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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