4685 W University Dr | McKinney, TX 75071
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4685 W University Dr
McKinney, TX 75071
Moon Valley Nurseries Ground Lease · Retail Property For Sale
Investment Highlights
- 15-Year Corporate Moon Valley Nurseries Ground Lease on Top Northern Dallas Retail Corridor Highway 380 in McKinney, Texas
- Large 4.0 Acre Site with Multiple Ingress/Egress Points & Excellent Positioning on Highway 380 (50,900+ VPD)
- Average Household Income Exceeds $160,800, $171,100 & $159,100 in a 1-, 3- & 5-Mile Radius, Respectively
- Zero Landlord Responsibilities, Ground Lease with 2% Rent Escalations Annually &Two (2) 5-Year Renewal Options with 10% Increases
- 50+ Locations Across Seven (7) States with $300,000,000+ in Annual Sales & 300,000 Trees Sold Annually
- Total Population in a 1-Mile Radius Increased by over 1,202% between 2000 - 2024
Executive Summary
Moon Valley Nurseries Ground Lease is a corporately guaranteed 15-year ground lease positioned directly on Highway 380 in the incredible high growth affluent northern Dallas submarket of McKinney, Texas. The property features zero landlord responsibility and 2.0% rent escalations annually with two, 5-year renewal options at 10.0% increases. Positioned on an oversized 4.00-acre parcel, the Property benefits from exceptional positioning on Highway 380 boasting over 50,900 VPD. Moon Valley Nurseries Ground Lease benefits from an existing 3,200 SF masonry constructed building, excellent positioning on Highway 380 and two (2) highly visible two-sided pylon style monument signs fronting Highway 380. The average household income exceeds $160,800, $171,100 & $159,100 in a 1-, 3- & 5-mile radius, respectively. Notable national retailers include Costco, Kroger, The Home Depot, Lowe’s, Target, Ross, Ulta, Best Buy, Walgreens, At Home and Marshalls amongst others.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Garden Centre
Building Size
3,200 SF
Building Class
B
Year Built
2024
Price
£4,738,218
Price Per SF
£1,481
Net Initial Yield
5.85%
NOI
£277,186
Tenancy
Single
Number of Floors
1
Building FAR
0.02
Lot Size
4.00 AC
Zoning
PD - Office
PROPERTY TAXES
| Parcel Number | R-1233-001-0200-1 | Improvements Assessment | £792 |
| Land Assessment | £828,071 | Total Assessment | £828,863 |
PROPERTY TAXES
Parcel Number
R-1233-001-0200-1
Land Assessment
£828,071
Improvements Assessment
£792
Total Assessment
£828,863
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