Florence of McKinney

Florence of McKinney is a 23,343 square foot retail asset situated in the high-growth, affluent northern DFW submarket of McKinney, Texas. The Property is well positioned off the heavily trafficked thoroughfare of Custer Road, approximately 35 minutes north of Downtown Dallas and minutes from US 380. Built in 2024, Florence of McKinney is 100% leased to a relevant mix of restaurant and service users. All tenants have brand new leases that commence in 2023 with a weighted average base lease term of 10 years, average lease term expiration of August 2034, annual rent escalations and renewal options. The Property sits on a large 1.34-acre parcel and benefits from a highly visible monument sign, shallow bay depth, parallel frontage to Custer Road and cross access to neighboring multifamily including Discovery at Craig Ranch (366 units).                

Located on the McKinney/Frisco border, Florence of McKinney is situated within a rapidly growing and affluent region of Dallas/Fort Worth Metroplex. The Property is well positioned along Custer Road which boasts traffic volumes in excess of over 40,674 vehicles per day. Florence of McKinney is located within a densely populated corridor containing more than 1,000,000 square feet of retail GLA within a 1.5-mile radius.