4685 University Dr Mckinney, TX 75071-4816

Property Details for 4685 University Dr

Year built

1985

Construction

WOOD FRAME

Lot size

2.00 lot acres

Property size

6,712 SF

Zone code

COMM

Property type

Office buildings

APN

R-1233-001-0200-1

APU

R123300102001

Description

This exceptional investment opportunity presents a 15-year ground lease with Moon Valley Nurseries, a financially strong tenant with over 50 locations across seven states and annual sales exceeding $300 million. Located at 4685 W University Dr, McKinney, TX 75071, this 3,200 square foot storefront sits on a sizable 4-acre lot with excellent visibility on Highway 380 (50,900+ VPD), near the intersection of Highway 75 (237,200+ VPD). The property boasts a 5.85% cap rate, 100% occupancy, and a lease commencement date of March 15, 2024, expiring March 31, 2039. The lease includes a corporate guarantee, annual rent escalations of 2%, and two 5-year renewal options with 10% increases each. The building, constructed in 2024, features two highly visible pylon signs. The surrounding area showcases strong demographics, with average household incomes exceeding $160,800 within a 1-mile radius, and significant population growth (over 1,202% increase between 2000 and 2024). Nearby national retailers include Costco, Kroger, Home Depot, Lowe's, Target, and many more, indicating a thriving retail environment. The asking price is $5,982,000. This is a rare opportunity to acquire a stable, high-performing retail investment in a prime McKinney location. The property offers zero landlord responsibilities, making it an attractive, low-maintenance investment.

Location Insight

City

Mckinney

County

Collin

State

Texas

Longitude

-96.6746

Latitude

33.2175

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments