McKinney Shopping Center

Price: $3,590,000
Sq. Ft.: 15,127
Cap Rate: 7.54%
Built: 2005

McKinney Shopping Center is a 15,127-square foot, multi-tenant retail center located in the highly desirable Dallas-Fort Worth suburb of McKinney, Texas. The complementary, internet-resistant tenant base is a mix of national and local credit tenants including Mattress Firm, Charles Schwab, Enterprise, Tri-Force Fitness, Thai Noodle Wave, and the Texas National Guard. The center is currently 100 percent occupied, and 90 percent of the gross leaseable area has triple-net leases and renewal options.  The National Guard lease is guaranteed by the State of Texas.  The center was constructed in 2005 and is situated on a 1.94-acre parcel.

The subject property is located on South Central Expressway (US 75) near the intersection with Eldorado Parkway with excellent freeway visibility. Traffic counts on the expressway are approximately 99,000 vehicles per day. The center is shadow-anchored by LA Fitness and surrounded by numerous national and regional retailers including Albertsons, Belk, Trader Joe’s, CVS Pharmacy, Bed Bath & Beyond, Kohl’s, CATO, Dollar Tree, Discount Tire, Cinemark, Texas Roadhouse, Half Price Books, Hollywood Feed, Wendy’s, Chipotle, Starbucks Coffee, and many more. The surrounding area has strong demographics, with a five-mile average household income of approximately $121,000 and the five-mile population exceeding 199,121 residents.

  • 100% Occupied Multi-Tenant Retail Center
  • Complementary, Internet-Resistant Tenant Base | Mix of National, Government, and Local Credit Tenants
  • 90% of the Gross Leaseable Area has Triple-Net Leases and Renewal Options
  • Texas National Guard Lease is Guaranteed by the State of Texas
  • Charles Schwab is a Publicly-Traded Company on the New York Stock Exchange Under the Symbol SCHW | Tenant Recently Executed a Lease Agreement to Expand from 1,680 to 2,940 Square Feet
  • Average Rents are Well-Below Market
  • Constructed in 2005 | Situated on a 1.94-Acre Parcel with Attractive Landscaping and Facade
  • Shadow-Anchored by LA Fitness | Located in a Dense Retail Trade Area, Surrounded by Many National and Regional Retailers
  • Excellent Freeway Visibility along North Central Exressway/US 75 | Traffic Counts Exceed 99,000 Vehicles per Day in Front of the Property
  • Strong Demographics | Five-Mile Average Household Income Exceeds $121,000 | Five-Mile Population is 199,121 Residents
  • Located 31 Miles North of Downtown Dallas