Multi-Tenant Industrial    

Corporate Central Industrial/Flex Business Park 

McKinney, TX

Asking Price

$11,245,000

Cap Rate

6.50%

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New Construction

2023

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Desirable Format

Divisible to 2,500 SF Suites

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NNN

Leases

Rent Increases

Attractive

Rent Increases

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Exceptional Demographics

$136K Avg Household Income

For more details on this exclusive listing

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INVESTMENT HIGHLIGHTS

  • NNN Lease Structures 
    The leases feature NNN expense structures with limited Landlord responsibilities, resulting in a secure income stream.
  • 7-Year Weighted Average Lease Term Remaining 
    Two tenants are on ten-year initial terms and two are on five-year initial terms.
  • Annual Rent Escalations 
    The 2.5% average annual rent increase provides an attractive increase in yield and a hedge against inflation.
  • Quality Tenant Mix 
    National credit tenant Sherwin-Williams headlines the strong group. Crawford Electric, a Sonepar company, and Hybrid Manufacturing Technologies fill the remainder of Building A. DFW Badminton Center fills 100% of Building B.
  • Most Affluent County in Texas
    McKinney, TX is the seat of Collin County, the most affluent county in the state of Texas and home to the fourth highest growth large city in the United States over the past decade.
  • Functional Buildings with Desirable Features 
    Designed to stand the test of time, the two buildings are divisible down to 2,500 SF suites, each with a store front glass entry, 24' clear heights, roll up door, and 3-phase power. 
  • Income Tax-Free State 
    No state income taxes.

Exclusively Listed By

Chris Adams

Vice President
  cadams@northmarq.com      972.616.4720
TX Lic. #619855

Josh Adams

Associate
  jadams@northmarq.com      972.619.9865
TX Lic. #792874

Northmarq

8343 Douglas Ave, Suite 600
Dallas, TX 75225


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