McDermott Commons South is a 20,989-square-foot retail center located in the ever-growing city of Allen, Texas. Positioned on the southeast quadrant of McDermott Drive and Custer Road, the Property sits on 2.47 acres of land approximately thirty minutes north of Downtown Dallas. McDermott Commons South is leased to a complementary mix of tenants, including Subway, Emily’s Pizza, Q Tee Pies, H&R Block, Blue Jug, and Barbershop Blendz, among other long-term tenants.
Situated in a visible location on the corner of McDermott Drive and Custer Road, McDermott Commons South benefits from combined traffic volumes in excess of 53,000 vehicles per day. Seven different ingress/egress points exist along McDermott Drive and Custer Road. Additionally, the Property utilizes cross access with adjacent tenants Wendy’s, Taco Bell, Prosperity Bank, and Chevron. McDermott Commons South also benefits from curb cuts, allowing traffic to enter from both directions along McDermott Drive and Custer Road.
The Property is shadow-anchored by the Antique Mall. Directly across McDermott Road is a Kohl’s location that serves the North Plano/Allen submarket. Just north of the intersection along Custer Road, additionally, there is a high-end housing community called Cypress Meadows. Cypress Meadows consists of 280 homes with prices averaging from $600,000s to $800,000s. Other retailers near the intersection include Chase Bank, Khol's, Texans Credit Union, InTouch, McDonald’s, UPS Store, Papa John’s, Taco Bell, Texaco & Chevron, among others.
McDermott Commons South is located in a dense and established residential area of Dallas/ Fort Worth. Benefitting from strong growth and demographics, the Property is the beneficiary of average household income that exceeds $199,232 in a one-mile radius, complemented by a total population of over 313,700 people in a five-mile radius. Population has grown over 99% since the year 2000 in a one-mile radius. Additionally, Allen was named one of the “Top Ten Best Towns for Families” by Family Circle in 2013. Overall, McDermott Commons offers investors a stabilized retail asset at a reasonable price per square foot in an affluent, promising submarket in Dallas/Fort Worth.
Jose Thankachan
Beam Real Estate
