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Shops at Lake Forest 5121 Collin McKinney Pky
1,250 SF of Retail Space Available in McKinney, TX 75070
Highlights
- Captured market of 450 apartments next door
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
Space | Size | Term | Rental Rate | Rent Type | ||
1st Floor, Ste 400 | 1,250 SF | 1-2 Years | $30.00 /SF/YR $2.50 /SF/MO $322.92 /m²/YR $26.91 /m²/MO $3,125 /MO $37,500 /YR | Triple Net (NNN) |
1st Floor, Ste 400
Completely built with beautiful LVL floors, decorative ceiling, and ceramic tiles in the restroom.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Space is in Excellent Condition
- Central Air and Heating
- Smoke Detector
- Fully Occupied Shopping Center
- 12 Storefronts
- ~3000 homes within walking distance
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 5121 Collin McKinney Pky , McKinney, TX 75070
Property Type | Retail | Year Built | 2020 |
Property Subtype | Storefront Retail/Office | Parking Ratio | 0.54/1,000 SF |
Gross Leasable Area | 14,810 SF |
Property Type | Retail |
Property Subtype | Storefront Retail/Office |
Gross Leasable Area | 14,810 SF |
Year Built | 2020 |
Parking Ratio | 0.54/1,000 SF |
About the Property
Shops at Lake Forest is a ~15,000 SF structural steel retail building on 5121 Collin McKinney Pkwy (off Lake Forest Dr), McKinney, TX. This building is directly across from Lake Forest Plaza. Shops at Lake Forest designed for retail and restaurant and retail uses, features a drive through for the East side endcap suite with ~3000 homes within half a mile and minutes from Sam Rayburn Toll Way. PROPERTY HIGHLIGHTS: 1. ~15000 SF structural steel building 2. 75 parking spots. 3. Generous stone and stucco treatment 4. Rapidly growing residential neighborhood. LOCATION HIGHLIGHTS 1. Frontage to Collin Mckinney Pkwy 2. Intersection of Collin Mckinney Pkwy 3. Signalized intersection 4. Minutes for Sam Rayburn Toll Way 5. ~3000 homes within half a mile o Village Park o Avalon o Villas at Stacy o Avana McKinney Ranch Apartments o Century Lake Forest Apartments o Lake Forest, a brand-new Grand Homes community
- Dedicated Turn Lane
- Signalized Intersection
- Tenant Controlled HVAC
Presented by
GV ACE Realty LLC
Shops at Lake Forest | 5121 Collin McKinney Pky
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