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    OFF-MARKET
    Lifestyle centers

    3791 Virginia Pkwy, McKinney, TX 75071

    17,958 SF 2.31 ac lot Built 2024
    Property ID
    Property summary
    AI-generated overview

    This exceptional 17,958-square-foot shopping center in McKinney, Texas, presents a compelling investment opportunity. Built in 2024, this stabilized, multi-tenant property boasts 100% occupancy across four tenants, all under NNN leases with scheduled rent increases. The two-building complex features a modern design, situated on a 2.31-acre lot with ample concrete parking. Two end-cap suites offer convenient drive-thru access, enhancing tenant appeal. Located on Virginia Parkway near Hardin Boulevard, the center benefits from high daily traffic counts (51,912 vehicles) and excellent visibility. The property's strategic location within a thriving retail corridor, surrounded by affluent residential communities, ensures strong tenant performance and consistent cash flow. Average household incomes within a five-mile radius exceed $131,933, supporting a robust consumer base. The proximity to major employers, including Raytheon's new manufacturing center and Collin College, further strengthens the property's long-term prospects. This turnkey investment offers a 6.00% cap rate and a strong NOI of $670,711, making it an ideal addition to any portfolio. The property's six units are spread across two buildings, offering flexibility and potential for future growth. The leases are all new 10-year terms, providing long-term stability and predictable income. National tenants occupy 68% of the gross leasable area, further solidifying the investment's value. This is a rare opportunity to acquire a high-performing retail asset in one of Texas's fastest-growing markets.

    Property profile
    Verified
    Property type Lifestyle centers
    Year built 2024
    Total area 17,958 SF
    Lot 2.31 ac (100,624 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Action Behavior Centers - ABA Therapy for Autism Pediatrician
    Value estimations
    Realmo proprietary · 4 methods
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