TX McKinney Moon Valley Nursery
1685 West University Drive, McKinney, TX 75071
Property Description
Price: $6,030,000
Land Area: ±4.00 Acres
Cap Rate: 5.80%
Gross Leasable Area: ±174,240 SF
Year Built: 2024
Investment Highlights
Brand New 15-Year Lease Commencing March 1, 2024
Absolute NNN Ground Lease – Zero Landlord Responsibilities
Moon Valley Nurseries Operates 60+ Locations with $320MM+ in Annual Revenue
Located One Block from Baylor Scott & White Medical Center with 143 Beds and 750+ Employees and Kroger Anchored Shopping Center
Prime Retail Location
- Situated Along a Premier Retail Corridor with Traffic Counts Exceeding 52,000 Cars Per Day
- Close Proximity to Several Major Retailers such as Costco, Lowe’s Home Improvement, Target, Home Depot, Floor & Décor, Hobby Lobby, Chick-fil-A, Whataburger, and Many More
- Located Directly Across from Two New Developments, Including a ±70,000 SF Hospital, ±51,000 SF Clinic, and a ±30,000 SF Retail Strip with Drive-Thru Pads
Brand New Corporate Ground Lease
- Absolute NNN Ground Lease with Zero Landlord Responsibilities – Ideal for Investors Not Local to the Market
- Corporate Guaranteed Lease – Over 60 Locations in Multiple States with $320,000,000+ in Sales Annually
- Stonecourt Capital Invested $775 Million into Moon Valley Nursery to Optimize its Real Estate Portfolio and its Focus on Enhancing the Environment
- Scheduled 2% Annual Rental Increases Throughout the Initial Term Provide for an Excellent Hedge Against Inflation
Pride of Property Ownership in McKinney, TX
- A Taxpayer’s Haven: Texas has No State Income Tax
- Dense, Infill Location with Over 194,000 Residents within 5 Miles, Creating a Large Customer Base
- Excellent Employment Base – Daytime Population Exceeds 178,000
- Affluent Area with the Average Household Income Exceeding $133,000 within 3 Miles
- McKinney Ranked as 4th Fastest-Growing City in the Nation in 2020, with 51.9% Population Growth from 2000-2019
Broker of Record: Tim Speck, Lic #: 9002994
Contact Information
Craig Elster
Vice President Investments
Director, Net Leased Properties Group
(949) 419-3223
[email protected]
License: CA 01958307
Ron Duong
Senior Managing Director Investments
Senior Director, National Retail Group
(949) 419-3233
[email protected]
License: CA 01438643
Senior Director, National Retail Group
(949) 419-3233
[email protected]
License: CA 01438643