This listing is under contract.

New Development 7-Eleven | DFW MSA

8400 St Hwy 121 S McKinney, TX 75070

8400 St Hwy 121 S, McKinney, TX, 75070
8400 St Hwy 121 S, McKinney, TX, 75070 8400 St Hwy 121 S, McKinney, TX, 75070
UNDER CONTRACT FOR SALE
Property Type:
Free Standing Building
Amount:
$4,761,600
Last Verified:
Aug 31, 2018

Highlights

  • 14.5 Years Remaining on Absolute Net Lease – 2017 Construction
  • 7.5% Rent Increases Every 5 Years
  • Investment Grade Tenant (S&P: AA-)
  • Located on State Highway 12 (+/- 74,000 VPD)
  • Entrance to Award Winning Craig Ranch Development
  • McKinney, Texas – Affluent, High Growth, North Dallas Suburb

Description

Trinity REIS is pleased to present a New Development 7-Eleven property in McKinney, TX. The subject property was completed in December of 2017 leaving over 14 years on the primary term. The lease features 7.5% rent increases every 5 years throughout the primary term as well as four extension options of 5-Years each.

The Subject Property is located in the Craig Ranch development, an award-winning, master-planned community featuring over 2,200 acres of residential, retail, entertainment, and mixed-use commercial. Situated along the Sam Rayburn Tollway (TX-121), the subject property benefits from significant traffic and is centrally situated in a rapidly growing region.

McKinney, Texas is 35 miles north of Dallas in Collin county. The Dallas-Fort Worth-Arlington MSA is the 4th largest in the nation, and Collin county is the fastest growing county in Texas and among the leaders in the US. McKinney has experienced exponential growth over the last 20 years and is expected to continue this aggressive growth for the next 20 years. Money Magazine names McKinney as its #1 Best Place to Live in America in 2014, and WalletHub rated it as the #2 Best Real Estate Market in the country in 2017.


Year Built: 2017
Building Size: 2995.0sq ft
Lot Size: 1.25 acres

Map of 8400 St Hwy 121 S, McKinney, TX, 75070

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

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  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
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