Retail Investment Opportunity in
For Sale
$3,500,000
3180 Eldorado Parkway, McKinney, TX 75070
Fully leased retail complex in a rapidly growing market.
Property Size12,000 SF
Price / SF$291.67
Days on Market703
Property Features for 3180 Eldorado Parkway
General Information
Standard status
Active
Size
12,000 SF
Property subtype
Retail
Amenities
Central Air, A/C - Other
3
Building Details
Year Built
2006
Listing Agency:
M&D CRE, LLC
(972) 772-6025
Listed By:
Ross Miller · License #0802154
(972) 772-6025
Source:
Xome
Added: Sep 18, 2024
Changed: Aug 8
Last Checked: Aug 8 at 4:40AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of M&D CRE, LLC
Investment Insights
Based on property information with market context.
This multi-tenant retail complex is located in McKinney, Texas. The property is a 12,000 square-foot retail space that is 100% leased to five tenants. The property has leases extending through 2035 and features scheduled rental escalations. The location benefits from traffic of over 27,000 vehicles passing by daily, as it is situated just off Eldorado Parkway. The property has a 6.60% Cap Rate.
Key Highlights
- 100% Leased Retail Complex: Provides immediate and consistent income.
- Enjoy a strong return on investment with a 6.60% Cap Rate.
- Leases Extend Through 2035: Offers long‑term income stability with tenants in place.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$192,883
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.51%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,857,660
$3.9M
Cap Rate 7%
$2,755,471
$2.8M
Cap Rate 9%
$2,143,144
$2.1M
Market Conditions
NOI Build-Up for 12,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$289.4K $24.12/SF
− Vacancy
−$13.9K −$1.16/SF
EGI
$275.5K $22.96/SF
− OpEx
−$82.7K −$6.89/SF
NOI
$192.9K $16.07/SF
Area
McKinney, TX
Vacancy
4.80%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,857,660
Cap Rate 7%
$2,755,471
Cap Rate 9%
$2,143,144
Alternative Uses
Best Use
Retail
$2.76M
$2.41M – $3.21M
NOI $192,883 @ 7.0% cap · market cap 5.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.37M
$2.95M – $3.94M
NOI $236,160 @ 7.0% cap · market cap 6.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
665
Businesses Nearby
175k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 49%
Shops & Services 26%
Groceries 18%
Beauty & Spa 4%
Tom Thumb
Groceries
31,397 visits/mo
0.2 miles
McDonald's
Dining
25,736 visits/mo
0.1 miles
SONIC Drive In
Dining
15,393 visits/mo
0.1 miles
Exxon
Shops & Services
14,488 visits/mo
0.1 miles
Starbucks
Dining
10,265 visits/mo
0.2 miles
Demographics for 75070, TX
57,712
Population
24,323
Households
2.4
Avg Household Size
34
Median Age
57%
College-Educated
98%
High-School Grad
11.3 sq mi
ZIP Area
5,107
Density / Sq Mi
$106,549
Median Household Income
$65,855
Median Earnings
$1,799
Median Rent
$429,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - Fully leased retail complex in a rapidly growing market.
Where is this shopping center located?
The property is located at 3180 Eldorado Parkway McKinney, TX.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 100% Leased Retail Complex: Provides immediate and consistent income.; Enjoy a strong return on investment with a 6.60% Cap Rate.; Leases Extend Through 2035: Offers long‑term income stability with tenants in place.
