8551 Eldorado Pky - Retail FOR SALE


McKinney, TX 75070- Allen/McKinney
$16,613,000 USD
480-221-4221
8551 Eldorado Pky, McKinney, TX for Sale
$16,613,000 USD
Retail - FOR SALE
1/6
null | 6.5% Cap Rate

8551 Eldorado Pky
McKinney, TX 75070
Allen/McKinney


HIGHLIGHTS

  • New, 20-Year Lease | Franchisee Guaranteed Lease (75+ Units) |Options To Extend | Scheduled Rental Increases
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Custer Star Center | The Grove Frisco (3,000 Units)
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Crunch Fitness investment property located in McKinney, Texas. The tenant, Crunch Fitness recently signed a brand new, 20-year lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$16,613,000 USD

PRICE/SF

$415 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

STATUS

Proposed

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Crunch Fitness | New 20yr Abs NNN w/ Incrs

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Freestanding, Health Club

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

5.48 AC

LAND SF

238,709 SF

ZONING

C2

APN/PARCEL ID

R-4266-00A-0010-1

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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