Log In/Sign Up
Your email has been sent.
Crunch Fitness | New 20yr Abs NNN w/ Incrs 8551 Eldorado Pky 40,000 SF Retail Building McKinney, TX 75070 $23,067,150 CAD ($576.68 CAD/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- New, 20-Year Lease | Franchisee Guaranteed Lease (75+ Units) |Options To Extend | Scheduled Rental Increases
- Custer Star Center | The Grove Frisco (3,000 Units)
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
EXECUTIVE SUMMARY
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Crunch Fitness investment property located in McKinney, Texas. The tenant, Crunch Fitness recently signed a brand new, 20-year lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Building Size
40,000 SF
Building Class
C
Year Built
2026
Construction Status
Proposed
Price
$23,067,150 CAD
Price Per SF
$576.68 CAD
Cap Rate
6.50%
NOI
$1,499,336 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
5.48 AC
Zoning
C2 - Local Commercial
Frontage
866’ on Eldorado Parkway
AMENITIES
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R-4266-00A-0010-1 | Improvements Assessment | $10,355,340 CAD |
| Land Assessment | $2,126,325 CAD | Total Assessment | $12,481,665 CAD |
PROPERTY TAXES
Parcel Number
R-4266-00A-0010-1
Land Assessment
$2,126,325 CAD
Improvements Assessment
$10,355,340 CAD
Total Assessment
$12,481,665 CAD
1 of 7
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Crunch Fitness | New 20yr Abs NNN w/ Incrs | 8551 Eldorado Pky
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.