For Sale
$3,500,000

3180 Eldorado Pkwy McKinney, TX 75070

High-Yield Retail Complex in McKinney, TX

Overview

Added:
Feb 3
Days on market:
74
This exceptional 12,000-square-foot retail property, situated on a 1.1-acre lot at 3180 Eldorado Parkway in McKinney, Texas, presents a compelling investment opportunity. Currently 85% leased to five diverse tenants, this multi-tenant complex boasts a strong pro forma cap rate of 6.47%. The leases are in place with terms extending through 2034, providing long-term stability and predictable income streams. Built-in rental escalations further enhance the investment's potential for future growth. The property's prime location just off Eldorado Parkway ensures high visibility and accessibility, benefiting from significant daily traffic exceeding 27,000 vehicles. This translates to substantial foot traffic and exposure for the tenants, contributing to the overall strength of the investment. The thriving McKinney market offers a dynamic and expanding commercial landscape, making this retail center an attractive prospect for investors seeking a stable, high-yield asset with long-term growth potential. The property's current occupancy and lease terms provide immediate cash flow, while the location and market conditions suggest a promising future for appreciation. This is a rare opportunity to acquire a well-positioned, multi-tenant retail complex in a rapidly growing Texas city. The asking price is $3,500,000.

Property Details for 3180 Eldorado Pkwy

Property type
Retail properties
Square Feet
12,000 SF
Year Built
2006
Lot Size (sq. ft)
47,916 SF

Location Insight

City
McKinney
County
Collin
State
Texas
Latitude
33.16936
Longitude
-96.66608
3180 Eldorado Pkwy, McKinney, Texas

FAQs

What type of property is this?
Retail property - High-Yield Retail Complex in McKinney, TX
Where is the retail property located?
The property is located at 3180 Eldorado Pkwy McKinney, TX.
What is the asking price?
The asking price for this property is $3,500,000.
How can I contact the broker?
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3180 Eldorado Pkwy
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