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Shopping Strip

Hub 121 Retail Center

6700 & 6720 Alma Rd, McKinney, TX 75070

Listing Price: $10,876,152

Cap Rate
5.18%
Gross SF
17,521
Rentable SF
17,521
Price/Gross SF
$620.75
Lot Size
2.15 acres
Year Built
2020

Investment Overview

Hub 121 Retail Center is a 100 percent leased, 17,521-square-foot, multi-tenant retail center located in the highly desirable North Dallas suburb of McKinney, Texas. The tenant base is a complimentary mix of national and local retailers that are largely internet-resistant businesses, including Phenix Salon Suites, Enamel Dentistry, Valerie’s Taco Shop, Pizza Twist, Sugaring NYC, Jersey Mike’s Subs, and Diesel Barber Shop. All leases are triple-net and include scheduled rental increases during the primary terms. The subject property is comprised of two buildings constructed in 2020. The buildings are situated on a 2.148-acre parcel with a concrete lot. Hub 121 Retail Center is part of a mixed-use development that is strategically located in the northwestern corner of Highway 121 and Alma Road. In addition to the subject property, the adjacent Hub 121 development includes a 280-unit apartment complex; a 100,000-square-foot office building serving as SRS Distribution's corporate campus which includes a 300-car shared parking garage; and three other multi-tenant buildings featuring Serendipity Labs shared office spaces and a variety of unique restaurants and bars encircling an outdoor amphitheater. An assortment of free concerts and events are hosted in the outdoor space, providing a family-friendly gathering place.

Investment Highlights

  • 17,521-Square Foot, Multi-Tenant Retail Center | 100% Leased | All Leases are Triple-Net
  • Comprised of Two Multi-Tenant Buildings Featuring a Complementary Mix of National and Local Tenants that are Internet-Resistant and Service-Oriented
  • Long-Term Leases with Scheduled Rent Increases During the Primary Terms
  • Part of a Mixed-Use Development that Serves as a Hub for Retail, Dining, and Entertainment for the Surrounding Areas | an Outdoor Amphitheater Services as a Focal Point and Hosts a Variety of Free Concerts and Family-Friendly Events
  • Located in the Northwestern Quadrant of Highway 121 (Sam Rayburn Tollway) and Alma Road in one of the Fastest-Growing Areas in the Dallas-Fort Worth Metroplex
  • Located in One of the Fastest-Growing Area of the Dallas-Fort Worth Metroplex | More than 647,995 Residents within a Five-Mile Radius | Average Household Income is Approximately $130,000 within One Mile; $111,415 within Five Miles; and $105,320 within 10 Miles

Exclusively Listed By

Shopping Strip

Hub 121 Retail Center

Listing Price: $10,876,152

Cap Rate
5.18%
Gross SF
17,521
Rentable SF
17,521
Price/Gross SF
$620.75
Lot Size
2.15 acres
Year Built
2020

Investment Highlights

  • 17,521-Square Foot, Multi-Tenant Retail Center | 100% Leased | All Leases are Triple-Net
  • Comprised of Two Multi-Tenant Buildings Featuring a Complementary Mix of National and Local Tenants that are Internet-Resistant and Service-Oriented
  • Long-Term Leases with Scheduled Rent Increases During the Primary Terms
  • Part of a Mixed-Use Development that Serves as a Hub for Retail, Dining, and Entertainment for the Surrounding Areas | an Outdoor Amphitheater Services as a Focal Point and Hosts a Variety of Free Concerts and Family-Friendly Events
  • Located in the Northwestern Quadrant of Highway 121 (Sam Rayburn Tollway) and Alma Road in one of the Fastest-Growing Areas in the Dallas-Fort Worth Metroplex
  • Located in One of the Fastest-Growing Area of the Dallas-Fort Worth Metroplex | More than 647,995 Residents within a Five-Mile Radius | Average Household Income is Approximately $130,000 within One Mile; $111,415 within Five Miles; and $105,320 within 10 Miles

Investment Overview

Hub 121 Retail Center is a 100 percent leased, 17,521-square-foot, multi-tenant retail center located in the highly desirable North Dallas suburb of McKinney, Texas. The tenant base is a complimentary mix of national and local retailers that are largely internet-resistant businesses, including Phenix Salon Suites, Enamel Dentistry, Valerie’s Taco Shop, Pizza Twist, Sugaring NYC, Jersey Mike’s Subs, and Diesel Barber Shop. All leases are triple-net and include scheduled rental increases during the primary terms. The subject property is comprised of two buildings constructed in 2020. The buildings are situated on a 2.148-acre parcel with a concrete lot. Hub 121 Retail Center is part of a mixed-use development that is strategically located in the northwestern corner of Highway 121 and Alma Road. In addition to the subject property, the adjacent Hub 121 development includes a 280-unit apartment complex; a 100,000-square-foot office building serving as SRS Distribution's corporate campus which includes a 300-car shared parking garage; and three other multi-tenant buildings featuring Serendipity Labs shared office spaces and a variety of unique restaurants and bars encircling an outdoor amphitheater. An assortment of free concerts and events are hosted in the outdoor space, providing a family-friendly gathering place.

Exclusively Listed By

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