Property Name

Texas Health Resources & The DripBar Retail Center

GLA 6,508 SF

Percent Leased 100% Leased

Property Description

Texas Health Resources & The DripBar Retail Center is a newly constructed 6,508 square foot retail asset shadow anchored to Sprouts Farmers Market in a high-growth, affluent submarket of McKinney, Texas.  Positioned just south of the Custer Road and Virginia Parkway intersection, the Property is approximately 40 minutes north of Downtown Dallas.  Texas Health Resources & The DripBar Retail Center is leased to a complementary mix of tenants which include Texas Health Breeze Urgent Care and The DripBar with an average base lease expiration of January 2030. Founded in 1997, Texas Health Resources is a privately held company that operates approximately 29 hospital locations throughout North Texas, serves 16 counties of more than 7,000,000 people and in 2020 reported over $4,900,000,000 in revenue and carries a corporate credit rating of “AA” by S&P and “Aa2” by Moody’s, both considered investment grade. The Property benefits from exceptional visibility with parallel positioning to Custer Road, an average base lease term expiration of January 2030, masonry construction, an average suite size of 2,169 SF, and a 2-sided partial masonry monument sign. Total population within a one mile radius of Texas Health Resources & The DripBar Retail Center increased by a significant 761% from 2000 to 2022. Notable national retailers at the intersection include The Home Depot, Sprouts Farmers Market, LA Fitness, CVS Pharmacy, Chase Bank, Bike Mart, O’Reilly Auto Parts, Club Pilates, Dunkin’ Donuts, 7-Eleven, The Juice Bar and Taco Bell amongst others.