1970 N Central Expy
McKinney, TX 75070
Auction:3/19 - 3/21: McKinney Retail Center · Retail Property For Sale

Please contact Trip Green for property tour information. Ten-X and The Woodmont Company are pleased to present the opportunity to purchase the McKinney Retail Center, a Class A retail strip center located in the Dallas-Fort Worth market of McKinney, Texas. This location serves an extended trade area and is located at a major intersection within a regional retail market. Current tenants consist of a complimentary and stable mix of National Credit, Regional Credit and Local Tenants. The property is anchored by Academy Sports + Outdoors with other complimentary retailers including Wal-Mart Super Center, Sam's Club, Lowe's, Super Target, Home Depot, McDonalds, Raising Cane's, Chili's, Chipotle and Chick Fil-A in the immediate vicinity. The property was constructed in 1997 and is currently 84.5% leased. Investment Highlights Main & Main Location: The property is extremely well located in McKinney, TX; one of the strongest retail trade areas and most desirable communities in the Dallas-Fort Worth Metroplex. Anchored by Academy Sports + Outdoors and located at a major intersection with traffic counts exceeding 140,000vpd, the property is a true definition of a Main & Main location Anchored by Academy Sports + Outdoors and located at a major intersection with traffic counts exceeding 140,000vpd, the property is a true definition of a Main & Main location. Immediate Upside: An additional $70,000 in NOI can be immediately realized with the lease up of the properties two vacant suites of 1,200sf and 3,000sf at a below market rental rate of $18.00sf. Stable Mix of Proven Tenants: Average length of existing tenant occupancy is 8yrs and over 70% of the occupied GLA are National Credit or Regional Tenants with multiple locations; the property has a strong historical occupancy of successful tenants. Below Market Rental Rates: The average rental rate for the existing tenants is $14.00 PSF, well below the average quoted rental rate of over $21.57PSF for similar properties in the market. Excellent Demographics: McKinney is one of the fastest growing communities in the D/FW area with historical annual growth rate of 13.9% (2000-2017) and Average Household Incomes exceeding $106,000/yr. Recent Capital Improvements: The property has been well maintained with recent repairs and improvements made to the parking area and exterior lighting systems. Free and Clear Offeri