3801 Virginia Pky - Retail FOR SALE


McKinney, TX 75071- Allen/McKinney
$10,645,000 USD
214-960-2835
3801 Virginia Pky, McKinney, TX for Sale
$10,645,000 USD
Retail - FOR SALE
1/7
null | 6.35% Cap Rate

3801 Virginia Pky
McKinney, TX 75071
Allen/McKinney


HIGHLIGHTS

  • 17,978 SF, 100% Leased, Two (2) Building Retail Center with Two (2) Drive-Thru End- Caps in the High-Growth Submarket of McKinney, TX
  • Average Household Income Exceeds $198,900 and $160,600 in a 1- & 5-Mile Radius, Respectively
  • Average Base Lease Term Expiration of July 2034 with All Tenants Experiencing Rent Bumps During Primary Term
  • +/- 2.31 Acre Site, Upscale Façade with a Tall & Modern Canopy Design, 20-Yr Manufacturer's Roof Warranty, 17 FT Deep Covered Patio with LED Lighting
  • Adjacent Tenants at the Intersection Include Walmart Neighborhood Market, Starbucks, 7-Eleven, Driver’s Edge & Pizza Hut
  • McKinney, TX Ranked #1 Real Estate Market in the US in 2024 by WalletHub

OVERVIEW

Shoppes at Virginia is a 17,978 square foot, 100% leased, two (2) building retail asset with two (2) drive-thru end-caps and located with cross access to the signalized intersection at Hardin Boulevard along Virginia Parkway, west of the U.S. Highway 75. Situated on a 2.31-acre parcel, the Property is minutes from Downtown McKinney, and approximately 40 minutes due north of Downtown Dallas in the high-growth affluent northern Dallas submarket of McKinney, Texas. Newly constructed in 2024 the building features an upscale façade with a tall and modern canopy design and a 17 feet deep covered patio with LED lighting. Shoppes at Virginia is leased to a complementary tenant mix led by Action Behavior Centers (corporate), Shipley Do-nuts (multi-unit operator), CJJF Jiu Jitsu, Kindred Smiles, and Krishna Bhavan Indian Restaurant. In-place rents at the Property average $37.47 PSF NNN with average base lease term expiration of July 2034 and all tenants experiencing rent escalations during their primary terms. The intersection of Virginia Parkway and Hardin Boulevard hosts Walmart Neighborhood Market, Starbucks and 7-Eleven, among others.

FOR SALE DETAILS

PRICE

$10,645,000 USD

PRICE/SF

$592 USD /SF

CAP RATE

6.35%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Shoppes at Virginia

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.31 AC

LAND SF

100,624 SF

ZONING

-

APN/PARCEL ID

R-12110-00A-0050-1

ASK ABOUT THIS PROPERTY

Tim AxilrodSHOP CompaniesMore Info
214-960-2835

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Tim AxilrodSHOP CompaniesMore Info
214-960-2835

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