1820 W University Dr | McKinney, TX 75069
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- LoopNet Team
1820 W University Dr
McKinney, TX 75069
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- High-Visibility & Heavy Traffic: Situated on University Drive, and North Central Expressway, both major thoroughfare with 50,000+ daily vehicles.
- Redevelopment Potential: Ideal for future mixed-use or pad given its central positioning.
- Rent Escalations: Next bump in 2028, featuring 10% increases every 5 years—a powerful inflation hedge.
- Strong Demographics: McKinney is one of America’s fastest-growing cities, with affluent households and robust retail demand.
- Long-Term Tenant: Applebee’s has been a community staple for 16+ years with a loyal customer base.
- Franchisee Strength: Backed by one of Texas’s top operators, ensuring tenant reliability.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,489 SF
Building Class
C
Year Built/Renovated
1993/2000
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.65 AC
PROPERTY TAXES
| Parcel Number | R-2161-00A-001B-1 | Improvements Assessment | $989,089 |
| Land Assessment | $1,477,886 | Total Assessment | $2,466,975 |
PROPERTY TAXES
Parcel Number
R-2161-00A-001B-1
Land Assessment
$1,477,886
Improvements Assessment
$989,089
Total Assessment
$2,466,975
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