Property Name

Ridge Commons

GLA 21,125 SF

Percent Leased 100% Leased

Property Description

Ridge Commons is a 21,125 square foot retail asset located in the affluent, highly-desirable DFW city of McKinney, Texas.  The Property is positioned off the intersection of Ridge Road and McKinney Ranch Parkway, approximately 40 minutes north of Downtown Dallas, seconds north of TX-121 (Sam Rayburn Tollway) and 10 minutes south of US Highway 380.  Rents average just $27.81 PSF NNN which is below market for comparable retail space in McKinney where rents range from the low $30’s to over $40 PSF NNN. Ridge Commons has an average remaining base lease term of 8.10 years. Over 50% of existing tenants have built in rent escalations and over half of existing tenants have multiple renewal options.  The Property benefits from a large 1.94 acre parcel with 93 parking spaces, parallel positioning to Ridge Road, masonry construction, highly visible monument sign, multiple ingress/egress points and average suite size of 2,113 providing strong residual value.