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Walgreens - McKinney, TX

Located 34 miles north of Dallas, this newly constructed 20-year NNN lease will be available in the fall of 2014.

 

Located at the NEC of US Highway 380 (University Drive) and Lake Forest Drive, in McKinney Texas, an affluent suburb of Dallas. The site is located directly adjacent to Baylor Medical Center, a 95 bed tertiary care center and full service hospital. The surrounding campus is made up of the Legacy Heart Center and various medical clinics and doctor offices.

 

Retail in the immediate area includes: Subway Sandwich, Valero Gas and c-Store, and a new Taco Bell in shared easement to the site, of which all REA responsibilities belong to Walgreens.

 

Limited competition in the immediate area: Nearest national drug store chain is 1.9 miles east of the site on University (CVS).

Additional Info

  • Address: : US Hwy 380 & Lake McKinney, TX
  • Price: : $8,537,473
  • Net Rentable Area: : 15,750
  • Lot Size (Acres): : 1.56
  • CAP Rate: : 5.10%
  • Price Per Sqft: : $540.95
  • NOI: : $426,000
  • Year Built: : 2014
  • Status: : Available