901 N Central Expy SB - Hospitality FOR SALE
McKinney, TX 75069 |
901 N Central Expy SB
McKinney, TX 75069
HIGHLIGHTS
- Currently under construction and will be delivered to new ownership turn-key or upon issuance of the Certificate of Occupancy (CO).
- The property benefits from its strategic location along U.S. Highway 75, near a multitude of demand generators.
- McKinney has led the way in sustainable developments, and its historic business district is one of the largest and most successful in the state.
- The DFW Metroplex is home to numerous Fortune 500 company headquarters including ExxonMobil, J.C. Penney, and American Airlines, among others.
- Based on HVS pro-forma projections, stabilized rooms revenue is anticipated to exceed $3.0 million, with an NOI flow-through of over $1,000,000.
- Upon acquisition and approval, an investor can expect a new, 20-year franchise license agreement with IHG.
FOR SALE DETAILS
PRICE
-
# OF ROOMS
-
CAP RATE
-
STATUS
Under Construction
BUILDING DETAILS
PROPERTY NAME
avid Hotel Dallas-McKinney
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
41652
STORIES
4
ROOM ENTRANCE
Interior
BUILDING CLASS
B
YEAR BUILT
2025
PARKING SPACES
65
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
C3
APN/PARCEL ID
R-9405-00A-005R-1
