McKinney (Dallas), TX 75070

CareNow Urgent Care Shops

Property Address

6200 West Eldorado Parkway, McKinney, TX, USA

Offering Summary

  • Price: $3,924,000
  • Lot Size: 1.03 Acres
  • Cap Rate: 5.50%
  • Year Built: 2005/2021
  • Building SF: 5,251
  • Status: In Escrow
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  • Brand New Triple-Net (NNN) Leases with 2 Established Tenants
  • CareNow Urgent Care (10 Yr Lease) has 10 Percent Rental Increases Every Five Years; DragonFly is Relocating from Across the Street
  • 265,387 Residents within a Five-Mile Radius - Dallas-Fort Worth-Arlington MSA
  • Property is Currently Undergoing Renovations - Future Residual Value in the Existing Drive-Thru
  • High Visibility Location at Signalized Intersection of West Eldorado Parkway, and Ridge Road (37,400+ Cars/Day)
  • Central Location within 6.5 Miles of Downtown Historic McKinney and 13 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 246,571 Employees with 5 Miles of the Subject Property

Broker Information