1515 N Central Expy
McKinney, TX 75070
Home Depot (Ground Lease) · Retail Property For Sale

Stan Johnson Company is pleased to exclusively offer for sale to qualified investors the ground lease interest property located at 1515 N Central Expy in McKinney, TX 75070 (the Property ). The Property is guaranteed by Home Depot, Inc. (S&P: A). Home Depot is operating under an absolute NNN lease with zero landlord responsibilities and 5% rental increases in each of the eight (8), five (5) year option periods. The Property and lease are well structured, with below market rents ($1.64 PSF). The building is also priced below replacement cost. The Property anchors a shopping center along with Ross and is well-positioned in a prime retail corridor. The Property is also situated just off the freeway with exposure to +/- 138,000 vehicles per day in an area with an average household income of $105,280 and a population of 125,541 within a five (5) mile radius. McKinney is a city in Collin County, Texas, located in the Dallas-Fort Worth Metroplex. As of the 2010 census, the city' s population was 131,117, making it the 19th-most populous city in Texas. Just 30 miles north of downtown Dallas, McKinney is a picturesque city with a small-town feel that is quite different from the Metroplex' s urban sprawl. Texas is also one of the rare states which has no state income, estate or inheritance taxes.