4685 University DrMcKinney, TX 75071

For Sale
$5,982,000
High-growth area, corporate guaranteed lease.

Overview

Added:
Dec 11, 2024
Days on market:
126
This exceptional investment opportunity presents a 15-year ground lease with Moon Valley Nurseries, a financially strong tenant with over 50 locations across seven states and annual sales exceeding $300 million. Located at 4685 W University Dr, McKinney, TX 75071, this 3,200 square foot storefront sits on a sizable 4-acre lot with excellent visibility on Highway 380 (50,900+ VPD), near the intersection of Highway 75 (237,200+ VPD). The property boasts a 5.85% cap rate, 100% occupancy, and a lease commencement date of March 15, 2024, expiring March 31, 2039. The lease includes a corporate guarantee, annual rent escalations of 2%, and two 5-year renewal options with 10% increases each. The building, constructed in 2024, features two highly visible pylon signs. The surrounding area showcases strong demographics, with average household incomes exceeding $160,800 within a 1-mile radius, and significant population growth (over 1,202% increase between 2000 and 2024). Nearby national retailers include Costco, Kroger, Home Depot, Lowe's, Target, and many more, indicating a thriving retail environment. The asking price is $5,982,000. This is a rare opportunity to acquire a stable, high-performing retail investment in a prime McKinney location. The property offers zero landlord responsibilities, making it an attractive, low-maintenance investment.

Highlights

  • 15-Year Ground Lease with Moon Valley Nurseries, a financially strong tenant with 50+ locations and over $300 million in annual sales, located at 4685 W University Dr, McKinney, TX.
  • Zero landlord responsibilities; 2% annual rent escalations and two 5-year renewal options with 10% increases each.
  • 4-acre site with excellent visibility on Highway 380 (50,900+ VPD), near the intersection of Highway 75 (237,200+ VPD).
  • Strong tenant with 50+ locations across seven states and over $300 million in annual sales.
  • Prime location near the intersection of Highways 75 and 380, with over 2,500,000 SF of retail and entertainment space and a vacancy rate below 1.5%.
  • Average household income exceeding $160,800 within a 1-mile radius.

Property Details for 4685 University Dr

Property type
Retail properties, Retail space
Square Feet
3,200 SF
Year Built
2024
Buildings
1
Stories
1
Lot Size (sq. ft)
174,240 SF

Location Insight

City
McKinney
County
Collin
State
Texas
Latitude
33.217919159755
Longitude
-96.674691302133
4685 University Dr, McKinney, Texas

FAQs

What type of property is this?
Retail property - High-growth area, corporate guaranteed lease.
Where is the retail property located?
The property is located at 4685 University Dr McKinney, TX.
What is the asking price?
The asking price for this property is $5,982,000.
What are key features of this property?
This property features: 15-Year Ground Lease with Moon Valley Nurseries, a financially strong tenant with 50+ locations and over $300 million in annual sales, located at 4685 W University Dr, McKinney, TX.; Zero landlord responsibilities; 2% annual rent escalations and two 5-year renewal options with 10% increases each.; 4-acre site with excellent visibility on Highway 380 (50,900+ VPD), near the intersection of Highway 75 (237,200+ VPD).
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.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
4685 University Dr
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message