2770 Virginia Pky 11,481 SF 100% Leased Office Building McKinney, TX 75071 $3,750,000 ($326.63/SF) 6.13% Cap Rate

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2770 Virginia Pkwy presents a compelling acquisition opportunity in the heart of McKinney, Texas — one of the nation's most consistently high-growth submarkets. This multi-tenant office condo delivers immediate income potential with a versatile layout suited for medical, professional, and service-oriented tenants. Positioned on Virginia Parkway, McKinney's premier central corridor, the property enjoys outstanding visibility, strong traffic counts, and effortless access to US-75 and Highway 380. McKinney's explosive population growth, affluent surrounding demographics, and robust employment base continue to drive sustained demand for quality office space. With a stable tenant profile, low vacancy risk, and a market that consistently outpaces national benchmarks, this asset offers investors a rare combination of reliable cash flow and long-term appreciation potential in one of DFW's most desirable suburban corridors.
LOCATION DESCRIPTION
Strategically positioned along Virginia Parkway — McKinney's most central east-west corridor — this office condo at 2770 Virginia Pkwy offers exceptional visibility and accessibility in one of North Texas's fastest-growing cities. The property sits just minutes from Highway 75 (Central Expressway) and Highway 380, providing seamless connectivity to the greater DFW metroplex. Surrounded by well-established residential neighborhoods and a thriving professional community, the location benefits from consistent daily traffic and a built-in consumer base. McKinney's pro-business environment, top-ranked quality of life, and continued population growth make this an ideal address for law firms, medical practices, financial professionals, and a wide range of service-oriented businesses. Whether you're establishing a new practice or expanding your footprint, 2770 Virginia Pkwy places your business at the heart of it all.
HIGHLIGHTS
100% Occupied, Stabilized Asset — Fully leased to a mix of long-term medical tenants with demonstrated staying power, delivering immediate, in-place cash flow from day one with no lease-up risk.
Attractive 6.13% Cap Rate, Offered Below Replacement Cost — Priced to provide a compelling yield relative to comparable medical office product in the DFW market, with significant embedded value given today's construction costs.
Mission-Critical Medical Use — Purpose-built medical office with exam rooms, reception, and healthcare-specific infrastructure, creating high tenant retention and meaningful barriers to relocation — medical tenants average significantly longer tenancy than general office users.
Strategic Location on High-Traffic Virginia Parkway — Situated on one of McKinney's primary east-west corridors with excellent visibility and accessibility, minutes from US-75 and US-380, surrounded by established residential neighborhoods that fuel a built-in patient base.
Explosive, High-Income Submarket — McKinney is currently growing at 3.19% annually with a population of 242,534, up 22.8% since 2020. Collin County ranked second in the nation for numeric population growth from 2024 to 2025, adding nearly 43,000 residents to reach 1.3 million. The median household income in McKinney exceeds $124,000, supporting strong healthcare demand.
Favorable Healthcare Tailwinds — Texas Health Resources has announced plans for a major 51-acre medical campus near US-75 and Laud Howell Parkway in northeast McKinney, scheduled to open in 2028, further cementing McKinney as a regional healthcare hub and driving long-term demand for outpatient medical office space.