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Shopping Strip

Victory Shops at Stonebridge II

1910 N Stonebridge Dr, McKinney, TX 75071

Listing Price: $7,901,200

Cap Rate
5.50%
Gross SF
14,276
Rentable SF
14,276
Price/Gross SF
$553.46
Lot Size
1.74 acres
Year Built
2017

Investment Overview

Victory Shops at Stonebridge II is a 14,276-square-foot, multi-tenant retail center located in a high-growth area of McKinney, Texas. The tenant base is a complementary mix of internet-resistant, local businesses including E.J. Willis Gastropub, McKinney Coffee Company, TriCorner Dentistry, Koshi Japanese & Korean Restaurant, and 11|17 Restaurant. All leases are triple-net, and the majority of the leases have scheduled rent escalations during the primary terms. Constructed in 2017, the building is situated on a 1.74-acre lot with ample concrete parking and a pylon sign that provides exposure to the center. The subject property is positioned near the signalized intersection of North Stonebridge Drive and West University Drive/US Highway 380. The property is easily accessible from multiple ingress and egress points. Cumulative traffic counts are approximately 42,860 vehicles per day. National and regional retailers in close proximity include Walmart Supercenter, AutoZone Auto Parts, Fuzzy's Taco Shop, The Home Depot, Sprouts Farmers Market, O'Reilly's Auto Part, Arby's, Taco Bell, Sonic Drive-In, Domino's Pizza, CVS, Little Caesar's Pizza, 7-Eleven, Baskin-Robbins, Texas Health Breeze Urgent Care, LA Fitness, and others. The subject property is near several school campuses, providing additional traffic to the area. The property benefits from strong demographics in the surrounding area, with a population exceeding 218,220 residents within a five-mile radius. The average household income within a one-mile radius is $156,323; $140,230 within a three-mile radius; and $139,750 within a five-mile radius.

Investment Highlights

  • 14,276-Square-Foot, Multi-Tenant Retail Center Located in a High-Growth Area
  • 100% Occupied | All Leases are Triple-Net
  • Complementary Mix of Internet-Resistant, Local Tenants | Majority of the Leases have Schedule Rent Escalations During the Primary Term
  • 100% of the Leases have Personal Guarantees and Renewal Options

Exclusively Listed By

Shopping Strip

Victory Shops at Stonebridge II

Listing Price: $7,901,200

Cap Rate
5.50%
Gross SF
14,276
Rentable SF
14,276
Price/Gross SF
$553.46
Lot Size
1.74 acres
Year Built
2017

Investment Highlights

  • 14,276-Square-Foot, Multi-Tenant Retail Center Located in a High-Growth Area
  • 100% Occupied | All Leases are Triple-Net
  • Complementary Mix of Internet-Resistant, Local Tenants | Majority of the Leases have Schedule Rent Escalations During the Primary Term
  • 100% of the Leases have Personal Guarantees and Renewal Options

Investment Overview

Victory Shops at Stonebridge II is a 14,276-square-foot, multi-tenant retail center located in a high-growth area of McKinney, Texas. The tenant base is a complementary mix of internet-resistant, local businesses including E.J. Willis Gastropub, McKinney Coffee Company, TriCorner Dentistry, Koshi Japanese & Korean Restaurant, and 11|17 Restaurant. All leases are triple-net, and the majority of the leases have scheduled rent escalations during the primary terms. Constructed in 2017, the building is situated on a 1.74-acre lot with ample concrete parking and a pylon sign that provides exposure to the center. The subject property is positioned near the signalized intersection of North Stonebridge Drive and West University Drive/US Highway 380. The property is easily accessible from multiple ingress and egress points. Cumulative traffic counts are approximately 42,860 vehicles per day. National and regional retailers in close proximity include Walmart Supercenter, AutoZone Auto Parts, Fuzzy's Taco Shop, The Home Depot, Sprouts Farmers Market, O'Reilly's Auto Part, Arby's, Taco Bell, Sonic Drive-In, Domino's Pizza, CVS, Little Caesar's Pizza, 7-Eleven, Baskin-Robbins, Texas Health Breeze Urgent Care, LA Fitness, and others. The subject property is near several school campuses, providing additional traffic to the area. The property benefits from strong demographics in the surrounding area, with a population exceeding 218,220 residents within a five-mile radius. The average household income within a one-mile radius is $156,323; $140,230 within a three-mile radius; and $139,750 within a five-mile radius.

Exclusively Listed By

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