3250 Craig Dr, McKinney, TX 75070

Building Details

Year Built

2006

Listing agent Zachary Ficke License #TX 688207

Listing office Colliers - Dallas, Texas

Listing date Nov 8, 2023

Source Crexi

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Overview

This single-tenant office property at 3250 Craig Drive in McKinney, Texas, presents an investment opportunity. The property is fully leased to the Social Security Administration (SSA). Developed as a build-to-suit in 2006, the tenant reaffirmed their commitment in 2021 with a new 15-year lease term. The property includes 15,544 rentable square feet and is situated on an oversized 2.55-acre lot directly off I-75 and Sam Rayburn Tollway (SH 121). Recent improvements include upgraded LED lighting and the replacement of all 12 HVAC units in 2021. The property is designed to the SSA's specifications and Level II security requirements, with the recent lease renewal including approximately $575,000 of government-approved TI/BSAC improvements. The location is 30 miles north of Dallas-Fort Worth.

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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Location Insight

• Map
• Local Demand

City

McKinney

County

Collin

State

Texas

Longitude

-96.6455422

Latitude

33.1677096

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FAQs

What type of property is this?

Office building - Single-tenant office property leased to the Social Security Administration.

Where is this office building located?

The property is located at 3250 Craig Dr McKinney, TX.

What are key features of this property?

This property features: Investment grade tenant (S&P AA+) - Social Security Administration (SSA).; New 15‑year lease term reaffirmed in 2021, guaranteed by the U.S. Federal Government.; Located in a thriving market 30 miles north of Dallas‑Fort Worth, Texas.