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District 121 6731 Alma Rd 36,723 SF 100% Leased Retail Building McKinney, TX 75070 For Sale
Investment Highlights
- Trophy Restaurant and Retail Asset Located in the Heart of the Highway 121 Corridor Thriving, Affluent DFW Submarket of McKinney, TX
- Thriving Retail, Office, & Residential Trade Area with Over 3.1MM SF of Retail GLA, 2.2MM SF of Office GLA & 13,100+ Multifamily Units in 2Mile Radius
- Significant Long-Term Upside Potential Driven by Continued Residential & Corporate Density & Strong Demand Growth in the Surrounding Trade Area
- High-Profile Intersection of State Highway 121 & Alma Road; Two-Notable DFW Thoroughfares with Combined Traffic Volumes of 87,300+ VPD
- Average Household Incomes of $153,400 & $181,100 in 1- & 5-Mile Radii, Respectively
- Moments from DFW Destinations & Developments: Kalahari Resort; 123-Acre, $8B+ Waterpark Resort & Convention center, and Sloan Corners
Executive Summary
SHOP Investment Sales has been exclusively retained to offer the opportunity to acquire District 121 (the
“Property”), a high-profile restaurant and retail destination located within the State Highway 121 corridor in one of North Texas’ most dynamic and affluent trade areas. The Property benefits from its strategic position at the intersection of State Highway 121 and Alma Road, featuring a dedicated parking garage and thoughtfully integrated shared green space that creates an exceptional pedestrian environment along one of the region’s most heavily trafficked thoroughfares. District 121 is Leased to a complementary mix of notable restaurant and retail operators with over 3.1MM SF of retail GLA and 13,100+ residential units in a 2 mile radius.
“Property”), a high-profile restaurant and retail destination located within the State Highway 121 corridor in one of North Texas’ most dynamic and affluent trade areas. The Property benefits from its strategic position at the intersection of State Highway 121 and Alma Road, featuring a dedicated parking garage and thoughtfully integrated shared green space that creates an exceptional pedestrian environment along one of the region’s most heavily trafficked thoroughfares. District 121 is Leased to a complementary mix of notable restaurant and retail operators with over 3.1MM SF of retail GLA and 13,100+ residential units in a 2 mile radius.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
36,723 SF
Building Class
B
Year Built
2022
NOI
$1,766,507
Percent Leased
100%
Building Height
1 Story
Building FAR
0.23
Lot Size
3.73 AC
Nearby Major Retailers
Property Taxes
| Parcel Number | R-12325-00A-000A-1 | Improvements Assessment | $391,610 |
| Land Assessment | $409,420 | Total Assessment | $801,030 |
Property Taxes
Parcel Number
R-12325-00A-000A-1
Land Assessment
$409,420
Improvements Assessment
$391,610
Total Assessment
$801,030
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District 121 | 6731 Alma Rd
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