7508 Eldorado Pky
McKinney, TX 75070
Guidepost Montessori · Retail Property For Sale

PROPERTY FACTS
ABOUT 7508 ELDORADO PKY , MCKINNEY, TX 75070
Capital Pacific is pleased to present the opportunity to acquire Guidepost Montessori McKinney, a premier single tenant investment in the affluent Dallas suburb of McKinney, TX. The subject property features a 20-year NNN lease (17.5 years left) to Guidepost Montessori, the largest corporate Montessori school operator in the U.S. The absolute NNN lease structure features 2.50% annual rental increases and two 5-year options to extend the lease after the primary term. The lease is guaranteed by Guidepost’s parent company, Higher Ground Education (HGE), which is valued at $100M and operates 39 Guidepost locations across the country, focused on affluent and dense residential demographics. The subject property is located in McKinney, TX, a high-income suburb within the Dallas-Fort Worth MSA, the largest inland metro area in the U.S. It features hard corner visibility on Eldorado Parkway, one of the main commercial thoroughfares in McKinney. The trade area boasts average household incomes over $132,000 within 5-miles and $135,000 within 1-mile of the property. As a result of these affluent demographics, schools in the area are able to command very high tuitions. Additionally, the property is surrounded by a host of synergistic commercial properties, including national retailers like Kroger, CVS, Target, and Lowe’s, as well as the Apex Centre, a community center and fitness & recreation facility for children and adults which serves the entire McKinney community.
PROPERTY TAXES
Parcel Number | R-4411-00A-02R2-1 | Improvements Assessment | $1,400,334 |
Land Assessment | $1,119,666 | Total Assessment | $2,520,000 |
Listing ID: 16933638
Date on Market: 8/15/2019
Last Updated:
Address: 7508 Eldorado Pky, McKinney, TX 75070
The Allen/McKinney Retail Property at 7508 Eldorado Pky, McKinney, TX 75070 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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