High-Visibility Retail Storefront
For Sale
Contact for pricing
617 N McDonald St, McKinney, TX 75069
Retail storefront on 0.91 acres with roughly 56 surface parking spaces, offered for sale with an optional liquor store business.
Property Size8,400 SF
Lot Size0.91 Acres
Price / SF$327.38
Days on Market131
Property Features for 617 N McDonald St
General Information
Standard status
Active
Size
8,400 SF
Total Parking Spaces
56
Lot size
0.91 Acres
Property subtype
Retail
Building Details
Year Built
2003
Year Renovated
2024
Listing Agency:
Fullcircle Real Estate
Listed By:
Dipika PATEL · License #0813117
Source:
Crexi
Added: Apr 28
Changed: Aug 24
Last Checked: Aug 31 at 2:03PM
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 Fullcircle Real Estate
Investment Insights
Based on property information with market context.
617 N McDonald Street is a retail storefront for sale comprising approximately 8,400 square feet on a 0.91-acre lot with roughly 56 surface parking spaces. The offering also includes an option to purchase the liquor store business for additional value.
The property is presented as high-visibility and positioned near future regional growth, including McKinney National Airport (TKI) commercial service projected to begin in late 2026, with an associated projected economic impact of $400 million annually. The remarks also cite the planned Spur 399 extension to connect U.S. 75 to U.S. 380 and a nearby McKinney Air Business Park (250,000 square feet) breaking ground in early 2026.
For planning purposes, the site supports customer parking and a retail configuration within an active area of McKinney (ZIP 75069), with the public remarks pointing to strong local demand indicators for commercial services.
The property is presented as high-visibility and positioned near future regional growth, including McKinney National Airport (TKI) commercial service projected to begin in late 2026, with an associated projected economic impact of $400 million annually. The remarks also cite the planned Spur 399 extension to connect U.S. 75 to U.S. 380 and a nearby McKinney Air Business Park (250,000 square feet) breaking ground in early 2026.
For planning purposes, the site supports customer parking and a retail configuration within an active area of McKinney (ZIP 75069), with the public remarks pointing to strong local demand indicators for commercial services.
Key Highlights
- Retail storefront on 0.91 acres with roughly 56 surface parking spaces
- Year built 2003
- About 2–3 miles from McKinney National Airport, with commercial service projected to begin in late 2026
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$135,018
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.91%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,700,360
$2.7M
Cap Rate 7%
$1,928,829
$1.9M
Cap Rate 9%
$1,500,200
$1.5M
Market Conditions
NOI Build-Up for 8,400 SF
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.
Gross rent
$202.6K $24.12/SF
− Vacancy
−$9.7K −$1.16/SF
EGI
$192.9K $22.96/SF
− OpEx
−$57.9K −$6.89/SF
NOI
$135.0K $16.07/SF
Area
McKinney, TX
Vacancy
4.80%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,700,360
Cap Rate 7%
$1,928,829
Cap Rate 9%
$1,500,200
Alternative Uses
Best Use
Retail
$1.93M
$1.69M – $2.25M
NOI $135,018 @ 7.0% cap · market cap 4.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.36M
$2.07M – $2.76M
NOI $165,312 @ 7.0% cap · market cap 6.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,660
Businesses Nearby
55k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 53%
Shops & Services 21%
Dining 21%
Electronics 5%
El Rancho Supermercado
Groceries
29,093 visits/mo
0.1 miles
Mellow Mushroom
Dining
11,443 visits/mo
0.4 miles
Dollar General
Shops & Services
4,602 visits/mo
0.4 miles
CubeSmart Self Storage
Shops & Services
2,518 visits/mo
0.3 miles
O'Reilly Auto Parts
Shops & Services
2,466 visits/mo
0.3 miles
Demographics for 75069, TX
39,084
Population
16,958
Households
2.3
Avg Household Size
38
Median Age
37%
College-Educated
88%
High-School Grad
33.7 sq mi
ZIP Area
1,160
Density / Sq Mi
$82,804
Median Household Income
$42,816
Median Earnings
$1,530
Median Rent
$413,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- theluxepoppy.com — 111 S Chestnut St Suite A, McKinney, TX 75069
- Holly Viles Design — 305 E Louisiana St, McKinney, TX 75069
Frequently Asked Questions
What type of property is this?
Storefront property - Retail storefront on 0.91 acres with roughly 56 surface parking spaces, offered for sale with an optional liquor store business.
Where is this storefront property located?
The property is located at 617 N McDonald St McKinney, TX.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Retail storefront on 0.91 acres with roughly 56 surface parking spaces; Year built 2003; About 2–3 miles from McKinney National Airport, with commercial service projected to begin in late 2026
