Victory Shops At Stonebridge III

Price: $8,458,000
Sq. Ft.: 15,218
Cap Rate: 6.0%
Built: 2023
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Marcus & Millichap is pleased to present the opportunity for an investor to acquire a fully stabilized, 15,218-square-foot, multi-tenant Class ‘A’ retail center located in the high-growth Dallas-Fort Worth suburb of McKinney, Texas. Victory Shops at Stonebridge III is comprised of internet-resistant, service-oriented tenants including VooDoo Brewing Co., The Hy-Life Liquor, BodyBar Pilates, Deka Lash, and Burn Boot Camp.  All leases are triple-net and contain scheduled rent escalations during the primary terms. The building is new 2023 construction with an attractive façade and is situated on 2.08 acres with ample concrete parking. The end cap suite leased to VooDoo Brewing Co. features an enclosed outdoor patio.

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, Jason’s Deli, Scooter’s Coffee, AT&T, The Home Depot, Sprouts Farmers Market, O’Reilly Auto Parts, 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 211,552 residents within a five-mile radius. The average household income within a one-mile radius is $157,295; $142,138 within a three-mile radius; and $145,062 within a five-mile radius.

  • 15,218-Square-Foot, Multi-Tenant Retail Center Located in a High-Growth Area
  • 100% Leased | All Leases are Triple-Net and are Personally Guaranteed
  • Current Average Rents are Below Market
  • Complementary Mix of Internet-Resistant, Service-Oriented Tenants
  • Majority of the Leases have Scheduled Rent Escalations During the Primary Term Providing Year-Over-Year Income Growth
  • Building is New (2023) Construction Situated on a 2.08-Acre Lot
  • End Cap Suite Leased to VooDoo Brewing Co. Features an Enclosed Outdoor Patio
  • Double-Sided Monument Signage at the Entrance Enhances Visibility | Monument Sign Will Not Convey with the Sale
  • 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 | Average Household Income is $157,295 within One Mile; $142,138 within Three Miles; and $145,062 within Five Miles | Population Exceeds 211,552 Residents within Five Miles
  • The City of McKinney is Located 30 Miles North of Downtown Dallas  and is Collin County’s Third-Largest City, after Plano and Frisco
  • McKinney is Known for a Vibrant Downtown Destination Featuring Quality Dining, Shopping, Arts and Culture