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31108175
31108174

1800 N Stonebridge Dr, McKinney, TX 75071 For Sale

PL
TX TX 522087
Marcus & Millichap - Dallas
CG
TX 0612970
Marcus & Millichap - Fort Lauderdale
Listed by Marcus & Millichap - Dallas, Marcus & Millichap - Fort Lauderdale
$8,814,600
123 days on market
Updated 30 days ago

Victory Shops at Stonebridge III

Details
Property Type Retail
Sub Type Shopping Center
Square Footage 15,398
Net Rentable (SqFt) 15,398
Units 6
Cap Rate 6%
NOI $528,877
Occupancy 100%
Tenancy Multi
Lease Type NNN
Price per SqFt $572
Year Built 2023
Acreage 2.081
Investment Type Stabilized

NEW (2023) CONSTRUCTION : IN THE STONEBRIDGE RANCH MASTER-PLANNED COMMUNITY

Investment highlights

FULLY STABILIZED RETAIL CENTER IN THE STONEBRIDGE RANCH MASTER-PLANNED COMMUNITY

Victory Shops at Stonebridge III is a fully stabilized asset with 100% occupancy on NNN leases. The PROPERTY IS ANCHORED BY A DIVERSE MIX OF TENANTS, PROVIDING RELIABLE AND STEADY CASH FLOW FOR INVESTORS.

ANNUAL RENT INCREASES FOR LONG-TERM INCOME GROWTH

The majority of leases include annual rent escalations, providing built-in year-over-year income growth.

NEW (2023) CONSTRUCTION

Completed in 2023, the building is a newer construction retail center, offering modern amenities, high-quality construction, and minimal immediate capital expenditures.

NEAR SIGNALIZED INTERSECTION WITH HIGH TRAFFIC COUNTS

Located near the signalized intersection of North Stonebridge Drive and West University Drive/US Highway 380, the property benefits from cumulative traffic counts exceeding 51,389 vehicles per day.

PRIME LOCATION IN HIGH-GROWTH MCKINNEY MARKET

The property is well positioned to serve an extremely affluent area having an average household income of $185,334 within one mile and $158,698 within five miles. Population exceeds 236,110 residents within five miles.

10 Miles from McKinney National Airport | Undergoing $79M Expansion to Provide Commercial Service

The property is less than five miles from McKinney National Airport, which is transitioning from a general aviation airport to deliver commercial air service to accommodate regional growth. The airport will feature a four-gate terminal building with the ability to expand to six gates, anticipated to be ready for service in late 2026.

Listing Contacts

PL
TX TX 522087
Marcus & Millichap - Dallas
CG
TX 0612970
Marcus & Millichap - Fort Lauderdale
Listed by Marcus & Millichap - Dallas, Marcus & Millichap - Fort Lauderdale

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$528,877.00
$44,073.08/mo

Valuation Metrics

0
DSCR
6%
Cap Rate
6%
ROI

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Additional Information

Name
Tim Speck
License
TX 9002994
Title
Broker of Record
Name
Philip Levy
License
TX 522087
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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