current leases are triple-net.  Tenants include Hathaway Academy of Ballet, Spice Rack, PTF Banquet Hall, International Martial Arts Academy, Salon Expressions, Health Massage, Soft Touch Dental, YogaFit, North Dallas Women’s Care, and Polo Nails.  The building was constructed in 2006 and sits on 4.48 acres.