4020 W University Dr - Storefront FOR SALE


McKinney, TX 75071
$5,462,000 USD
214-560-6900
4020 W University Dr, McKinney, TX for Sale
$5,462,000 USD
Storefront - FOR SALE
1/9
null | 6% Cap Rate

4020 W University Dr
McKinney, TX 75071


HIGHLIGHTS

  • Over 8 Years Of WALT Remaining | Options To Extend | Scheduled Rental Increases
  • NNN Leases | Fee Simple Ownership | Minimal Landlord Responsibilities
  • Outparcel to Dave & Busters Center (Under Construction) | Dense Retail Corridor
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS Multi-Tenant Investments is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, 4-tenant strip investment property located in McKinney, Texas. The tenants are operating on 10-year leases with options to extend and over 8 years of WALT remaining, demonstrating their commitment to the site. All of the leases feature rental increases in year 6 of the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The leases are NNN with minimal landlord responsibilities making it an ideal, low management investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$5,462,000 USD

PRICE/SF

$689 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

4-Tenant Strip

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

46

LAND DETAILS

LAND ACRES

1.08 AC

LAND SF

47,045 SF

ZONING

C2

APN/PARCEL ID

R-13518-00A-0040-1

ASK ABOUT THIS PROPERTY

Michael KaplanSRS Real Estate PartnersMore Info
214-560-6900

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Michael KaplanSRS Real Estate PartnersMore Info
214-560-6900

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