Shoppes at Virginia is a 100 percent leased, 17,958-square-foot, multi-tenant retail center comprised of two buildings located in the high-growth area of McKinney, Texas. The tenant base is a complementary mix of national, regional, and local retailers including Action Behavior Centers, Shipley Donuts, Kindred Smiles, and CJJF Jiu Jitsu. All leases are on long-term triple net terms, and include scheduled rent escalations during the primary term. Constructed in 2024, the buildings feature an attractive modern architectural design, situated on a 2.31-acre lot with concrete parking. Two end cap suites have drive-thru windows, and both buildings have a covered canopy walkway with LED lighting.
The subject property is located on Virginia Parkway, near the intersection with Hardin Boulevard. The property is easily accessible from multiple ingress and egress points. Cumulative traffic counts are approximately 51,912 vehicles per day. Nearby national and regional retailers include Walmart Neighborhood Market, 7-Eleven, Starbucks, Bahama Buck’s, Scooter’s Coffee, Kroger Marketplace, Cinemark, Costco, The Home Depot, and many more. Shoppes at Virginia is also in close proximity to several school campuses including Collin College – McKinney Campus, McKinney Boyd High School, McKinney North High School, and McKinney High School. The 200,000-square-foot Advanced Integration and Manufacturing Center facility at Raytheon’s Space and Airborne Systems McKinney headquarters is less than five miles from the subject property. The new intelligent manufacturing facility, built in 2021, brought approximately 500 new jobs to the area. The property benefits from strong demographics in the surrounding area, with a population exceeding 235,742 residents within a five-mile radius. The average household income within a one-mile radius is $164,568; $131,933 within a three-mile radius; and $135,150 within a five-mile radius.
- 17,958-Square-Foot Retail Center Well Positioned in a Developing Retail Corridor
- New 2024 Construction Comprised of Two Buildings | Two End Cap Suites have Drive-Thru Windows
- 100% Leased on Triple-Net Terms | All In Place Leases are on New 10-Year Terms | Majority have Annual Scheduled Rent Increases, Providing Year-Over-Year Income Growth
- Strong Tenant Lineup | 68% of the Gross Leasable Area has National Tenants
- Near the Signalized Intersection of Virginia Parkway and Hardin Boulevard | Easily Accessible from Multiple Ingress and Egress Points | High Cumulative Traffic Counts of 51,912 Vehicles Per Day
- Surrounded by Dense Affluent Residential Developments, Including Stonebridge Ranch
- Average Household Income is $164,568 Within One Mile; $131,933 Within Three Miles; and $135,150 Within Five Miles | Population Exceeds 235,742 Residents Within Five Miles
- Close Proximity to Several School Campuses Including Collin College – McKinney Campus (Student Population of 35,390+), Driving Additional Traffic to the Area
- Less than Five Miles from New 200,000-Square-Foot Advanced Integration and Manufacturing Center at Raytheon’s Space and Airborne Systems McKinney Headquarters | Brought Approximately 500 New Jobs to the McKinney Area
- The City of McKinney is Located 30 Miles North of Downtown Dallas and is Collin County’s Third-Largest City, after Plano and Frisco
