MCKINNEY MARKETPLACE - SHOP Companies
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CONFIDENTIAL OFFERING MEMORANDUM
L O C AT I O N
PROPERTY
9 2 4 1 V I R G I N I A P A R K W AY
MCKINNEY MARKETPLACE M C K I N N E Y, T E X A S 7 5 0 7 1
CONFIDENTIAL OFFERING MEMORANDUM
MC KINN E Y
MARKE T P L AC E
L O C AT I O N
9 2 4 1 V I R G I N I A P A R K W AY
M C K I N N E Y, T E X A S 7 5 0 7 1
P R E PA R E D B Y
To mmy Tuc ke r
T T U C K E R @ S H O P C O M PA N I E S . C O M / 214-960-2887 / 4809 COLE AV E S T E 3 3 0 , D A L L A S , T X 7 5 2 0 5
Tim A xilr o d
TA X I L R O D @ S H O P C O M PA N I E S . C O M / 214-960-2835 / 4809 C O L E AV E S T E 3 3 0 , D A L L A S , T X 7 5 2 0 5
S H O P C O M PA N I E S . C O M
OFFERED BY
To m my Tuc ke r / T T U C K E R @ S H O P C O M P A N I E S . C O M / 2 1 4 - 9 6 0 - 2 8 8 7
Ti m A xilr o d / T A X I L R O D @ S H O P C O M P A N I E S . C O M / 214-960-2835
MCKINNEY MARKETP LACE / 3
T ABLE OF CON TEN TS
1 EXE CUTIVE SUMMARY Investment Overview.............................................. 7
Property Profile...................................................... 8
Locator Map........................................................ 11
2 PROPERTY OVERVIEW Aerials................................................................ 12
Site Plan..............................................................18
3 FINANCIAL OVE RVIEW Financial Summary............................................... 23
Rent Roll.............................................................. 24
Income/Expense.................................................. 25
Pricing................................................................ 26
Lease Expiration Schedule..................................... 27
Lease Expiration Chart.......................................... 28
Tenant Profiles...................................................... 29
4 TRADE ARE A OVE RVIEW Dallas/Fort Worth Area Overview......................... 31
Demographics..................................................... 32
DISCLAIMER: This confidential Offering Memorandum has been prepared by Shop Investment Sales, LLC (“SIS”) for use by a limited number of parties and has been obtained from sources believed to be reliable.
The material contained herein shall be used for the purposes of evaluating the Property for acquisition and shall not be used for any purpose or made available to any other person without the express written consent
of SIS. SIS and Owner make no guarantee, warranty or representation about the information contained herein. It is your responsibility to confirm, independently, its accuracy and completeness. You should conduct
your own independent investigation and assessment of the contents of this Offering Memorandum, make such additional inquiries as you deem necessary or appropriate and form your own projections without reli-
ance upon the material contained herein. No representation is made by SIS or Owner as to the accuracy or completeness of the information, and nothing contained herein is or shall be relied on as a promise or
representation as to the future performance of the Property. The information contained in this presentation is highly confidential and subject to change. By accepting and reviewing this Offering Memorandum, you
agree to maintain the confidentiality of the information contained herein and agree that you will not reproduce or distribute such information to any other person or use such information for any purpose other than to
evaluate your potential interest in the Property and will not use the presentation or any of the contents in any manner detrimental to the interest of the Owner or SIS. SIS expressly disclaims any and all liability for
statements or representations, express or implied, contained herein or for omissions from the Offering Memorandum or for any other written, oral or other format of communication transmitted to any entity/prospective
investor in the course of its evaluation of the proposed transaction. At their sole discretion Owner and SIS each expressly reserve the right to reject any or all expressions of interest or offers regarding the Property
and/or terminate discussions with any entity/prospective investor at any time with or without notice. Owner shall have no legal commitment or obligations to any entity/prospective investor reviewing this Offering
Memorandum or making an offer to purchase the Property unless and until such offer is approved by Owner, a written agreement for the purchase of the Property has been fully executed, delivered and approved by
Owner and its legal counsel, and any obligations set by Owner thereunder have been satisfied or waived.
1 E X ECUTI V E SU M M ARY
MCKINNEY MARKETP LACE / 5
E XE CUTIV E S UM M ARY
SHOP Investment Sales has been
exclusively retained to offer the
opportunity to acquire McKinney
Marketplace (the “Property”), a 16,901
square foot retail center at the signalized
S H O P C O M PA N I E S . C O M
intersection of Custer Road and Virginia
Parkway in McKinney, TX. Adjacent
to Sprouts, the Property is 94.08%
leased and well positioned in a premier
northern Dallas suburb with average
incomes over $118,300 and $130,900
in one and three mile radii, respectively.
MCKINNEY MARKETP LACE / 6
E XE CUTIV E S UM M ARY
INVESTMENT OVERVIEW McKinney Marketplace is a 16,901 square and Albertson’s, respectively. The Highlands at
▪▪ 94.08% Leased Retail Center at foot retail center located within the affluent Westridge, a community of luxury homes under
Signalized Intersection in Affluent North North Dallas submarket of McKinney, Texas. construction with home prices ranging from
Dallas Submarket of McKinney, TX Positioned at the signalized intersection of $350,000- $499,000, is located three minutes
Custer Road and Virginia Parkway, the Property west of the Property. McKinney is consistently
▪▪ Household Income Exceeds $118,300 sits approximately forty five minutes north of ranked among the fastest growing cities in the
& $130,900 on Average in 1 & 3 Mile
Radii, Respectively downtown Dallas, less than five minutes south of nation and was ranked the #1 best place in
Highway 380 and less than ten minutes north live in America by Money Magazine in 2014.
▪▪ Population Increased by 976% Since of Highway 121. The building was constructed The U.S. Census Bureau listed McKinney as the
2000 in 3 Mile Radius in 2013 and is 94.08% leased to Little Caesars, nation's fastest growing city from 2000 to 2003
Fantastic Sam’s, Hollywood Feed, Castle Nail and again in 2006 among cities with more
▪▪ Base Lease Term Average of 6.9 Years
with 3 New Leases in 2017 Spa, Club Pilates and Waterview Dentistry than 50,000 people. In 2007, McKinney was
among other complementary users. In February ranked second fastest growing among cities with
▪▪ Hollywood Feed Expanded into 2017, Hollywood Feed expanded into the more than 100,000 people. The population in
Adjacent 1,046 SF Suite in February
S H O P C O M PA N I E S . C O M
adjacent 1,046 square foot suite at a $1.50 PSF McKinney increased by over 24% from April
2017 at $1.50 PSF NNN Increase from NNN increase in rent from their original suite. 2010 to July 2016 compared to 9.2% for the State
Original Suite
The average base lease term is 6.9 years and of Texas in the same time period. According to
▪▪ City of McKinney Approved 1 Million+ three tenants have leases that commence in 2017. the City of McKinney, over 1 million square feet
SF of Commercial Construction Valued Four tenants have rent escalations built into the of commercial construction valued at over $143
at $143 Million During First 10 Months primary term of their leases. Other retailers at million was approved during the first ten months
of 2016 (mckinneytexas.org) the intersection include Sprouts (adjacent to the of 2016. Additionally, the number of single
▪▪ McKinney Ranked #1 Best Place to Live Property), Home Depot, LA Fitness, Chase Bank, family permits issued per year increased by over
in Nation by Money Magazine in 2014 AT&T, Dunkin’ Donuts and Baskin Robbins among 39% from 2012 to 2015.
others.
▪▪ Walmart Supercenter, Kroger & McKinney Marketplace is well positioned within
Albertson’s Located 3 Minutes North, Situated at the signalized intersection of a dense and affluent region of the Dallas/Fort
South & East of Property, Respectively
Custer Road and Virginia Parkway, McKinney Worth Metroplex in which average household
▪▪ The Highlands at Westridge Under Marketplace benefits from traffic volumes income exceeds $118,300 and $130,900
Construction 3 Minutes West of in excess of 28,300 vehicles per day at the within one and three mile radii, respectively.
Property with Home Prices Ranging intersection. The Property has three ingress/ The population within a three mile radius has
from $350,000-$499,000
egress points on Virginia Parkway including increased by a remarkable 976% since the year
▪▪ Retailers at Intersection Include Sprouts a curb cut that allows access from both 2000. There are over 4,500 homes within a one
(Adjacent to Property), Home Depot, LA eastbound and westbound traffic. Located three mile radius. Overall, McKinney Marketplace
Fitness, Chase Bank, AT&T & Dunkin’ minutes north, south and east of the McKinney offers an investor a stabilized asset well
Donuts Among Others Marketplace are Walmart Supercenter, Kroger positioned in a premier northern Dallas suburb.
MCKINNEY MARKETP LACE / 7
E XE CUTIV E S UM M ARY
PROPERTY PROFILE
LOCATION KEY TENANTS
9241 Virginia Parkway TENANT SF % OF SF LEASE EXP.
McKinney, TX 75071
Hollywood Feed 3,566 21.10% December 2019
YEAR BUILT LEASED Castle Nail Spa 2,800 16.57% January 2024
2013 94.08% Waterview Dentistry 2,000 11.83% December 2023
Little Caesars 1,562 9.24% May 2021
S H O P C O M PA N I E S . C O M
Fantastic Sam's 1,281 7.58% January 2019
SQUARE FOOTAGE LAND AREA
16,901 SF 2.89 Acres
DEMOGRAPHICS
PRICE CAP RATE
$6,414,000 6.60% VARIABLE 3 MILES 5 MILES 7 MILES 10 MILES
2016 Estimated Population 13,081 71,507 160,305 288,206
2016 Avg. Household Income $116,416 $128,414 $125,234 $119,605
TRAFFIC COUNTS
2016 Estimated Households 4,420 23,994 54,340 100,275
Virginia Parkway 11,471 VPD (TxDoT '14)
Custer Road 16,857 VPD (TxDoT '14)
MCKINNEY MARKETP LACE / 8
ADDITIONAL INFORMATION
S H O P C O M PA N I E S . C O M
OFFERED BY
To m my Tuc ke r / T T U C K E R @ S H O P C O M P A N I E S . C O M / 2 1 4 - 9 6 0 - 2 8 8 7
Ti m A xilr o d / T A X I L R O D @ S H O P C O M P A N I E S . C O M / 2 1 4 - 9 6 0 - 2 8 3 5
MCKINNEY MARKETP LACE / 9
2 PROPERTY OV ERV IE W
MCKINNEY MARKETP LACE / 10PROPE RTY OV E RV IE W
S H O P C O M PA N I E S . C O M
MCKINNEY MARKETP LACE / 11PROPE RTY OV E RV IE W
S H O P C O M PA N I E S . C O M
MCKINNEY MARKETP LACE / 12PROPE RTY OV E RV IE W
S H O P C O M PA N I E S . C O M
MCKINNEY MARKETP LACE / 13PROPE RTY OV E RV IE W
S H O P C O M PA N I E S . C O M
MCKINNEY MARKETP LACE / 14PROPE RTY OV E RV IE W
S H O P C O M PA N I E S . C O M
MCKINNEY MARKETP LACE / 15PROPE RTY OV E RV IE W
S H O P C O M PA N I E S . C O M
MCKINNEY MARKETP LACE / 16PROPE RTY OV E RV IE W
S H O P C O M PA N I E S . C O M
MCKINNEY MARKETP LACE / 17PROPE RTY OV E RV IE W
OVERALL SITE PLAN
JR. Anchor LEGACY FAMILY
CHIROPRACTIC
1,562 SF
JR. Anchor 1,156 SF
Retail
Club Pilates
SOI Brow
1,416 SF
1,000 SF
1,000 SF
2,800 SF
1,120 SF
2,000 SF
1,281 SF
7,000 SF 45,000 SF 15,000 SF
18,900 SF 26,043 SF 3,566 SF
Vacant Royal Cleaners
S H O P C O M PA N I E S . C O M
Kiddie
Academy
VIRGINIA PARKWAY
FAL
CON
NOT A PART
VIEW
VACANT
2,500 SF
2,000 SF
2,098 SF
DRIVE
1.00 Acre 1.00 Acre 2.00 Acre 0.825 Acres
Pad Site Pad Site Pad Site Pad Site
CUSTER ROAD
MCKINNEY MARKETP LACE / 18PROPE RTY OV E RV IE W
PROPERTY SITE PLAN
S H O P C O M PA N I E S . C O M
LEGACY FAMILY 1,562 SF
CHIROPRACTIC
Anchor 1,156 SF
Club Pilates
SOI Brow
1,416 SF
1,000 SF
1,000 SF
2,800 SF
1,120 SF
2,000 SF
1,281 SF
900 SF 26,043 SF 3,566 SF
Vacant Royal Cleaners
MCKINNEY MARKETP LACE / 19PROPE RTY OV E RV IE W
ADJACENT SPROUTS
S H O P C O M PA N I E S . C O M
MCKINNEY MARKETP LACE / 20PROPE RTY OV E RV IE W
SURROUNDING RETAIL
S H O P C O M PA N I E S . C O M
MCKINNEY MARKETP LACE / 213 FINANCI A L OV ERV IE W
MCKINNEY MARKETP LACE / 22F IN AN CIAL OV E RV IE W
FINANCIAL SUMMARY
Property GLA Percent Leased Projected Year 1 NOI
McKinney Marketplace 16,901 SF 94.08% $423,334
The following information is provided to assist investors in their underwriting of the asset:
a. Rent Roll b. Income & Expenses c. Pricing d. Tenant Profiles
S H O P C O M PA N I E S . C O M
MCKINNEY MARKETP LACE / 23F IN AN CIAL OV E RV IE W
RENT ROLL
% of Lease Term Annual Base Rent Escalations Lease Renewal Options &
Suite Tenant SF
Property Start End PSF Total Date PSF Total Type Comments
Two 5-year options at:
100 SOI Brow 1,120 6.63% Apr-17 Mar-27 $27.00 $30,240 Dec-22 $29.70 $33,264 NNN
1st: $32.67; 2nd: Market
Two 5-year options at:
200 Club Pilates 1,416 8.38% May-17 May-22 $28.00 $39,648 NNN
1st: $30.00; 2nd: $32.00
250 Vacant 1,000 5.92%
Two 5-year options at:
300 Waterview Dentistry 2,000 11.83% Dec-13 Dec-23 $29.00 $58,000 Jan-19 $32.00 $64,000 NNN
1st: Market; 2nd: Market
S H O P C O M PA N I E S . C O M
Two 5-year options at:
400 Castle Nail Spa 2,800 16.57% Jan-14 Jan-24 $28.00 $78,400 Feb-19 $30.80 $86,240 NNN
1st: $33.90; 2nd: $37.25
Two 5-year options at:
500 Fantastic Sam's 1,281 7.58% Jan-14 Jan-19 $27.50 $35,228 NNN
1st: $30.25; 2nd: $33.28
Three 5-year options at:
600 Royal Cleaners 1,000 5.92% Mar-17 Mar-24 $28.50 $28,500 NNN 1st: $31.35; 2nd: $34.48;
3rd: $37.39
Two 5-year options at:
700 Hollywood Feed 2,520 14.91% Dec-14 Dec-19 $27.00 $68,040 NNN
1st: $29.70; 2nd: $32.67
700 Hollywood Feed Expansion 1,046 6.19% Feb-17 Dec-19 $28.50 $29,811 NNN
850 Legacy Family Chiropractic 1,156 6.84% Sep-14 Aug-19 $25.04 $28,946 Sep-18 $26.86 $31,050 NNN One 5-year option at $33.00
Three 5-year options at:
900 Little Caesars 1,562 9.24% May-14 May-21 $22.63 $35,348 NNN 1st: $24.20; 2nd: $26.62;
3rd: $29.28
TOTAL AREA: 16,901 $432,161
TOTAL LEASED AREA: 15,901 94.08%
TOTAL VACANT AREA: 1,000 5.92%
MCKINNEY MARKETP LACE / 24F IN AN CIAL OV E RV IE W
INCOME/EXPENSE
EXPENSES INCOME & EXPENSES
CURRENT PER SF 12-MONTH PER SF
$5.45
Real Estate Taxes $92,139
Base Rent
Occupied Space $432,862 $27.22
Insurance
$5,055 $0.30
GROSS POTENTIAL RENT $432,862 $27.22
Common Area Maintenance
$42,123 $2.49
Expense Reimbursements
Management Fee (3.85%)
$21,644 $1.28
Real Estate Taxes $86,687 $5.13
TOTAL EXPENSES $160,961 $9.52 Insurance $4,756 $0.28
S H O P C O M PA N I E S . C O M
CAM $39,631 $2.34
Management Fee $20,427 $1.21
Total Expense Reimbursements $151,500 $8.96
GROSS POTENTIAL INCOME $584,362 $34.58
EFFECTIVE GROSS INCOME $584,362 $34.58
Expenses
Real Estate Taxes $92,139 $5.45
Insurance $5,055 $0.30
Common Area Maintenance $42,123 $2.49
Management Fee (3.85%) $21,712 $1.28
Total Expenses $161,028 $9.53
NET OPERATING INCOME $423,334 $25.05
MCKINNEY MARKETP LACE / 25F IN AN CIAL OV E RV IE W
PRICING
PRICE $6,414,000 GLA 16,901 SF
PRICE/SF $379.50 AVERAGE RENT PSF $27.22 NNN
CAP RATE 6.60% NOI $423,334
S H O P C O M PA N I E S . C O M
MCKINNEY MARKETP LACE / 26F IN AN CIAL OV E RV IE W
LEASE EXPIRATION SCHEDULE
Expiration Square % of Cumulative Cumulative
Year Tenant Suite
Date Feet Property Square Feet Expiration %
2017 None
Total for Year Ending 2017 0 0.00% 0
2018 None
Total for Year Ending 2018 0 0.00% 0
2019 Fantastic Sam's 500 Jan-19 1,281 7.58%
Legacy Family Chiropractic 850 Aug-19 1,156 6.84%
Hollywood Feed 700 Dec-19 2,520 14.91%
Hollywood Feed Expansion 700 Dec-19 1,046 6.19%
S H O P C O M PA N I E S . C O M
Total for Year Ending 2019 6,003 35.52% 6,003 35.52%
2020 None
Total for Year Ending 2020 0 0.00% 6,003 35.52%
2021 Little Caesars 900 May-21 1,562 9.24%
Total for Year Ending 2021 1,562 9.24% 7,565 44.76%
2022+ Club Pilates 150 May-22 1,416 8.38%
Waterview Dentistry 300 Dec-23 2,000 11.83%
Castle Nail Spa 400 Jan-24 2,800 16.57%
Royal Cleaners 600 Mar-24 1,000 5.92%
SOI Brow 100 Mar-27 1,120 6.63%
Total for Year Ending 2022+ 8,336 49.32% 15,901 94.08%
TOTAL LEASED SQUARE FOOTAGE: 15,901 94.08%
TOTAL VACANT SQUARE FOOTAGE: 1,000 5.92%
TOTAL SQUARE FEET: 16,901 100.00%
MCKINNEY MARKETP LACE / 27F IN AN CIAL OV E RV IE W
LEASE EXPIRATION CHART
LEASE EXPIRATION
9,000 100%
8,000 90%
80%
7,000
70%
6,000
S H O P C O M PA N I E S . C O M
60%
5,000
50% SF Expiring
4,000 Cumulative %
40%
3,000
30%
2,000
20%
1,000 10%
0 0%
2017 2018 2019 2020 2021 2022+
MCKINNEY MARKETP LACE / 28F IN AN CIAL OV E RV IE W
TENANT PROFILES
Hollywood Feed is a natural and holistic pet specialty retail store
Hollywood Feed with a strong focus on customer service. We offer our four-legged
Square Feet: 3,566 SF friends high-quality foods, USA made treats, toys, beds, and more.
We even have jewelry, candles, and other gift items for the owners
% of Building GLA: 21.10% and pet lovers! Our sales associates can tell you all about our
In-Place Rent PSF: $27.75 products; they go through over 40 hours of training on various
product lines and pet-related topics every year.
Lease Expiration: December 2019
Stock Symbol: Private
Company Website: hollywoodfeed.com
Little Caesars is reportedly the third-largest pizza chain in the United
Little Caesars
States behind Pizza Hut and Domino's. It operates franchises in
Square Feet: 1,562 SF all 50 states and internationally including Europe, Asia and the
Middle East. The Little Caesars Love Kitchen is a kitchen on wheels
% of Building GLA: 9.24%
that serves pizza to those in need, and the Little Caesars Veterans
In-Place Rent PSF: $22.63 Program provides incentives to honorably discharged veterans
looking to open their own business. Little Caesars is one of the
S H O P C O M PA N I E S . C O M
Lease Expiration: May 2021 fastest growing pizza chains in the world and is looking to continue
Stock Symbol: Private to expand across the United States and internationally.
Company Website: littlecaesars.com
Fantastic Sam's is one of the world's largest and oldest full-service
Fantastic Sam's
unisex salon franchises in the nation and has grown to more than
Square Feet: 1,281 SF 1,100 units over the past 40 years. The company has remained
relevant because it offers affordable options for what full-service
% of Building GLA: 7.58%
beauty salon customers seek. Fantastic Sams was acquired in
In-Place Rent PSF: $27.50 2012 by Dessange International, a premium-luxury, multinational
European beauty salon chain. Since the acquisition, Fantastic
Lease Expiration: January 2019 Sam's is growing and expects to double or triple its number of
Stock Symbol: Private locations in the next five to ten years.
Company Website: fantasticsams.com
Waterview Dentistry is a family-oriented practice that uses
Waterview Dentistry
the latest technology and techniques to maximize patient
Square Feet: 2,000 SF convenience, comfort and satisfaction. This commitment means we
are equipped to deliver every service you and your family may
% of Building GLA: 11.83%
need from restorative to reconstructive, periodontal and cosmetic
In-Place Rent PSF: $29.00 dentistry. This comprehensive approach is also supported by our
strong investment in the latest pain management and equipment
Lease Expiration: December 2023 sterilization technology. Our goal is to make every visit to our
Stock Symbol: Private cheery office as pleasant and informative as possible.
Company Website: waterviewdentistry.com
MCKINNEY MARKETP LACE / 294 TRA DE ARE A OV ERV IEW
MCKINNEY MARKETP LACE / 30TRAD E ARE A OV E RV IE W
D ALLAS , TX
DALLAS/ FORT WORTH AREA OVERVIEW
S H O P C O M PA N I E S . C O M
The Dallas/Fort Worth MSA has a population base in excess of Airport Freeway in Tarrant County. Public transportation is gaining more
6,700,000 residents and is largest MSA in the South and fourth in the popularity. DART is the fifth-largest light rail in the country. The DART light
nation. Also known as “DFW” and “the Metroplex”, the MSA is located rail system is expected to extend further into suburban Dallas, and Collin
in the plains of North Texas and encompasses 12 counties. As the and Tarrant counties. The business community has easy connections
nation’s fasting growing metropolitan area, DFW has led population to major commercial centers around the globe via Dallas-Fort Worth
growth over the last decade, adding 1,300,000 people, or a 25% International Airport, home to American Airlines, and Dallas Love Field,
increase. It is projected that by year 2030, the DFW population will home to Southwest Airlines. Additionally, there are 13 smaller airports in
increase by an additional 37% to over 9,200,000 people. The Dallas/ the Metroplex and nine railroads. DFW is one of the few metro areas in
Fort Worth area is 9,286 square miles making it larger in area than the the nation to host teams in all four major sports leagues. It is home to 14
states of Rhode Island and Connecticut combined. Dallas is the largest four-year colleges and 15 two-year institutions. DFW continually ranks
city in the MSA with a population over 1,300,000 residents. Suburban high as an affordable metro area, especially when compared to other
areas surround the MSA, most heavily to the north, with Arlington, Grand large MSAs, with a cost of living index of 94.7. DFW has the 4th largest
Prairie and Irving separating Dallas and Fort Worth by approximately number of corporate headquarters in the nation and is home to 18 Fortune
35 miles. Interstates 20, 30, 35 and 45 are its major arteries connecting 500 companies, including 4 Global 500 companies, and 40 Fortune
it to all regions of the country. Superior growth along these routes has 1000 companies. The 18 Fortune 500 companies collectively brought
pushed the boundaries of the Dallas/Fort Worth MSA statistical area in more than $813 billion last year. DFW has capitalized on its central
and allowed the metro area to be the preeminent distribution hub for U.S. location, unparalleled transportation network, operating and living
the region. The region’s transportation network continues to evolve to costs well below the national average, pro-business government, critical
meet the needs of a growing populace. Metro-area civic leaders are mass of existing corporate headquarters and offices, and favorable year-
taking proactive steps to improve mobility. Additional tollway miles are round climate.
planned, including the Trinity Parkway in Dallas and the extension of the
MCKINNEY MARKETP LACE / 31TRAD E ARE A OV E RV IE W
DEMOGRAPHICS
Variable 1 mile 3 mile 5 mile 7 mile
2016 Estimated Population 13,325 79,224 172,060 309,633
2021 Projected Population 15,484 92,224 201,104 360,683
2010 Census Population 10,226 52,390 120,154 226,727
2000 Census Population 1,718 7,358 30,592 87,077
Projected Annual Growth 2016 to 2021 3.2% 3.3% 3.4% 3.3%
Historical Annual Growth 2000 to 2016 42.2% 61.0% 28.9% 16.0%
2016 Median Age 34.5 34.4 34.5 34.4
2016 Estimated Households 4,521 25,781 57,338 105,639
2021 Projected Households 5,139 29,376 65,574 120,482
2010 Census Households 3,419 17,232 39,908 77,472
S H O P C O M PA N I E S . C O M
2000 Census Households 556 2,406 10,022 30,328
Projected Annual Growth 2016 to 2021 2.7% 2.8% 2.9% 2.8%
Historical Annual Growth 2000 to 2016 44.6% 60.7% 29.5% 15.5%
2016 Estimated Average Household Income $118,301 $130,907 $127,336 $121,980
2016 Estimated Median Household Income $112,287 $116,339 $113,105 $107,352
2016 Estimated Per Capita Income $40,136 $42,609 $42,439 $41,682
2016 Estimated Elementary (Grade Level 0 to 8) 1.6% 1.3% 1.9% 2.4%
2016 Estimated Some High School (Grade Level 9 to 11) 2.1% 2.0% 2.0% 2.9%
2016 Estimated High School Graduate 12.8% 11.6% 12.6% 13.5%
2016 Estimated Some College 24.0% 20.9% 21.0% 20.4%
2016 Estimated Associates Degree Only 8.8% 9.2% 9.4% 8.6%
2016 Estimated Bachelors Degree Only 36.6% 37.9% 36.2% 34.9%
2016 Estimated Graduate Degree 14.1% 17.0% 16.9% 17.4%
2016 Estimated Total Businesses 213 1,269 3,085 7,826
2016 Estimated Total Employees 1,748 13,881 31,151 82,769
2016 Estimated Employee Population per Business 8.2 10.9 10.1 10.6
2016 Estimated Residential Population per Business 62.6 62.4 55.8 39.6
MCKINNEY MARKETP LACE / 32INFORMATION ABOUT BROKE RAGE SE RVIC E S
Texas law requires all real estate license holders to give the following information about AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the parties the
brokerage services to prospective buyers, tenants, sellers and landlords. broker must first obtain the written agreement of each party to the transaction. The written
agreement must state who will pay the broker and, in conspicuous bold or underlined print,
TYPES OF REAL ESTATE LICENSE HOLDERS: set forth the broker’s obligations as an intermediary. A broker who acts as an intermediary:
• A BROKER is responsible for all brokerage activities, including acts performed by sales • Must treat all parties to the transaction impartially and fairly;
agents sponsored by the broker • May, with the parties’ written consent, appoint a different license holder associated with
• A SALES AGENT must be sponsored by a broker and works with clients on behalf of the the broker to each party (owner and buyer) to communicate with, provide opinions and
broker. advice to, and carry out the instructions of each party to the transaction.
• Must not, unless specifically authorized in writing to do so by the party, disclose:
A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or • that the owner will accept a price less than the written asking price;
party that the broker represents): • that the buyer/tenant will pay a price greater than the price submitted in a
• Put the interests of the client above all others, including the broker’s own interests; written offer; and
• Inform the client of any material information about the property or transaction received • any confidential information or any other information that a party specifically
by the broker; instructs the broker in writing not to disclose, unless required to do so by law.
• Answer the client’s questions and present any offer to or counter-offer from the client; and
• Treat all parties to a real estate transaction honestly and fairly. AS SUBAGENT: A license holder acts as a subagent when aiding a buyer in a transaction
without an agreement to represent the buyer. A subagent can assist the buyer but does not
S H O P C O M PA N I E S . C O M
A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION: represent the buyer and must place the interests of the owner first.
AS AGENT FOR OWNER (SELLER/LANDLORD): The broker becomes the property owner’s
agent through an agreement with the owner, usually in a written listing to sell or property TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN
management agreement. An owner’s agent must perform the broker’s minimum duties above WRITING AND CLEARLY ESTABLISH:
and must inform the owner of any material information about the property or transaction • The broker’s duties and responsibilities to you, and your obligations under the
known by the agent, including information disclosed to the agent or subagent by the buyer representation agreement.
or buyer’s agent. • Who will pay the broker for services provided to you, when payment will be made and
how the payment will be calculated.
AS AGENT FOR BUYER/TENANT: The broker becomes the buyer/tenant’s agent by
agreeing to represent the buyer, usually through a written representation agreement. A LICENSE HOLDER CONTACT INFORMATION: This notice is being provided for information
buyer’s agent must perform the broker’s minimum duties above and must inform the buyer purposes. It does not create an obligation for you to use the broker’s services. Please
of any material information about the property or transaction known by the agent, including acknowledge receipt of this notice below and retain a copy for your records.
information disclosed to the agent by the seller or seller’s agent.
SHOP Investment Sales, LLC 9003219 214-960-4545
Licensed Broker /Broker Firm Name or Primary Assumed License No. Email Phone
Business Name
Thomas Tucker 543816 ttucker@shopcompanies.com 214-960-2887
Designated Broker of Firm License No. Email Phone
Tim Axilrod 617806 taxilrod@shopcompanies.com 214-960-2835
Sales Agent/Associate’s Name License No. Email Phone
Buyer/Tenant/Seller/Landlord Initials Date
Information available at www.trec.texas.gov Regulated by the Texas Real Estate Commission
MCKINNEY MARKETP LACE / 33ADJACENT LA FITNESS (NAP) To m m y Tu c k e r Tim A xilr o d 4 8 0 9 C O L E AV E S T E 3 3 0 , D A L L A S , T X 7 5 2 0 5 4 8 0 9 C O L E AV E S T E 3 3 0 , D A L L A S , T X 7 5 2 0 5 T T U C K E R @ S H O P C O M PA N I E S . C O M TA X I L R O D @ S H O P C O M PA N I E S . C O M 214-960-2887 214-960-2835
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