Central Circle Center
99% Occupied : Upside Potential : Prime Location Near Bray Business Park : $182 PSF : McKinney, TX
Marketing description
STRONG OCCUPANCY RATE WITH UPSIDE POTENTIAL
With a 99 percent current occupancy, Central Circle Center offers a stable income stream. The mix of gross and modified gross leases provides future upside potential as market conditions improve and leases come up for renewal.
PRIME LOCATION NEAR BRAY CENTRAL BUSINESS PARK
The center’s location places it at the heart of McKinney’s vibrant Bray Central Business Park, a thriving industrial and commercial hub anchored by major retailers and services. Proximity to central retail and amenities, including national brand anchors, enhances convenience for tenants, their workforce, and visiting clients.
SHADOW-ANCHORED BY MAJOR RETAILERS
The property is shadow-anchored by Walmart and Sam's Club, two nationally recognized retailers that drive consistent foot traffic. This prime positioning next to major retail giants increases the center’s marketability.
THRIVING AREA WITH STRONG DEMOGRAPHICS
The surrounding area is seeing significant growth, with 22 percent population growth projected from 2024 to 2029 within a three-mile radius. The region boasts high-income households, with an average household income of $127,649 within five miles.
NEAR 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 accomodate regional growth. The airport will featuring a four-gate terminal building with the ability to expand to six gates, anticipated to be ready for service in late 2026.
PRICED AT $182 PSF | BELOW REPLACEMENT COST
Investment highlights
Central Circle Center is a stabilized, 46,276-square-foot retail industrial flex center comprising two adjacent buildings located in McKinney, Texas. The center is 99 percent leased with a diverse blend of retail, office, and flex/warehouse space featuring a mix of gross and modified gross lease terms, offering substantial upside potential. The building located at 2035 Central Circle has a second story for office lofts. Tenants in both buildings have access to the shared grade-level, dock-high loading area, and each individual suite has a roll up bay door in the back. Major tenants include Red River Quiltworks, Allied Inventory Systems, The Coatings Group, Yummy Life Naturals, H2 Chiropractic, and others. The property sits on two parcels totaling 4.5 acres.
Central Circle Center is located in an unbeatable location near Bray Central Business Park, a thriving industrial and commercial hub for office, warehouse, and light manufacturing. The property is aldo shadow-anchored by Walmart and Sam's Club, two nationally recognized retailers that draw consistent traffic to the area. Other neighboring retailers include Academy Sports and Outdoors, Target, Lowe's, Dollar Tree, and numerous others.
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