Custer 3-Tenant Retail
Custer 3-Tenant Retail is a 10,430 square foot retail center located in the affluent, high-growth DFW suburb of McKinney, Texas. All three tenants signed 10-year leases with rent commencements in late 2017 and 10% rent escalations after the first five years of term. Red Mountain Weight Loss is a subtenant of MedSpring Urgent Care whose lease is guaranteed by Fresenius Medical Care Holdings, Inc., a $14.9 billion revenue entity in 2017. Average rents for the Property are $31.84 per square foot NNN while comparable new construction along Custer Road is currently leasing over $35.00 per square foot NNN. Custer 3-Tenant Retail is situated at the signalized intersection of Stacy and Custer Roads, the latter being a primary north/south artery connecting Highway 121 (Sam Rayburn Tollway) to Highway 380.