$3,781,867 USD
747-877-2564
1820 W University Dr
McKinney, TX 75069
Allen/McKinney
HIGHLIGHTS
- High-Visibility & Heavy Traffic: Situated on University Drive, and North Central Expressway, both major thoroughfare with 50,000+ daily vehicles.
- Strong Demographics: McKinney is one of America’s fastest-growing cities, with affluent households and robust retail demand.
- Redevelopment Potential: Ideal for future mixed-use or pad given its central positioning.
- Long-Term Tenant: Applebee’s has been a community staple for 16+ years with a loyal customer base.
- Rent Escalations: Next bump in 2028, featuring 10% increases every 5 years—a powerful inflation hedge.
- Franchisee Strength: Backed by one of Texas’s top operators, ensuring tenant reliability.
FOR SALE DETAILS
PRICE
$3,781,867 USD
PRICE/SF
$689 USD /SF
CAP RATE
6%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1993
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.65 AC
LAND SF
71,874 SF
ZONING
-
APN/PARCEL ID
R-2161-00A-001B-1
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747-877-2564
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747-877-2564
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