For Sale
$5,982,000

4685 University DrMcKinney, TX 75071

High-growth area, corporate guaranteed lease.

Overview

Added:
Dec 11, 2024
Days on market:
121

Highlights

  • 15-Year Ground Lease with Moon Valley Nurseries, a financially strong tenant with 50+ locations and over $300 million in annual sales, located at 4685 W University Dr, McKinney, TX.
  • Zero landlord responsibilities; 2% annual rent escalations and two 5-year renewal options with 10% increases each.
  • 4-acre site with excellent visibility on Highway 380 (50,900+ VPD), near the intersection of Highway 75 (237,200+ VPD).
  • Strong tenant with 50+ locations across seven states and over $300 million in annual sales.
  • Prime location near the intersection of Highways 75 and 380, with over 2,500,000 SF of retail and entertainment space and a vacancy rate below 1.5%.
  • Average household income exceeding $160,800 within a 1-mile radius.

Property Details for 4685 University Dr

Property type
Retail properties, Retail space
Square Feet
3,200 SF
Year Built
2024
Buildings
1
Stories
1
Lot Size (sq. ft)
174,240 SF

Location Insight

City
McKinney
County
Collin
State
Texas
Latitude
33.217919159755
Longitude
-96.674691302133
4685 University Dr, McKinney, Texas
Leaflet | © OpenStreetMap contributors

FAQs

What type of property is this?
Retail property - High-growth area, corporate guaranteed lease.
Where is the retail property located?
The property is located at 4685 University Dr McKinney, TX.
What is the asking price?
The asking price for this property is $5,982,000.
What are key features of this property?
This property features: 15-Year Ground Lease with Moon Valley Nurseries, a financially strong tenant with 50+ locations and over $300 million in annual sales, located at 4685 W University Dr, McKinney, TX.; Zero landlord responsibilities; 2% annual rent escalations and two 5-year renewal options with 10% increases each.; 4-acre site with excellent visibility on Highway 380 (50,900+ VPD), near the intersection of Highway 75 (237,200+ VPD).
How can I contact the broker?
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4685 University Dr
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