Class B Medical Office
For Sale
$3,328,240
2760 Virginia Pkwy, McKinney, TX 75071
8,497 SF Class B medical office building leased 100% to two tenants under new five-year triple-net terms.
Property Size8,497 SF
Price / SF$391.70
Days on Market160
Property Features for 2760 Virginia Pkwy
General Information
Standard status
Active
Size
8,497 SF
Class
Class B
Property subtype
Office Medical
Occupancy
100%
Site & Location
Traffic Count
25,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Amenities
100% LEASED MEDICAL OFFICE WITH NEW 5-YEAR, NNN LEASES
Below-Market Rents with Upside
APPROXIMATELY $400K IN TENANT IMPROVEMENTS
STRATEGIC CORRIDOR LOCATION WITH STRONG ACCESS
Building Details
Building Size
8,497 SF
Year Built
2001
Tenancy
Multi
Listing Agency:
Dallas Office
(972) 755-5200
Listed By:
Philip Levy · License #TX: 0522087-SA
(972) 755-5225
Source:
Marcusmillichap
Added: May 16
Changed: Oct 21
Last Checked: Oct 20 at 5:14PM
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 Dallas Office
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Investment Insights
Based on property information with market context.
This 8,497-square-foot Class B medical office building is designed to serve professional medical or office tenants. The property is 100% leased to ACES Autism Therapy Center (61% of the GLA) and Lockhart Matter Dermatology (39% of the GLA). Both tenants are on new five-year, triple-net lease terms featuring annual rent increases.
The building offers frontage and visibility along Virginia Parkway in a dense commercial and medical corridor in McKinney, Texas. It is described as having strong daily traffic with over 25,000 vehicles passing the site, and it is easily accessible from major roads and highways. The property is approximately 0.71 miles from the Medical Center Drive corridor and about 1.15 miles west of North Central Expressway (US-75).
The building offers frontage and visibility along Virginia Parkway in a dense commercial and medical corridor in McKinney, Texas. It is described as having strong daily traffic with over 25,000 vehicles passing the site, and it is easily accessible from major roads and highways. The property is approximately 0.71 miles from the Medical Center Drive corridor and about 1.15 miles west of North Central Expressway (US-75).
Key Highlights
- 8,497 SF Class B medical office building built in 2001
- 100% leased to ACES Autism Therapy Center (61% of GLA) and Lockhart Matter Dermatology (39% of GLA)
- Both tenants are on new five‑year triple‑net lease terms with annual rent increases
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$110,121
Cap Rate
3.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,202,420
$2.2M
Cap Rate 7%
$1,573,157
$1.6M
Cap Rate 9%
$1,223,567
$1.2M
Market Conditions
NOI Build-Up for 8,497 SF
Gross rent
$203.9K $24.00/SF
− Vacancy
−$20.4K −$2.40/SF
EGI
$183.5K $21.60/SF
− OpEx
−$73.4K −$8.64/SF
NOI
$110.1K $12.96/SF
Area
McKinney, TX
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,202,420
Cap Rate 7%
$1,573,157
Cap Rate 9%
$1,223,567
Alternative Uses
Best Use
Healthcare Medical
$1.57M
$1.38M – $1.84M
NOI $110,121 @ 7.0% cap · market cap 3.31%
Second Best
Office B
$1.56M
$1.36M – $1.82M
NOI $109,158 @ 7.0% cap · market cap 3.28%
Theoretical Best
Office A
$2.39M
$2.09M – $2.79M
NOI $167,221 @ 7.0% cap · market cap 5.02%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
25,000 VPD
Traffic count
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
444
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75071, TX
64,449
Population
23,861
Households
2.7
Avg Household Size
35
Median Age
51%
College-Educated
94%
High-School Grad
74.1 sq mi
ZIP Area
870
Density / Sq Mi
$132,839
Median Household Income
$63,459
Median Earnings
$2,105
Median Rent
$448,500
Median Home Value
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - 8,497 SF Class B medical office building leased 100% to two tenants under new five-year triple-net terms.
Where is this medical office space located?
The property is located at 2760 Virginia Pkwy McKinney, TX.
What is the asking price?
The asking price for this property is $3,328,240.
What are key features of this property?
This property features: 8,497 SF Class B medical office building built in 2001; 100% leased to ACES Autism Therapy Center (61% of GLA) and Lockhart Matter Dermatology (39% of GLA); Both tenants are on new five‑year triple‑net lease terms with annual rent increases
