6201 S Custer Road - Retail FOR SALE


McKinney, TX 75070- Allen/McKinney
$10,415,000 USD
214-960-2835
6201 S Custer Road, McKinney, TX for Sale
$10,415,000 USD
Retail - FOR SALE
1/3
null | 6.16% Cap Rate

6201 S Custer Road
McKinney, TX 75070
Allen/McKinney


HIGHLIGHTS

  • Complementary Tenant Mix with Mo’ Bettahs Hawaii Food, Ashar Dentistry, Goli Soda, Jerry’s Liquor and Fine Wine, Goli Soda & Rumble boxing
  • Frisco Ranked #3 Fastest Growing City in the U.S. (Fortune 2024) | McKinney Ranked #1 Real Estate Market in the U.S. (WalletHub 2024)
  • In-Place Contractual Rent Growth with 4 of 5 Tenants Bumping Annually at 2.5%; Mo’ Bettahs Increases 10% in February 2029
  • Custer Rd Frontage (40,300+ vehicles per day); Proximity to Highway 121 (163,200+ VPD)
  • Dense Retail Corridor with 2.2MM+ SF of Retail GLA in a 2-Mile Radius
  • All Tenant Experience Rent Escalations with 4/5 Tenants Bumping Annually; Average Base Lease Term Expiration of March 2033

OVERVIEW

100% Leased, 16,554 SF, 5 Tenant Retail Center in McKinney, TX. 2023 Construction with an Average Lease Term Expiration of Q1 2034. Mo-Bettah’s Corporate is on Drive-Thru End Cap. Dense Retail Corridor with 2.2MM+ SF of Retail GLA in a 2-Mile Radius, further enhanced by the nearby Custer Paradise Center, a Class A, 12,600 SF retail development currently underway and located within a one minute walk. Nearby National Tenant Retailers Include Shipley Do-Nuts, Walmart, Target, Ross Dress for Less, Five Below, PetSmart, Lowe’s Home Improvement, Starbucks, Chick Fil A, McDonald’s & Several other National Credit Retailers. On the Border of Booming & Affluent Submarkets of Frisco & McKinney, TX | Average Household Income Exceeds $218,200 & $197,400 in a 1- & 3-Mile Radii; 529% Population Growth Since 2000 in a 3-Mile Radius. Adjacent to The Grove +/- 2,000 Single Family Lots with Homes Priced $478K-$870K; Hunters Creek - 850 Homes, Median List Price $714k & Richwoods - 1,600 Homes, Median List Price $1.098MM. Neighboring TPC Craig Ranch; 18-Hole, Par-72, 7,438-Yard Golf Course Home to CJ Cup Byron Nelson Tournament. Across from Liberty High School of Frisco with 2,080+ Enrollment. Notable Frisco Developments include PGA Headquarters ($550M Development Across 600+ Acres), The Star ($2B+ Headquarters of the Dallas Cowboys) & The Mix ($3B Master-Planned Development over 112 Acres) and Downtown McKinney’s Historic Square & $1B+ in Planned Mixed Use Growth.

FOR SALE DETAILS

PRICE

$10,415,000 USD

PRICE/SF

$636 USD /SF

CAP RATE

6.16%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Custer Tour Village

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.93 AC

LAND SF

84,071 SF

ZONING

PD

APN/PARCEL ID

R-10436-00A-002R-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 Notice.