Multi-Tenant Retail
3180 Eldorado Parkway McKinney, TX 75070
For Sale
$3,500,000
Multi-tenant retail complex offered for sale with five tenants and leases extending through 2035.
Property Size12,000 SF
Price / SF$291.67
Days on Market9
Property Features for 3180 Eldorado Parkway
General Information
- Standard status
- Active
- Size
- 12,000 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2006
Listing Agency:
M&D CRE, LLC
(972) 772-6025
Listed By:
Ross Miller · License #0802154
Source:
Sociallivingre
Added: Jul 16
Changed: Jul 17
Last Checked: Jul 17 at 2:43AM
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 for-sale multi-tenant retail complex includes approximately 12,000 square feet and is described as 100% leased to five tenants. The property is reported to have leases extending through 2035, along with scheduled rental escalations.
The site is positioned just off Eldorado Parkway in McKinney, Texas, and the public remarks state that more than 27,000 vehicles pass by daily.
The offering is presented as an investment opportunity, with a reported 6.60% cap rate in the public remarks.
The site is positioned just off Eldorado Parkway in McKinney, Texas, and the public remarks state that more than 27,000 vehicles pass by daily.
The offering is presented as an investment opportunity, with a reported 6.60% cap rate in the public remarks.
Key Highlights
- 12,000 SF multi‑tenant retail complex in McKinney, TX with five tenants
- 100% leased with leases extending through 2035
- Includes a stated 6.60% cap rate
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $289.4k | $24.12 |
| − Vacancy | −$13.9k | −$1.16 |
| EGI | $275.5k | $22.96 |
| − OpEx | −$82.7k | −$6.89 |
| NOI | $192.9k | $16.07 |
12,000 SF · lease $24.12/SF/yr · vacancy 4.80% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Zoom Room Dog ...
Animal Training
Furkids & Friends (Formerly ...
Kennel & Boarding Facility
The Mutt Puddle
Pet Grooming Service
Similar Off Market Nearby
- Coinstar Kiosk - Bitcoin ATM — 3001 S Hardin Blvd Safeway, McKinney, TX 75070
FAQs
What type of property is this?
Shopping center - Multi-tenant retail complex offered for sale with five tenants and leases extending through 2035.
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: 12,000 SF multi‑tenant retail complex in McKinney, TX with five tenants; 100% leased with leases extending through 2035; Includes a stated 6.60% cap rate
