2761 Virginia Pky - Retail FOR SALE


McKinney, TX 75071- Allen/McKinney
$5,525,000 USD
469-203-4320
2761 Virginia Pky, McKinney, TX for Sale
$5,525,000 USD
Retail - FOR SALE
1/28
null | 5.49% Cap Rate

2761 Virginia Pky
McKinney, TX 75071
Allen/McKinney


HIGHLIGHTS

  • The Shoppes at Virginia Parkway, located at 2761 Virginia Parkway, is a fully leased, 9,069-square-foot storefront retail building delivered in 2023.
  • National anchor presence with a Dunkin’ drive-thru end-cap, joining a cosmetic spa, an alcoholic beverage store, a bubble tea shop, and a pet spa.
  • Stabilized investment opportunity with all tenants on long-term, Triple Net (NNN) leases, providing an annual net operating income of $303,234.
  • Situated on approximately 0.19 acres along highly trafficked Virginia Parkway, offering visibility to more than 25,000 vehicles per day on average.
  • McKinney is a top-performing retail submarket with a 2.3% vacancy rate and 4.2% year-over-year rent growth reported in Q2 2025.
  • Supported by high-income communities with an average yearly household income of $116K contributing to over $1.2B in spending within a 3-mile radius.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$5,525,000 USD

PRICE/SF

$609 USD /SF

CAP RATE

5.49%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Shoppes at Virginia Parkway

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

51

LAND DETAILS

LAND ACRES

1.1 AC

LAND SF

47,916 SF

ZONING

COMM

APN/PARCEL ID

R-4923-000-017R-1

ASK ABOUT THIS PROPERTY

Jitesh MullapudiXTG Realty Brokerage LLCMore Info
469-203-4320

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Jitesh MullapudiXTG Realty Brokerage LLCMore Info
469-203-4320

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.