6200 Virginia Pkwy McKinney, TX 75071

Property Details for 6200 Virginia Pkwy

Year built

1997

Lot size

0.87 lot acres

Property size

5,905 SF

Property type

Office buildings

APN

R-3520-00A-003A-1

APU

R352000A003A1

Description

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.