District 121
District 121 | Trophy Regional Retail & Restaurant Destination | 36,723 SF | McKinney, TX (DFW)
Marketing description
District 121 is a high-profile 36,723 square foot multi-tenant restaurant and retail destination located within one of North Texas’ most affluent and rapidly expanding suburban trade areas. 25 minutes from DFW International Airport and 35 minutes from Downtown Dallas, the Property is positioned at the highly trafficked intersection of State Highway 121 and Alma Road (87,300+ combined vehicles per day), offering strong visibility and convenient access within a rapidly growing retail corridor that serves both local and regional patrons. District 121 consists of two (2) parcels situated on +/- 3.72 acres, with access to a shared parking garage servicing the property. The Property is of institutional quality and is 100% leased to a complementary tenant mix of highly relevant restaurant and financial services retail tenants including Bob’s Steak & Chop House, Common Table, Mi Cocina, Pie Tap, Yama Izakaya & Sushi, and Credit Union of Texas and Chip City McKinney, amongst others, with an average base lease expiration of November 2033. The renowned Bob’s Steak & Chop House occupies the freestanding building, bringing its nationally acclaimed dining experience, award-winning prime steaks, and signature hospitality to the development. District 121 benefits from newer construction, high barriers to entry, and prominent positioning along one of North Texas’ most dynamic intersections with notable new developments in proximity including the JW Marriott luxury hotel, McKinney Airport and Kalahari Resorts & Conventions.
Investment highlights
▪ Trophy Restaurant and Retail Asset Located in the Heart of the Highway 121 Corridor
Thriving, Affluent DFW Submarket of McKinney, TX
▪ Leased to Destination Oriented Tenants Including Mi Cocina, Pie Tap, Chip City McKinney, Yama Izakaya & Sushi, Broken Yolk, Common Table & Bob’s Steak & Chop House, & Credit Union of Texas
▪ High-Profile Intersection of State Highway 121 & Alma Road; Two-Notable DFW Thoroughfares with Combined Traffic Volumes of 87,300+ VPD
▪ Thriving Retail, Office, & Residential Trade Area with Over 3.1MM SF of Retail GLA, 2.2MM SF of Office GLA & 13,100+ Multifamily Units in a 2 Mile Radius (CoStar)
▪ Combined 3.73-Acre Property with 2 Buildings, Parking Garage Access, & Highly Visible State Highway 121 Frontage with Multiple Ingress/ Egress Points along Alma Road
▪ Average Household Incomes of $153,400 & $181,100 in 1- & 5-Mile Radii, Respectively
▪ Significant Long-Term Upside Potential Driven by Continued Residential & Corporate Density & Strong Demand Growth in the Surrounding Trade Area
▪ Moments from DFW Destinations & Developments: Kalahari Resort; 123-Acre, $8B+ Waterpark Resort & Convention center, Sloan Corners; 500-Acre Mixed-Use Development, $3B with 10M+ SF of Office, 6,000+ Multifamily Units, and 220K SF of Retail
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