New Retail Center in
1800 N Stonebridge Dr McKinney, TX 75071
For Sale
$8,814,600
Fully leased retail center in high-growth McKinney, Texas corridor.
Property Size15,398 SF
Price / SF$572.45
Days on Market113
Property Features for 1800 N Stonebridge Dr
General Information
- Standard status
- Active
- Size
- 15,398 SF
- Property subtype
- Shopping Strip
Building Details
- Year Built
- 2023
Listing Agency:
Marcus & Millichap - Dallas
(817) 932-6122
Listed By:
Chris Gainey · License #License(s): TX: 612970
(817) 932-6122
Source:
Marcusmillichap
Added: Apr 3
Changed: Jul 10
Last Checked: Jul 23 at 2:38AM
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 Marcus & Millichap - Dallas
Investment Insights
Based on property information with market context.
Victory Shops at Stonebridge III is a 15,398-square-foot, multi-tenant retail center constructed in 2023. It is located in McKinney, Texas, within the high-growth US-380/University Drive corridor. The property is fully leased with long-term, personally guaranteed, triple-net leases. Tenants include health and wellness brands such as Burn Boot Camp, BodyBar Pilates, Degree Wellness, and Deka Lash. An expanded patio area on the west end of the property could be utilized for future restaurant tenants. The property benefits from direct access to dense, affluent residential trade areas anchored by the Stonebridge Ranch master-planned community, which provides a deep base of daily-needs consumers and consistent service/restaurant demand. The surrounding area includes retailers such as Walmart Supercenter, AutoZone, Fuzzy's Taco Shop, Jason's Deli, The Home Depot, Sprouts Farmers Market, and Lowe's. The area has a total population of 88,290 within three miles and 236,110 within five miles. The average household income is $185,334 within one mile, $158,743 within three miles, and $158,698 within five miles.
Key Highlights
- Located in McKinney's high‑growth US‑380/University Drive corridor.
- New construction (2023) multi‑tenant retail center.
- Fully leased with long‑term, personally guaranteed, triple‑net leases.
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 | $371.4k | $24.12 |
| − Vacancy | −$17.8k | −$1.16 |
| EGI | $353.6k | $22.96 |
| − OpEx | −$106.1k | −$6.89 |
| NOI | $247.5k | $16.07 |
15,398 SF · lease $24.12/SF/yr · vacancy 4.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.54M
$3.09M – $4.13M
NOI $247,501 @ 7.0% cap · market cap 2.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.33M
$3.79M – $5.05M
NOI $303,033 @ 7.0% cap · market cap 3.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Stonebridge United Methodist ...
Church
BODYBAR Pilates - McKinney
Gym & Fitness Center
Deka Lash
Hair Salon
The Hy-Life Fine Wine ...
(Bike/Boat/Book/etc) Store
Burn Boot Camp
Gym & Fitness Center
FAQs
What type of property is this?
Shopping center - Fully leased retail center in high-growth McKinney, Texas corridor.
Where is this shopping center located?
The property is located at 1800 N Stonebridge Dr McKinney, TX.
What is the asking price?
The asking price for this property is $8,814,600.
What are key features of this property?
This property features: Located in McKinney's high‑growth US‑380/University Drive corridor.; New construction (2023) multi‑tenant retail center.; Fully leased with long‑term, personally guaranteed, triple‑net leases.
