4051 Custer Rd Mckinney, TX 75070

Exceptional investment opportunity: This 23,343 square foot, two-story retail center in McKinney, Texas, presents a compelling investment opportunity. Built in 2024 and boasting 100% occupancy, the property features a diverse tenant mix including Salons by JC, Mexindo Bar & Restaurant, Hy-Life, Alloy Personal Training, and Cubana Grille & bar. All tenants are under new leases with a weighted average base lease term of 10 years, including annual escalations and renewal options, ensuring long-term stability and income growth. The property's strong financial performance is reflected in its 6.65% cap rate and a Net Operating Income (NOI) of $783,880. Located on a 1.34-acre lot at 4051 S Custer Rd, McKinney, TX 75070, this center benefits from high visibility and convenient access to major thoroughfares. The property is part of a larger mixed-use development, including apartments, amenities, and a daycare center, serving a highly affluent demographic with average household incomes exceeding $157,400 within a one-mile radius and $169,100 within a three-mile radius. McKinney's strong economic growth and recent ranking as the #1 best real estate market in the country further enhance the investment potential. The property's strategic location near Newland Communities' master-planned development, The Grove, provides additional growth opportunities. This retail center offers a rare combination of strong financial performance, desirable location, and long-term lease stability, making it an ideal addition to any investment portfolio. The asking price is $11,787,000, with a price per square foot of $504.95.