McKinney Medical Offices

Alliance Commercial Real Estate Group, Inc. has been exclusively retained and is pleased to present an opportunity to acquire the McKinney Medical Offices, a 13,575-square-foot single-story, multi-tenant medical office building located in McKinney, Texas. The property has a complementary mix of tenants, including Outpatient Surgery Center (consisting of two large operating rooms, two recovery rooms, and is a credentialed ASC), medical practices, and other medical spaces. An investor can realize upside potential through leasing the remaining vacant space, which is in turnkey condition, and receiving inquiries from prospective tenants. This property is ideal for an owner/user to utilize the vacant space, with little-to-no cost to the owner, while existing tenants create income (after expenses), with minimal ownership responsibility. The asset is centrally located in a dense area near five major hospitals, and caters to the growing population of McKinney and the surrounding suburbs.

Situated at 1505 Harroun Avenue, McKinney, TX 75069, the property is across from a new WinCo grocery-anchored retail center near Highway 380 (University Drive), a major east-west thoroughfare connecting Collin and Denton Counties and US Highway 75 (Central Expressway). The McKinney Medical Offices is near Kroger, Walmart Supercenter, Academy Sports + Outdoors, Sam’s Club, Costco, Walgreens, Jack in the Box, Chick-fil-A, Blue Goose Cantina, Applebee’s, Spring Creek BBQ, Dickey’s BBQ, Hutchins BBQ, Braum’s Ice Cream, Wells Fargo, Bank of America, Best Buy, Bath & Body Works, Trader Joe’s and many other retail, office and medical assets. It is just a few blocks away from the major retail corridor at US Highway 75 (Central Expressway) and University Drive. This intersection is home to Super Target, Lowe’s, Home Depot, Best Buy, Ross, and Starbucks, attracting significant retail activity. Baylor Scott & White Medical Center Hospital and Collin College Campus is right off Highway 380. The property is also adjacent to many dense neighborhoods with strong household incomes and population growth.  Stonebridge Ranch and Craig Ranch Country Clubs are close by.

McKinney Medical Office offers an investor an opportunity to acquire an established medical asset with upside opportunity in leasing the existing vacancy or for an owner-occupant. Furthermore, Texas is an income tax-free state, and Dallas/Fort Worth is one of the top markets nationally for growth and stable value for investors.