6200 Virginia Pkwy McKinney, TX 75071
For Sale
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This exceptional investment opportunity presents a 5,945 square foot daycare center in McKinney, Texas, situated on a 0.87-acre lot at 6200 Virginia Pkwy, 75071. The property, built in 1997, boasts a 100% occupancy rate with a strong, established tenant under a single-tenant, absolute net lease (NNN) with two years remaining and 2% annual increases. The current asking price is $2,525,000, reflecting a price per square foot of $424.73 and a 6.50% cap rate. The property generates a substantial net operating income (NOI) of $164,028 annually. Located within the rapidly growing city of McKinney, a master-planned community with over 36,000 residents and average household incomes exceeding $141,000, this daycare benefits from exceptional demographics and high traffic counts (over 22,500 vehicles daily on Virginia Pkwy). The property's location within a densely populated area (over 230,000 people within a 5-mile radius) and its proximity to Stonebridge Ranch further enhance its value. The tenant has a history of strong full-time enrollment and has even leased additional space nearby due to high demand. This presents a secure, recession-resistant investment in a vital sector of the economy. The lease includes corporate and personal guarantees, offering additional security for the investor.
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Excellence Academy High School
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Deborah Marlier Physician
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Montessori School of Excellence High School
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.