For Sale
$1,675,000
426 Metro Park Dr McKinney, TX 75071
7,200 SF NNN Ground Lease, 5.57% Cap Rate
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 138
Highlights
- $1,675,000 asking price for a 7,200 SF industrial property in McKinney, TX.
- NNN lease with a credit-rated tenant (Enterprise Rent-A-Car).
- 10-year lease with 5.9 years remaining, plus four 5-year renewal options.
- $232.64/SF price, 5.57% cap rate.
- 1.77 acres, 12 parking spaces, built in 1994.
- 7.5% rent increase at the start of each option period.
Property Details for 426 Metro Park Dr
- Property type
- Warehouses, Industrial properties
- Square Feet
- 7,200 SF
- Year Built
- 1994
- Buildings
- 1
- Lot Size (sq. ft)
- 77,363 SF
Location Insight
- City
- McKinney
- County
- Collin
- State
- Texas
- Latitude
- 33.213365096934
- Longitude
- -96.608658357472
Nearby Similar for Sale
FAQs
- What type of property is this?
- Warehouse - 7,200 SF NNN Ground Lease, 5.57% Cap Rate
- Where is the warehouse located?
- The property is located at 426 Metro Park Dr McKinney, TX.
- What is the asking price?
- The asking price for this property is $1,675,000.
- What are key features of this property?
- This property features: $1,675,000 asking price for a 7,200 SF industrial property in McKinney, TX.; NNN lease with a credit-rated tenant (Enterprise Rent-A-Car).; 10-year lease with 5.9 years remaining, plus four 5-year renewal options.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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