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1212 W MCDERMOTT DR
ALLEN, TX 75013
Asking Price
$4.25M
Cap Rate
6.15%
Asset Type
Shopping Center Retail
Class
Class B
What's Special
5 Tenant Strip Center | 6.15% Cap | 9,600 SF <p>100% Occupied 9,600 SF Retail Strip on NNN Leases | Drive-Thru End Cap</p><p>Average Rent is Below Market at Only $27/SF – Comparable Shop Space Leasing at $30-$35/SF |4/5 Tenant Leases Contain FMV Options</p><p>Synergistic Mix of Tenants Complementing Surrounding High-Income Communities (Twin Creeks, Waters Creek, etc.)</p><p>Allen Named Best City to Move to in Texas (Click HERE for More Info) </p><p>Excellent Visibility Fronting McDermott Dr – Visible to Over 33,656 Vehicles per Day</p><p>L
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NOI
$80,000
Cap Rate
1.88%
DSCR
0.32
Underwater
Cash-on-Cash
-13.52%
Monthly Payment
$21,026.681
Annual Cash Flow
$-172,320.173
