4800 W University Dr - Storefront FOR SALE
McKinney, TX 75071 |
4800 W University Dr
McKinney, TX 75071
HIGHLIGHTS
- 100% Leased 2023 Construction 3-Tenant Retail Center in the Dominant DFW Submarket of McKinney, TX
- Rents Average $31.63 PSF NNN while Leases for Comparable New Construction Retail Space in McKinney is Leasing in the $40’s to $50+ PSF NNN
- Average Base Lease Expiration of December 2033 with All Tenants Experiencing Rent Bumps During Primary Term
- McKinney Recently Ranked #1 as the Best Real Estate Market in the Country (2023, WalletHub)
- Total Population within a 1 Mile Radius Increased by 1,300% from 2000 to 2023
- Average Household Income Exceeds $150,700, $157,600 & $146,206 in 1, 3 & 5 Mile Radii, Respectively
FOR SALE DETAILS
PRICE
-
CAP RATE
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% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Highway 380 & Lake Forest Retail
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
ADD'L SUBTYPES
Medical
TOTAL BUILDING SIZE
7929
STORIES
1
YEAR BUILT
2023
SPRINKLERS
-
PARKING SPACES
22
LAND DETAILS
LAND ACRES
-
LAND SF
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ZONING
-
APN/PARCEL ID
R-11259-00A-0060-1
