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4-Tenant Strip 4020 W University Dr 7,924 SF 100% Leased Retail Building McKinney, TX 75071 $5,462,000 ($689.30/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- Over 8 Years Of WALT Remaining | Options To Extend | Scheduled Rental Increases
- Outparcel to Dave & Busters Center (Under Construction) | Dense Retail Corridor
- NNN Leases | Fee Simple Ownership | Minimal Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
EXECUTIVE SUMMARY
SRS Multi-Tenant Investments is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, 4-tenant strip investment property located in McKinney, Texas. The tenants are operating on 10-year leases with options to extend and over 8 years of WALT remaining, demonstrating their commitment to the site. All of the leases feature rental increases in year 6 of the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The leases are NNN with minimal landlord responsibilities making it an ideal, low management investment opportunity for a passive investor.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
7,924 SF
Year Built
2023
Price
$5,462,000
Price Per SF
$689.30
Cap Rate
6%
NOI
$327,736
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
1.08 AC
Zoning
C2 - Local Commercial
Parking
46 Spaces (5.81 Spaces per 1,000 SF Leased)
AMENITIES
- Pylon Sign
- Signage
- Drive Thru
NEARBY MAJOR RETAILERS
1 of 10
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4-Tenant Strip | 4020 W University Dr
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