4010 University DrMcKinney, TX 75071

Property Details for 4010 University Dr

Year built

2024

Lot size

1.50 AC

Property size (Sq ft)

7,026 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

Exceptional investment opportunity in McKinney, Texas. This 7,026 square foot, 3-tenant shopping center boasts a 6.25% cap rate and a 100% occupancy. Built in 2024, the property features long-term NNN leases with built-in rental escalations, simplifying management. Each suite is under 3,000 square feet, maximizing leasability. The center benefits from a prime location on Highway 380, a major east-west thoroughfare in North DFW, with visibility to over 50,000 vehicles daily. Its strategic placement across from Raytheon's Space and Airborne Systems headquarters (employing over 3,000) and near numerous national retailers (Costco, Walmart, Target, etc.) ensures high traffic and strong tenant demand. The 1.5-acre lot offers potential for future expansion with a pad site suitable for anchor tenants. McKinney's robust growth (ranked 4th fastest-growing big city in the US in 2020) and exceptional demographics (average household income exceeding $129,000 within a 1-mile radius) further enhance the investment potential. The asking price is $4,650,000, with a price per square foot of $661.83 and a net operating income (NOI) of $290,592. This Class A property presents a rare opportunity to acquire a high-performing retail asset in a thriving market.

Location Insight

City

McKinney

County

Collin

State

Texas

Latitude

33.218

Longitude

-96.6657

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