McKinney, Texas, is an attractive location for investors seeking to capitalize on the growing demand for retail properties. With a population of approximately 207,000, McKinney offers a diverse range of retail investment opportunities, from strip centers to freestanding buildings. Retail properties in McKinney can represent a variety of investments, including single-tenant net-leased properties, multi-tenant strip centers, and mixed-use developments. The city's strong economy, fueled by major industries such as healthcare, education, and technology, creates a high demand for retail space. Additionally, McKinney's amenities, including the McKinney National Airport, Erwin Park, and the McKinney Farmers Market, make it an attractive location for businesses and residents alike. The city's infrastructure, including major highways such as US 75 and SH 121, and the Dallas, Garland and Northeastern Railroad, provides easy access to the surrounding areas, making it an ideal location for retail investments. With 19 retail properties for sale, investors have a wide range of options to choose from.
McKinney's retail properties offer a unique blend of small-town charm and big-city amenities. The city's historic downtown area, with its rich history and cultural attractions, is a hub for retail activity, with a variety of shops, restaurants, and entertainment venues. In addition to retail properties, McKinney is also home to a range of other property types, including shopping centers, restaurants, office properties, and hotels. Shopping centers in McKinney offer a convenient and accessible location for retailers, with ample parking and easy access to major highways. Restaurants in McKinney cater to a diverse range of tastes and cuisines, from fine dining to casual eateries. Office properties in McKinney provide a professional and convenient location for businesses, with amenities such as high-speed internet and on-site parking. Hotels in McKinney offer a comfortable and convenient location for travelers, with amenities such as pools, fitness centers, and on-site restaurants. With its diverse range of property types and strong economy, McKinney is an attractive location for investors seeking to capitalize on the growing demand for retail properties.
What is the average cap rate for retail properties in McKinney?
For investors seeking retail properties in McKinney, understanding the average cap rate is crucial. According to current listings, the average cap rate for retail properties in McKinney is 6.24%, which can help investors gauge the potential return on investment; to learn more about how cap rates work, check out our article on what is a cap rate.
How do location and foot traffic affect retail property values?
In McKinney, Texas, the location and foot traffic of retail properties significantly impact their values. For instance, retail properties situated near major highways like US 75 and US 380, or in high-traffic areas like the historic downtown district, tend to have higher values due to their accessibility and visibility, with an average price per square foot of $567 USD and an average size of 8,401 square feet, and a largest size of 37,000 square feet, and an average cap rate of 6.24%.
