8480 TX 121
McKinney, TX 75070
Sprint | Anytime Fitness · Retail Property For Sale

The subject property presents a rare opportunity to acquire a 6,975-square foot two-tenant retail building in the highly desirable Dallas-Fort Worth suburb of McKinney, Texas. Anytime Fitness is a brand new six-year lease and occupies 79 percent of the gross leasable area. Sprint occupies the remaining suite and is a ten-year lease with a corporate guarantee. Both leases are triple-net and include a rent bump during the initial term and options for renewal. The Anytime Fitness lease has dual personal guarantees. The building is new 2016 construction and is situated on 0.77 acres. The subject property is located on the Sam Rayburn Tollway (Highway 121) near the intersection with Custer Road with excellent freeway visibility. Traffic counts on the Tollway are 129,000 vehicles per day. Located in a power retail center, the subject property is shadowed by Lowe’s Home Improvement and neighbored by Moviehouse & Eatery, Target, Dollar Tree, Ross Dress for Less, Famous Footwear, Staples, PetSmart, On the Border, QuickTrip, Chili’s Grill & Bar, Bank of America, Wells Fargo, 7-Eleven, Wendy’s, Chick-fil-A, Taco Bell, Dickey’s Barbecue Pit, Whataburger, T-Mobile, and others. The surrounding area has phenomenal demographics, with a one-mile average household income of approximately $156,000 and the five-mile population exceeding 274,700 residents. McKinney is the county seat of Collin County, located 30 miles north of downtown Dallas. The city offers an incomparable lifestyle coupled with an exceptional business environment. The economy is diverse and offers a mix of industries - medical technology, data management, manufacturing, sustainability, aviation, defense, retail, office and transportation. The city has attracted companies like Raytheon, Wistron GreenTech, Torchmark, Emerson Process Management, Tong Yang, Simpson Strong-Tie, Tenant Tracker, Manner Plastics and Traxxas. McKinney has led in sustainable developments, and its historic business district is one of the largest and most successful in the state.