Virginia Parkway Professional Center is a 7,497-square-foot, Class B multi-tenant medical office building situated on approximately 0.76 acres in one of McKinney’s most established medical and professional office corridors. Built in 2006, the property consists of three suites designed to accommodate a variety of medical specialties and professional office users.
The property is currently leased to NeuroGlow (1,890 SF) and Texas Pain Relief Group (2,531 SF), both operating under triple-net lease structures with scheduled rental increases. The remaining 3,076-square-foot Suite 100 has undergone an extensive renovation and is delivered in move-in-ready condition. Improvements include a redesigned floorplan, two remodeled ADA restrooms, new HVAC systems, LED lighting, LVP flooring, custom cabinetry, updated plumbing fixtures, and numerous cosmetic enhancements, significantly reducing lease-up time and future tenant improvement costs. The property also features monument signage, attractive masonry construction, ample parking, and excellent frontage along Virginia Parkway. Combined with the recent renovations, the building offers an attractive move-in-ready environment for a variety of medical users.
Virginia Parkway Professional Center is ideally positioned along Virginia Parkway, one of McKinney’s primary east-west thoroughfares, approximately one mile west of US-75 (Central Expressway). The property enjoys outstanding accessibility, serving both the surrounding residential neighborhoods and the broader North Dallas market. Virginia Parkway carries approximately 25,000 vehicles daily while nearby US-75 provides regional connectivity with more than 185,000 vehicles per day.
VALUE-ADD MEDICAL OFFICE WITH SIGNIFICANT UPSIDE
59 percent occupied medical office investment featuring dependable in-place income with significant upside through lease-up of the recently renovated vacant suite and future rental growth.
OVER $140,000 OF RECENT CAPITAL IMPROVEMENTS
Current ownership has invested more than $140,000 in capital improvements since acquisition, highlighted by a comprehensive $100,000 renovation of Suite 100, featuring a redesigned floorplan, two new HVAC units, remodeled restrooms, LED lighting, LVP flooring, built-in cabinetry, monument sign upgrades, and numerous building system improvements including fire sprinkler, plumbing, roof maintenance and exterior upgrades.
TURNKEY 3,076 SF MEDICAL SUITE AVAILABLE
Suite 100 is fully built-out and move-in ready, reducing downtime and leasing costs while appealing to a broad range of medical, dental, specialty healthcare, and professional office users.
NEAR-TERM LEASING & MARK-TO-MARKET GROWTH OPPORTUNITY
Both in-place medical leases expire in 2027, creating an attractive opportunity to renew existing tenants at market rates or backfill with new medical users at higher rental rates. Combined with the lease-up of Suite 100, investors have multiple avenues to increase NOI and unlock the property’s full income potential.
PREMIER MCKINNEY MEDICAL CORRIDOR
Located along Virginia Parkway with convenient access to US-75, the property benefits from strong traffic counts, excellent visibility, nearby Medical City McKinney and Baylor Scott & White Medical Center, and an affluent, rapidly growing patient base that continues to drive demand for outpatient medical services.
AFFLUENT DEMOGRAPHICS & POPULATION GROWTH
McKinney’s affluent, rapidly expanding population and high household incomes drive sustained demand for medical services, underpinning durable tenant performance and rent stability across economic cycles.
