380 Commons Bldg B, McKinney, TX (Dallas MSA)

Pricing & Financial Analysis

380 Commons Bldg B
3805 W University Dr
McKinney, TX 75071

Investment Highlights

• 380 Commons, SWC Building B is part of one of the most important developments that has occurred in Dallas-Fort Worth in the last five years. The development was kicked off with Costco as the anchor, which pulls from over a 15-mile radius. Along with Costco, Cinemark, 24 Hour Fitness, and Hobby Lobby draw shoppers to the immediate area.
• SWC Building B consists of four tenants, with three tenant occupying less than 2,500 square feet. That makes the tenant pool for this asset very robust with many users in line to take a space, should anyone leave.
• All four tenants are “experiential” in nature making the threat of e-commerce replacing any of these uses virtually impossible.
• This asset sits directly facing Highway 380 with every tenant visible to over 38,000 cars per day. The number of cars is growing at a rapid pace as there are over 38 master planned communities totaling over 13,000 single family lots within a five mile radius of the property.
• Highway 380 is the major artery from Highway 75 to the east, connecting to I35 to the West, and crossing the North Dallas Toll road in-between. This artery is pivotal to the growth of the northern corridor of Dallas, which is where the majority of the growth is happening in the DFW Metroplex.
• The demographics in this submarket are superior to most in the city in growth and incomes. The average household income within a 1 mile radius of the property is over $129,000 and the population is almost 170,000 in a 5-mile radius. The growth going forward in just the next 5 years is almost 15% in a 1-mile radius.

Download Offering Memorandum: 380 Commons Bldg B – McKinney, TX

What is an Offering Memorandum? — A commercial real estate OM is an important document that provides detailed information about a property being offered for sale.