Restaurant with Lake-View
New
For Sale
$2,400,000
6601 Mediterranean Drive 6101, McKinney, TX 75072
An existing restaurant tenant occupies the space under a five-year lease with a five-year renewal option.
Property Size4,987 SF
Price / SF$481.25
Days on Market3
Property Features for 6601 Mediterranean Drive 6101
General Information
Standard status
Active
Size
4,987 SF
Property subtype
Retail
Restaurant
Commercial Hood
Yes
Patio
Yes
Additional Details
Cap Rate
7%
Tenant in Place
Yes
Building Details
Building Size
4,987 SF
Year Built
2013
Listing Agency:
LivingWell Realty
Listed By:
Brent & Deb Wells
(972) 825-3672
Source:
Livingwell
Added: Oct 26
Changed: Oct 27
Last Checked: Oct 26 at 11:59AM
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 LivingWell Realty
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Investment Insights
Based on property information with market context.
This 4,987-square-foot restaurant in Adriatica Village includes a bar with backlit quartzite, wood flooring, ceiling-mounted acoustic panels and a glass wine cellar. Kitchen ventilation totals approximately 27 feet of hood length. Electrical and lighting systems have been upgraded, and the space has a new audio system. A patio faces Adriatica Lake.
The property is in McKinney, near Stonebridge Ranch, Frisco and Prosper. The existing restaurant tenant has a five-year lease, a further five-year renewal option and annual rent increases. The three restaurant partners have provided personal guarantees. The reported cap rate is approximately 7%.
The property is in McKinney, near Stonebridge Ranch, Frisco and Prosper. The existing restaurant tenant has a five-year lease, a further five-year renewal option and annual rent increases. The three restaurant partners have provided personal guarantees. The reported cap rate is approximately 7%.
Key Highlights
- 4,987‑square‑foot restaurant space
- Patio overlooking Adriatica Lake
- Kitchen hood length totals approximately 27 feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$85,885
Cap Rate
3.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,717,700
$1.7M
Cap Rate 7%
$1,226,929
$1.2M
Cap Rate 9%
$954,278
$954.3K
Market Conditions
NOI Build-Up for 4,987 SF
Gross rent
$120.3K $24.12/SF
− Vacancy
−$5.8K −$1.16/SF
EGI
$114.5K $22.96/SF
− OpEx
−$28.6K −$5.74/SF
NOI
$85.9K $17.22/SF
Area
McKinney, TX
Vacancy
4.80%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,717,700
Cap Rate 7%
$1,226,929
Cap Rate 9%
$954,278
Alternative Uses
Best Use
Specialty Retail
$1.23M
$1.07M – $1.43M
NOI $85,885 @ 7.0% cap · market cap 3.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.40M
$1.23M – $1.64M
NOI $98,144 @ 7.0% cap · market cap 4.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
996
Businesses Nearby
80k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 63%
Groceries 32%
Shops & Services 5%
Tom Thumb
Groceries
25,592 visits/mo
0.4 miles
McDonald's
Dining
21,407 visits/mo
0.3 miles
Starbucks
Dining
14,496 visits/mo
0.3 miles
Panda Express
Dining
13,164 visits/mo
0.4 miles
The UPS Store
Shops & Services
1,564 visits/mo
0.3 miles
Demographics for 75072, TX
55,538
Population
18,618
Households
3
Avg Household Size
38
Median Age
62%
College-Educated
98%
High-School Grad
12.1 sq mi
ZIP Area
4,590
Density / Sq Mi
$155,294
Median Household Income
$74,341
Median Earnings
$2,317
Median Rent
$472,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - An existing restaurant tenant occupies the space under a five-year lease with a five-year renewal option.
Where is this conventional restaurant located?
The property is located at 6601 Mediterranean Drive 6101 McKinney, TX.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: 4,987‑square‑foot restaurant space; Patio overlooking Adriatica Lake; Kitchen hood length totals approximately 27 feet
