Gain interest in McKinney’s flourishing commercial environment with this exclusive acquisition opportunity for The Shoppes at Virginia Parkway.
Built in 2023, this 9,069-square-foot retail center comprises five storefront suites, including a drive-thru end-cap space. The Shoppes at Virginia Parkway is fully leased to Dunkin’, Free Spirit Liquor, R&B Tea, Haruhi Head Spa, and Scenthound, providing restaurant, retail, and service draws. Cash flow is fully stabilized with long-term Triple Net (NNN) leases in place, and the NNN service leaves minimal landlord responsibilities. The Shoppes at Virginia Parkway is situated on approximately 0.19 acres with excellent frontage to make it a standout destination in this blossoming area.
Located at 2761 Virginia Parkway, the center is perfectly positioned to take advantage of McKinney’s unprecedented growth. Historic Downtown McKinney is only five minutes away, and the city’s main artery, Highway 75, is a mile from the center, making this a highly convenient stop for consumers. McKinney’s real estate indicators herald significant value appreciation as the retail submarket consistently commands higher rents than DFW overall, and vacancy rates have historically stayed below the market average. Demographic trends match this positive outlook as the population within a 3-mile radius grew by 13.2% from 2020 to 2024 and is projected to rise another 22% through 2029.