Duong Investment Group

TX McKinney Moon Valley Nursery

1685 West University Drive, McKinney, TX 75071

Property Description

Price: $6,200,000
Land Area: ±4.00 Acres
Cap Rate: 5.65%
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
  • 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
craig.elster@marcusmillichap.com
License: CA 01958307

Ron Duong
Senior Managing Director Investments
Senior Director, National Retail Group
(949) 419-3233
ron.duong@marcusmillichap.com
License: CA 01438643