We are pleased to present a multi-tenant retail investment opportunity located in the heart of McKinney, TX. This 85% leased 12,000 square-foot retail complex consists of five tenants and features a 6.47% Cap Rate Pro Forma. With leases extending through 2034 and scheduled rental escalations, this property represents an excellent investment prospect in a rapidly growing market. Strategically situated just off Eldorado Parkway, the site benefits from significant traffic, with over 27,000 vehicles passing by daily.
MLS# | 20734824 |
---|---|
Listing Type | For Sale |
Sub-Type | Resale |
Status | Active |
Year | 2006 |
Days On Site | 54 |
Listing Provided By | M&D Real Estate | Ross Miller |
SQ Feet | 12,000 |
---|---|
Story(s) | 1 |
Units | 5 |
Zoning | Commercial |
Acreage | 1.10 |
State | TX |
---|---|
County | Collin |
City | McKinney |
Zip Code | 75070 |
Area | Collin |
Community Name | Highlands Add |
Listing VS Median (in Highlands Add) | |
Price: $3,500,000 low | high Med: $1,750,010 SqFt: 12,000 low | high Med: 6,875 $ / SqFt: $292 low | high Med: $146 On Site: 54 low | high Med: 87.500000 |