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WellMed 3-Tenant McKinney Retail 1620 N Hardin Blvd 15,026 SF 100% Leased Retail Building McKinney, TX 75071 $9,184,000 ($611.21/SF) 6.15% Cap Rate
Investment Highlights
- Complementary Tenant Mix led by WellMed (Corporate), Milano Nail Spa & O’ Desi Aroma (Multi-Unit Restaurant)
- Dominant Intersection of US HWY 380, a Dominant East/West Thoroughfare in Northern DFW, & Hardin Boulevard (63,800+ VPD Combined)
- Directly Adjacent to At Home (National Furniture Retailer with 230 Locations Across 39 States & Traffic Driver) & Dollar Tree
- WellMed is Optum-owned (United-Health Group, NYSE: UNH); 1M+ Patients
- Dense Retail Corridor with 4.3M+ SF of Retail GLA in a 2-Mile Radius & 58K+ SF Under Construction
- McKinney, TX Ranked #1 Real Estate Market in the US in 2024 by WalletHub
Executive Summary
3-Tenant Retail Center Positioned at the Dominant Intersection of Highway 380 & Hardin Blvd in the High-Growth & Affluent North Dallas Submarket of McKinney, TX
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
15,026 SF
Building Class
B
Year Built
2022
Price
$9,184,000
Price Per SF
$611.21
Cap Rate
6.15%
NOI
$564,873
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.06
Lot Size
6.11 AC
Parking
200 Spaces (16.67 Spaces per 1,000 SF Leased)
Frontage
195’ on Bois D'Arc Rd
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
1 of 5
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WellMed 3-Tenant McKinney Retail | 1620 N Hardin Blvd
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