Destination Pet | McKinney, TX
For Sale
Destination Pet | McKinney, TX
Asking Price: $2,220,000
| Cap Rate: 5.75%
- Net Operating Income: $127,651
- Weighted Avg. Lease Term (WALT): 17.6 Years
- Lease Type: Absolute Net
Property Highlights
- Leased to Destination Pet, an essential business, there are 17.5 years remaining on the initial 20-year term
- Located 3.5 miles north of the Baylor Scott & White Medical Center with easy access on FM 1461
- Property resides in the affluent suburb of McKinney (Dallas MSA); average household income just over $163,500 within 3-miles of the site
- Destination Pet has over 80 open and operating locations and targets 10 acquisitions/new locations per month
