Property Name

McKinney Crossing

GLA 21,902 SF

Percent Leased 100% Leased

Property Description

McKinney Crossing is a 21,902 SF retail center located in the affluent, high-growth DFW submarket of McKinney, Texas.  Situated on a hard corner at the intersection of Highway 380 and Highway 5, the Property is approximately 30 minutes north of Downtown Dallas, 5 minutes east of US Highway 75 (Central Expressway) and 10 minutes north of Sam Rayburn Tollway (Highway 121).  McKinney Crossing is 100% leased to a tenant lineup featuring Jefferson Dental, State Farm, Jackson Hewitt Tax Service, One and Only Burger and Fries, Capitol Finance and MC2 Beauty Salon, among others.  Recently renovated in 2018, the average suite size is 1,685 SF with shallow bay depth, providing strong residual future value.  Rents average $20.72 PSF NNN which are at or below market for comparable retail space allowing for long term upside in rent growth.  New construction retail in McKinney along Highway 380 is quoting in excess of $30.00 PSF NNN and in some cases $35.00 to $45.00 PSF NNN.  The Property is priced near replacement cost at $305.50 PSF to the building.