Leased Multi-Tenant Retail
For Sale
$3,500,000
3180 Eldorado Parkway McKinney, McKinney, TX 75070
A 100% leased, multi-tenant retail complex with leases extending through 2035 and scheduled rental escalations.
Property Size12,000 SF
Price / SF$291.67
Days on Market38
Property Features for 3180 Eldorado Parkway McKinney
General Information
Standard status
Active
Size
12,000 SF
Zoning
Commercial
Occupancy
100%
Additional Details
Cap Rate
6.6%
Traffic Count
27,000 vehicles/day
Building Details
Building Size
12,000 SF
Year Built
2006
Stories
1
Tenancy
Multi
Listing Agency:
OPT
(800) 683-5651
Listed By:
Travion Brown
(800) 683-5651
Source:
Jparhouston
Added: Jul 15
Changed: Aug 17
Last Checked: Aug 21 at 4:02AM
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 OPT
Investment Insights
Based on property information with market context.
This multi-tenant retail investment opportunity in McKinney, TX is 100% leased and includes five tenants within a 12,000-square-foot retail complex. Leases extend through 2035 and include scheduled rental escalations. The property is being offered with a stated 6.60% cap rate.
The center is strategically located just off Eldorado Parkway, and the site benefits from reported traffic of over 27,000 vehicles passing by daily.
The property presents a consolidated, income-producing retail configuration built for long-term tenancy, with existing leases and rent escalations in place through the lease expiration timeline.
The center is strategically located just off Eldorado Parkway, and the site benefits from reported traffic of over 27,000 vehicles passing by daily.
The property presents a consolidated, income-producing retail configuration built for long-term tenancy, with existing leases and rent escalations in place through the lease expiration timeline.
Key Highlights
- 100% leased 12,000 SF multi‑tenant retail complex with five tenants
- Leases extend through 2035 with scheduled rental escalations
- 6.60% cap rate reported for the retail investment
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
Lease Details
27,000 VPD
Traffic count
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
665
Businesses Nearby
175k
Monthly Visits Nearby
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?
Strip mall - A 100% leased, multi-tenant retail complex with leases extending through 2035 and scheduled rental escalations.
Where is this strip mall located?
The property is located at 3180 Eldorado Parkway McKinney 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 12,000 SF multi‑tenant retail complex with five tenants; Leases extend through 2035 with scheduled rental escalations; 6.60% cap rate reported for the retail investment
