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1212 W McDermott Dr
Allen, TX 75013
McDermott Shops · Retail Property For Sale
Executive Summary
100% Occupied 9,600 SF Retail Strip on NNN Leases | Drive-Thru End Cap
Average Rent is Below Market at Only $27/SF – Comparable Shop Space Leasing at $30-$35/SF |4/5 Tenant Leases Contain FMV Options
Synergistic Mix of Tenants Complementing Surrounding High-Income Communities (Twin Creeks, Waters Creek, etc.)
Allen Named Best City to Move to in Texas (Click HERE for More Info)
Excellent Visibility Fronting McDermott Dr – Visible to Over 33,656 Vehicles per Day
Less Than a Mile from US 75 – Over 200,000 Vehicles per Day
Outstanding Demographics | Over $163,000 Average Household Income in a 1 Mile Radius – More than Double National Average
Densely Populated Trade Area – Over 356,000 Residents in a 5 Mile Radius
Surrounding National Retailers in Immediate Trade Area Include Target, Lowe’s, The Home Depot, Kroger, Hobby Lobby, McDonald’s, Chipotle, Chick-fil-A & Many More
Average Rent is Below Market at Only $27/SF – Comparable Shop Space Leasing at $30-$35/SF |4/5 Tenant Leases Contain FMV Options
Synergistic Mix of Tenants Complementing Surrounding High-Income Communities (Twin Creeks, Waters Creek, etc.)
Allen Named Best City to Move to in Texas (Click HERE for More Info)
Excellent Visibility Fronting McDermott Dr – Visible to Over 33,656 Vehicles per Day
Less Than a Mile from US 75 – Over 200,000 Vehicles per Day
Outstanding Demographics | Over $163,000 Average Household Income in a 1 Mile Radius – More than Double National Average
Densely Populated Trade Area – Over 356,000 Residents in a 5 Mile Radius
Surrounding National Retailers in Immediate Trade Area Include Target, Lowe’s, The Home Depot, Kroger, Hobby Lobby, McDonald’s, Chipotle, Chick-fil-A & Many More
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
9,600 SF
Building Class
B
Year Built
2003
Price
$4,250,000
Price Per SF
$442.71
Cap Rate
6.15%
NOI
$261,408
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.22
Lot Size
0.99 AC
Zoning
SC-SHOPPIN - Retail/Commercial
Parking
68 Spaces (7.08 Spaces per 1,000 SF Leased)
Frontage
181’ on W McDermott Dr
Property Taxes
| Parcel Number | R-4309-00A-0040-1 | Improvements Assessment | $2,298,916 |
| Land Assessment | $730,227 | Total Assessment | $2,814,172 |
Property Taxes
Parcel Number
R-4309-00A-0040-1
Land Assessment
$730,227
Improvements Assessment
$2,298,916
Total Assessment
$2,814,172
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