885 Junction DrAllen, TX 75013

Property Details for 885 Junction Dr

Year built

2020

Lot size

1.06 AC

Property size (Sq ft)

7,796 SF

Property type

Office buildings

APN

R-1890-00E-5R32-1

APU

R189000E5R321

Description

This exceptional 7,907-square-foot retail property, built in 2021, is located at 885 Junction Drive in Allen, Texas, within the Allen/McKinney submarket of the Dallas/Fort Worth metroplex. Situated in Collin County, zip code 75013, this Class A space enjoys a prime location with convenient access to Central Expressway, Exchange Parkway, and McDermott Drive. The property is currently 100% leased to Action Behaviors Center, a rapidly expanding autism center with over 160 locations nationwide. This single-tenant lease offers a stable income stream with a seven-year initial term and two five-year renewal options, ensuring long-term financial security for investors. The property boasts an above-market rental rate and benefits from the strong cash flow generated by a private equity-backed tenant. The building provides ample parking, with 2.25 spaces per 1,000 square feet. This investment opportunity is further enhanced by the growing demand for autism services nationwide, fueled by increased federal allocations. The property is situated in an amenity-rich area with excellent demographics, making it an attractive addition to any stabilized portfolio.

• CAP approach

  CAP return

  Valuation

  6%

  $1,716,886

  6.5%

  $1,584,818

  7%

  $1,471,617

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,140,255

  Geo Method

  $938,015

• Alternative Use

  Use

  Valuation

  Residential

  $1,965,175

  Hospitality

  $1,800,089

  Educational

  $1,497,653

  Medical

  $1,549,160

  Retail

  $2,329,683

Location Insight

City

Allen

County

Collin

State

Texas

Latitude

33.1102

Longitude

-96.6794

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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