Leased Multi-Tenant Retail
3180 Eldorado Parkway McKinney McKinney, TX 75070
New
3180 Eldorado Parkway McKinney, McKinney, TX, 75070
$3,500,000
For Sale
$3,500,000
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 Market3
Property Features for 3180 Eldorado Parkway McKinney
General Information
- Standard status
- Active
- Size
- 12,000 SF
Building Details
- Year Built
- 2006
Listing Agency
(800) 683-5651
Listed by
Travion Brown
(800) 683-5651
Source
Jparhouston
Added: Jul 15 Checked: Jul 17 at 2:37 am
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 Travion Brown
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
Local 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 For Sale Nearby
FAQs
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
