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PROPERTY INFORMATION
SALE PRICE: $3,200,000
BUILDING SIZE: ±5,966
CAP RATE: 6.25%
LEASE TERM: 13.5 YEARS REMAINING
LEASE TYPE: NNN LEASE
Driver’s Edge in McKinney, TX provides complete auto service and repair including oil change, a state inspection or if your check engine light comes on. This location has two Texas State Inspection bays to make getting your vehicle inspection as quick as possible. In addition to having great technicians for your Ford F-150 Driver’s Edge in McKinney is proud to have one of the most experienced import specialist in the area. Your Audi, BMW, VW and Mercedes will be in experienced hands at Driver’s Edge.
FOR SALE
INVESTMENT OPPORTUNITYABSOLUTE NNN STNL RETAIL ASSET
www.cbre.us/phoenix
FINANCIAL OVERVIEW
LOCATION7601 ELDORADO PKWYMCKINNEY, TX 75070
+ Price $3,200,000
+ Rentable Square Feet ±5,966
+ CAP Rate 6.25%
+ Rent $200,000
+ Year Built/Renovated 2013
TENANT SUMMARY
Tenant Trade Name Driver’s Edge
Ownership Private
Tenant BRHACO, LLC a Texas Liability Company
Lease Type Absolute Net
Roof and Structure Tenant Responsible
Term March 31, 2032
Increases 10%everyfiveyears
Options One (1) additional period offive(5)yearseach
FOR SALE DRIVER’S EDGE
7601ELDORADO PKWY
McKINNEY, TX 75070
SITE
DEMOGRAPHICS 1 MILE 3 MILE 5 MILE
2018 Population - Current Year Estimate 16,055 121,048 254,065
2018-2023 Annual Population Growth Rate 2.84% 3.25% 3.25%
2018 Households - Current Year Estimate 5,054 40,976 86,068
2018 Average Household Income $131,363 $125,705 $128,602
2018 Housing Units 5,103 44,747 92,261
6901COIT ROADPlano, TX 75024
FOR SALEDRIVER’S EDGE
7601ELDORADO PKWY
McKINNEY, TX 75070
MCKINNEY MARKET OVERVIEW
The elements that made McKinney unique from its beginnings are the same that continue to attract residents, visitors and businesses to our community today. Beautiful tree-lined streets, diverse residential neighborhoods, outstanding educational opportunities, a robust business environment, a charming historic downtown and a strong sense of community make McKinney truly stand out. The city’s Unique by nature brand is more than a tagline, it embodies the community’s willingness to work together to make McKinney a great place to be. As one of the fastest-growing cities in the nation, residents, businesses and visitors show that they strongly embrace the community’s vision and strong overall quality of life.
Just 30 miles north of downtown Dallas, McKinney is a picturesque city with a small-town feel that is quite different from the Metroplex’s urban sprawl. Our friendly charm, green spaces and comfort-able pace belie the fact that McKinney, with a population of 180,000, is one of the fastest-growing cities in America.
www.cbre.us/phoenix
© 2018 CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable, but hasnotbeenverifiedforaccuracyorcompleteness.Youshouldconductacareful,independentinvestigationofthe property and verify all information. Any reliance on this information is solely at your own risk. CBRE and the CBRE logo are service marks of CBRE, Inc. All other marks displayed on this document are the property of their respective owners. Photos herein are the property of their respective owners. Use of these images without the express written consent of the owner is prohibited.
CONTACT US
JESSE GOLDSMITHVice President+1 602 735 [email protected]
STEVE JULIUSVice President+1 602 735 [email protected]
BRAD BENJAMINVice President+1 214 252 [email protected]
Debt & Structure Finance:
GEOFF HARRISSenior Vice President+1 602 735 [email protected]
FOR SALEDRIVER’S EDGE
7601ELDORADO PKWY
McKINNEY, TX 75070
