4800 W University Dr | McKinney, TX 75071
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- LoopNet Team
4800 W University Dr
McKinney, TX 75071
Highway 380 & Lake Forest Retail · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 100% Leased 2023 Construction 3-Tenant Retail Center in the Dominant DFW Submarket of McKinney, TX
- Average Base Lease Expiration of December 2033 with All Tenants Experiencing Rent Bumps During Primary Term
- Total Population within a 1 Mile Radius Increased by 1,300% from 2000 to 2023
- Rents Average $31.63 PSF NNN while Leases for Comparable New Construction Retail Space in McKinney is Leasing in the $40’s to $50+ PSF NNN
- McKinney Recently Ranked #1 as the Best Real Estate Market in the Country (2023, WalletHub)
- Average Household Income Exceeds $150,700, $157,600 & $146,206 in 1, 3 & 5 Mile Radii, Respectively
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
7,929 SF
Building Class
B
Year Built
2023
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.10
Lot Size
1.75 AC
Zoning
F1 - Real Commercial
Parking
22 Spaces (2.77 Spaces per 1,000 SF Leased)
Frontage
373’ on West University Drive
PROPERTY TAXES
| Parcel Number | R-11259-00A-0060-1 | Improvements Assessment | $276,929 |
| Land Assessment | $1,095,534 | Total Assessment | $1,372,463 |
PROPERTY TAXES
Parcel Number
R-11259-00A-0060-1
Land Assessment
$1,095,534
Improvements Assessment
$276,929
Total Assessment
$1,372,463
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