Property Name

Red Mountain Weight Loss, Custer Family Dental & Passion Nail Spa

Location

5131 S Custer Road
McKinney, TX 75070

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Property Description

Red Mountain Weight Loss, Custer Family Dental & Passion Nail Spa 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. Red Mountain Weight Loss, Custer Family Dental & Passion Nail Spa 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.

Status


Available

GLA


10,430 SF

Percent Leased


100% Leased

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