4685 University DrMcKinney, TX 75071

Property Details for 4685 University Dr

Year built

1985

Construction

WOOD FRAME

Lot size

2.00 AC

Property size (Sq ft)

6,712 SF

Zone code

COMM

Property type

Office buildings

APN

R-1233-001-0200-1

APU

R123300102001

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,478,161

  6.5%

  $1,364,456

  7%

  $1,266,995

• Comparable approach

  Method

  Valuation

  Relative Method

  $981,708

  Geo Method

  $807,588

• Alternative Use

  Use

  Valuation

  Residential

  $1,691,926

  Hospitality

  $1,549,795

  Educational

  $1,289,411

  Medical

  $1,333,756

  Retail

  $2,005,750

Location Insight

City

Mckinney

County

Collin

State

Texas

Latitude

33.2175

Longitude

-96.6746

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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