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Custer Tour Village 6201 S Custer Road 16,553 SF 100% Leased Retail Building McKinney, TX 75070 $10,615,000 ($641.27/SF) 6% Cap Rate



Investment Highlights
- Complementary Tenant Mix with Mo’ Bettahs Hawaii Food, Ashar Dentistry, Goli Soda, Jerry’s Liquor and Fine Wine, Goli Soda & Rumble boxing
- In-Place Contractual Rent Growth with 4 of 5 Tenants Bumping Annually at 2.5%; Mo’ Bettahs Increases 10% in February 2029
- Dense Retail Corridor with 2.2MM+ SF of Retail GLA in a 2-Mile Radius
- Frisco Ranked #3 Fastest Growing City in the U.S. (Fortune 2024) | McKinney Ranked #1 Real Estate Market in the U.S. (WalletHub 2024)
- Custer Rd Frontage (40,300+ vehicles per day); Proximity to Highway 121 (163,200+ VPD)
- All Tenant Experience Rent Escalations with 4/5 Tenants Bumping Annually; Average Base Lease Term Expiration of March 2033
Executive Summary
100% Leased, 16,554 SF, 5 Tenant Retail Center in McKinney, TX. 2023 Construction with an Average Lease Term Expiration of Q1 2034. Mo-Bettah’s Corporate is on Drive-Thru End Cap. Dense Retail Corridor with 2.2MM+ SF of Retail GLA in a 2-Mile Radius, further enhanced by the nearby Custer Paradise Center, a Class A, 12,600 SF retail development currently underway and located within a one minute walk. Nearby National Tenant Retailers Include Shipley Do-Nuts, Walmart, Target, Ross Dress for Less, Five Below, PetSmart, Lowe’s Home Improvement, Starbucks, Chick Fil A, McDonald’s & Several other National Credit Retailers. On the Border of Booming & Affluent Submarkets of Frisco & McKinney, TX | Average Household Income Exceeds $218,200 & $197,400 in a 1- & 3-Mile Radii; 529% Population Growth Since 2000 in a 3-Mile Radius. Adjacent to The Grove +/- 2,000 Single Family Lots with Homes Priced $478K-$870K; Hunters Creek - 850 Homes, Median List Price $714k & Richwoods - 1,600 Homes, Median List Price $1.098MM. Neighboring TPC Craig Ranch; 18-Hole, Par-72, 7,438-Yard Golf Course Home to CJ Cup Byron Nelson Tournament. Across from Liberty High School of Frisco with 2,080+ Enrollment. Notable Frisco Developments include PGA Headquarters ($550M Development Across 600+ Acres), The Star ($2B+ Headquarters of the Dallas Cowboys) & The Mix ($3B Master-Planned Development over 112 Acres) and Downtown McKinney’s Historic Square & $1B+ in Planned Mixed Use Growth.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
16,553 SF
Building Class
B
Year Built
2021
Price
$10,615,000
Price Per SF
$641.27
Cap Rate
6%
NOI
$636,900
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.20
Lot Size
1.93 AC
Zoning
PD
Nearby Major Retailers
Property Taxes
| Parcel Number | R-10436-00A-002R-1 | Improvements Assessment | $5,370,214 |
| Land Assessment | $1,937,636 | Total Assessment | $7,307,850 |
Property Taxes
Parcel Number
R-10436-00A-002R-1
Land Assessment
$1,937,636
Improvements Assessment
$5,370,214
Total Assessment
$7,307,850
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Custer Tour Village | 6201 S Custer Road
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