Victory Shops at Stonebridge II

Price: $7,901,200
Sq. Ft.: 14,276
Cap Rate: 5.50%
Built: 2017

Victory Shops at Stonebridge II is a 14,276-square-foot, multi-tenant retail center located in a high-growth area of McKinney, Texas. The tenant base is a complementary mix of internet-resistant, local businesses including E.J. Willis Gastropub, McKinney Coffee Company, TriCorner Dentistry, Koshi Japanese & Korean Restaurant, and 11|17 Restaurant. All leases are triple-net, and the majority of the leases have scheduled rent escalations during the primary terms. Constructed in 2017, the building is situated on a 1.74-acre lot with ample concrete parking and a pylon sign that provides exposure to the center.

The subject property is positioned near the signalized intersection of North Stonebridge Drive and West University Drive/US Highway 380. The property is easily accessible from multiple ingress and egress points. Cumulative traffic counts are approximately 42,860 vehicles per day. National and regional retailers in close proximity include Walmart Supercenter, AutoZone Auto Parts, Fuzzy’s Taco Shop, The Home Depot, Sprouts Farmers Market, O’Reilly’s Auto Part, Arby’s, Taco Bell, Sonic Drive-In, Domino’s Pizza, CVS, Little Caesar’s Pizza, 7-Eleven, Baskin-Robbins, Texas Health Breeze Urgent Care, LA Fitness, and others. The subject property is near several school campuses, providing additional traffic to the area. The property benefits from strong demographics in the surrounding area, with a population exceeding 218,220 residents within a five-mile radius. The average household income within a one-mile radius is $156,323; $140,230 within a three-mile radius; and $139,750 within a five-mile radius.

  • 14,276-Square-Foot, Multi-Tenant Retail Center Located in a High-Growth Area
  • 100% Occupied | All Leases are Triple-Net
  • Current Average Rents are Below Market
  • Complementary Mix of Internet-Resistant, Local Tenants | Majority of the Leases have Schedule Rent Escalations During the Primary Term
  • 100% of the Leases have Personal Guarantees and Renewal Options
  • Building is Newer (2017) Construction Situated on a 1.74-Acre Lot with Ample Concrete Parking | Double-Sided Pylon Signage at the Entrance Enhances Visibility
  • Victory Shops at Stonebridge III is Currently Under Construction on the Adjacent Parcel
  • Near the Signalized Intersection of North Stonebridge Drive and West University Drive/Highway 380 | Easily Accessible from Multiple Ingress and Egress Points from Both Roads | Cumulative Traffic Counts are Approximately 42,860 Vehicles per Day
  • Well Positioned to Serve a Highly Affluent and Densely Populated Area of McKinney, Texas | Average Household Income of $156,323 within One Mile; $140,230 within Three Miles; and $139,750 within Five Miles | Population Exceeds 218,220 Residents within a Five-Mile Radius
  • McKinney is Known for a Vibrant Downtown Destination Featuring Quality Dining, Shopping, Arts and Culture
  • The City is Located 30 Miles North of Downtown Dallas