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5131 S Custer Rd
McKinney, TX 75070
Custer 3-Tenant Retail · Retail Property For Sale
PROPERTY FACTS
ABOUT 5131 S CUSTER RD , MCKINNEY, TX 75070
Red Mountain Weight Loss, Custer Family Dental & Passion Nail Spa is a 10,430 square foot retail center located in the affluent, high-growth DFW suburb of McKinney, Texas. All three tenants signed 10-year leases with rent commencements in late 2017 and 10% rent escalations after the first five years of term. Red Mountain Weight Loss is a subtenant of MedSpring Urgent Care whose lease is guaranteed by Fresenius Medical Care Holdings, Inc., a $14.9 billion revenue entity in 2017. Average rents for the Property are $31.84 per square foot NNN while comparable new construction along Custer Road is currently leasing over $35.00 per square foot NNN. Red Mountain Weight Loss, Custer Family Dental & Passion Nail Spa is situated at the signalized intersection of Stacy and Custer Roads, the latter being a primary north/south artery connecting Highway 121 (Sam Rayburn Tollway) to Highway 380.
PROPERTY TAXES
| Parcel Number | R-9414-00A-0060-1 | Improvements Assessment | $3,754,967 |
| Land Assessment | $1,498,377 | Total Assessment | $5,253,344 |
PROPERTY TAXES
