McKinney, TX 75069

Aspen Dental

Property Address

1510 West University Drive, McKinney, TX, USA

Offering Summary

  • Price: $3,472,000
  • Lot Size: .63 Acres
  • Cap Rate: 6.25%
  • Year Built: 2024
  • Building SF: 3,530
  • Status: In Escrow
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  • Brand New 10 Year Double-Net (NN) Lease with Corporate Guaranty
  • New 2024 Construction with 10 Percent Rental Increases Every Five Years
  • 473,896 Residents within a 10-Mile Radius - Dallas-Fort Worth-Arlington MSA
  • Surrounded by National Big Box Retailers: Sam’s Club, WinCo, Home Depot, Best Buy, Target, Walmart Supercenter, Kroger, Lowe’s, and More
  • High Visibility Location Along W University Dr / Hwy-380 (50,930+ Cars/Day) with Direct Connection to US Hwy 75 (152,300+ Cars/Day)
  • Central Location in Prime Retail Corridor within 2 Miles of Downtown Historic McKinney, 4.5 Miles of McKinney National Airport, and 15 Miles to Downtown Plano
  • Subject Property Located in the 6th Fastest Growing City in the United States - McKinney, Texas (2018 U.S. Census) with 11% to 20% Growth Projected in the Next 5 Years in the Area
  • Dense Daytime Population of 141,405 Employees with 5 Miles of the Subject Property

Broker Information