7-Eleven (Ground Lease)
N
Subject Property
7-Eleven (Ground Lease) 100 N. Custer Road | McKinney (Dallas), TX 75071
Confidential Disclaimer This Confidential Memorandum has been prepared by Stan Johnson Company (“SJC”) and is being furnished to you solely for the purpose of your review of the commercial property located at 100 N. Custer Road, McKinney, TX 75071 (the “Property”). The material contained in this Offering Memorandum 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 Stan Johnson Company (“Broker”). By accepting the Confidential Memorandum, you acknowledge and agree that: (1) all of the information contained herein and any other information you will be receiving in connection with this transaction, whether oral, written or in any other form (collectively, the “Materials”), is confidential; (2) you will not reproduce the Confidential Memorandum in whole or in part; (3) if you do not wish to pursue this matter, you will return this Confidential Memorandum to SJC as soon as practicable together with all other materials relating to the Property which you may have received from SJC; and (4) any proposed actions by you which are inconsistent in any manner with the foregoing agreements will require the prior written consent of SJC. This Confidential Memorandum has been prepared by SJC, based upon certain information pertaining to the Property and any information obtained from SJC to assist interested parties in making their own evaluation of the Property is offered on a no representation or warranty provision other than customary warranties of title and is sold on an “as-is, where-is” basis and with all faults. The material and transaction does not purport to be all inclusive. This Confidential Memorandum contains descriptive materials, financial information and other data compiled for the convenience of parties interested in the Property. The Materials are being delivered by SJC to prospective investors with the understanding that it is not all inclusive and that it is qualified in its entirety by independent investigation by prospective investors of those matters which they deem appropriate in evaluating this offering without reliance upon SJC, the Broker or any of their respective affiliates or any of the information set out in the Materials. Neither SJC, the Broker, nor any of their respective affiliates have independently verified any of the information contained herein or in any of the Materials, and no representations or warranties as to the accuracy or completeness thereof or of any other kind whatsoever are made or intended and none should be inferred. SJC, for itself and its affiliates of the Property, expressly disclaim any and all liability for statements or representations, express or implied, contained herein or for omissions from the Materials or for any other written, oral or other format of communication transmitted to a prospective investor in the course of its evaluation of the proposed transaction. All summaries and discussions of documentation and/or financial information contained herein are qualified in their entirety by reference to the actual documents and/or financial statements, which upon request may be made available. The terms and conditions described herein are subject to change without notice. This Confidential Memorandum does not constitute an offer to accept any investment proposal but is merely a solicitation of interest with respect to the investment described herein. The Confidential Memorandum does not constitute an offer of security. The investment described herein may be financed or withdrawn from the market, without prior notice. By accepting this Confidential Memorandum you agree to release SJC and hold it harmless from any kind of claim, expense, or liability arising out of your discovery or purchase of the Property. SJC reserves the right to request the return of the Materials at any time. Ownership of the Property reserves the right to negotiate with one or more prospective investors at any time.
Offered Exclusively by Gill Warner, CCIM Senior Director [email protected] P: +1 918.794.9512
Sharon Jordan Senior Analyst [email protected] P: +1 918.794.9513
In association with: Toby Scrivner TX Lic. # 452773
Stan Johnson Company 6120 S Yale Ave Suite 300 Tulsa, OK 74136 P: 918.494.2690
stanjohnsonco.com
The Offering
Purchase Price: $2,425,000 Cap Rate: 4.00%
Stan Johnson Company is pleased to exclusively offer for sale to qualified investors, the opportunity to purchase a 100% fee-simple interest in the ground leased commercial property located at 100 N. Custer Rd in McKinney, Texas (the “Property”). The Property completed construction in 2014. The approximately 2,940 SF building sits on approximately 0.92 acres. The Property is leased to and corporately guaranteed by 7-Eleven, Inc. The 15-year base lease commenced in December 2014 and features 10% rental increases every five years through the duration of the base lease, and each of the four, fiveyear renewal option periods. The lease is Absolute NNN with no landlord responsibility. McKinney is a city in and the county seat of Collin County, Texas, and the second in population. As of the 2010 census, the city’s population was 131,117, making it the 19th-most populous city in Texas. It is part of the Dallas-Fort Worth metroplex, and is located about 37 miles north of Dallas. The Census Bureau listed McKinney as the nation’s fastest-growing city from 2000 to 2003 and again in 2006, among cities with more than 50,000 people. In 2007, it was ranked second fastest-growing among cities with more than 100,000 people and in 2008 as third fastest. The most recent population estimate, produced by the city as of January 1, 2016, is 161,905.
Investment Highlights 13+ Years Base Lease Term Remaining Fifteen (15) year base lease that commenced on December 11, 2014, with two (4), five (5) year option periods. Rental Increases The lease has 10% increases every five (5) years throughout the primary term and in each option period. Highly Visible Location in Newly Developed Retail Corridor Situated on the corner of a recently developed, high-traffic intersection and adjacent to other major national retail tenants such as LA Fitness, Sprouts Farmers Market, CVS, Chase Bank, Pizza Hut, Home Depot, Dunkin Donuts, and many others. No Landlord Responsibilities Absolute NNN Ground Lease with zero landlord responsibility for the duration of the base lease and renewal option periods. Dallas MSA with Strong Demographics This property is located roughly 34 miles from downtown Dallas, Texas. As of 2015, 71k+ people were living within a 3-mi radius, with an average household income of $138k+. Corporate Lease with Investment Grade Credit The Property features a corporate-guaranteed lease from 7-Eleven, Inc., the world’s largest operator, franchisor and licensor of convenience stores and the 35th largest retailer in the United States. 7-Eleven, Inc. currently holds an investment grade rating of AA-/Stable from S&P.
2
7-Eleven - McKinney (Dallas), TX
Lease Abstract Tenant Name:
7-Eleven, Inc.
Guarantor:
7-Eleven, Inc.
Property Address:
100 N. Custer Road, McKinney, TX 75071
Building Size (SF):
+/- 2,940 SF
Land Size:
+/- 0.92 Acres
Year Constructed:
2014
Primary Term:
Fifteen (15) years
Rent Commencement:
December 11, 2014
Lease Expiration:
December 31, 2029
Renewal Option:
4, 5-year options
Current NOI:
$97,000
Escalation:
10% every 5 years
Property Use:
Convenience Store
Lease Type:
Ground Lease
Expenses:
Absolute NNN
3
7-Eleven - McKinney (Dallas), TX
Subject Property
Rent Schedule Lease Years
Annual Rent
Monthly Rent
% Increases
1–5
$97,000
$8,083.33
-
6 – 10
$106,700
$8,891.67
10%
11 – 15
$117,370
$9,780.83
10%
16 – 20 (Option 1)
$129,107
$10,758.92
10%
21 – 25 (Option 2)
$142,018
$11,834.83
10%
26 – 30 (Option 3)
$156,219
$13,018.25
10%
31 – 35 (Option 4)
$171,841
$14,320.08
10%
Tenant Overview 7-Eleven is the world’s largest operator, franchisor and licensor of convenience stores with more than 55,000 stores in 15 countries around the globe. The largest markets are Japan, the United States, Thailand, the Republic of Korea and Taiwan. 7-Eleven branded stores operate under 7-Eleven Japan, who is a subsidiary of parent company, Seven & I Holdings Co., Ltd., a Japanese diversified retail group that is currently the fifth-largest retailer in the world. The company originated in 1927 in Dallas, Texas, when an employee of what was Southland Ice Company began selling milk, eggs and bread from an improvised storefront in one of the company’s ice houses. The concept took off and today, stores operate 24 hours-a-day, 7 days-a-week to meet the needs of convenience-oriented customers by providing a broad selection of fresh, high-quality products and services at everyday fair prices in a clean and friendly shopping environment. Each store offers roughly 2,500 products and is tailored to their immediate market. Stores typically vary from 2,400 SF to 3,000 SF and are most often located on corners for great visibility and easy access. 7-Eleven has been consistently ranked in Entrepreneur’s Franchise 500 (ranked 6th in 2014). In addition, they were ranked second in Entrepreneur’s 2014 Fastest-Growing Franchises. Currently, 7-Eleven is ranked as the 35th largest retailer in the United States by the National Retail Federation. 2015 U.S. worldwide sales were roughly $85.71 billion, representing a YoY increase of 13.8%. Total U.S. stores grew 3.9% from 7,672 locations in 2012 to 7,974 locations in 2013.
Location Overview McKinney is a city in the county seat of Collin County, Texas, and the second in population. McKinney is part of the Dallas-Fort Worth metroplex, and is located about 37 miles north of Dallas. The Census Bureau listed McKinney as the nation’s fastest-growing city from 2000 to 2003 and again in 2006, among cities with more than 50,000 people. In 2007, it was ranked second fastestgrowing among cities with more than 100,000 people and in 2008 as third fastest. The most recent population estimate, produced by the city as of January 1, 2016, is 161,905. Money Magazine ranked McKinney as the #1 Best Place to Live in America. McKinney has been featured in the top 5 on the list since 2010 because of its excellent schools, beautiful natural parks and open spaces, affordable and diverse housing, plenty of jobs and a vibrant downtown. McKinney offers an incomparable lifestyle coupled with an exceptional business environment. Its economy is diverse and offers a mix of industries - medical technology, data management, manufacturing, sustainability, aviation, defense, retail, office and transportation.
The City of Dallas is a major city in North Texas and, with Fort Worth, makes up the fourth most populous metropolitan area in the United States. Dallas is the ninth most populated city in the U.S. and the third in Texas after Houston and San Antonio. The bulk of the city is in Dallas County, of which it is the county seat, while sections of the city are located in Collin, Denton, Kaufman, and Rockwall counties. Dallas, along with the rest of Texas, has seen increasing population. Dallas is located at the confluence of four major interstate highways—Interstates 20, 30, 35E, and 45. The Dallas Area Rapid Transit system provides rail, buses and HOV lanes to commuters. The Dallas metropolitan area is home to five major league sports teams: the Dallas Cowboys (NF), Dallas Mavericks (NBA), Texas Rangers (MLB), Dallas Stars (NHL), and FC Dallas (MLS). Dallas is a center of education for much of the south central United States. In addition to those located in the city, the surrounding area also contains a number of universities, colleges, trade schools, and other educational institution including 337 public schools, 89 private schools, 38 colleges, and 32 libraries.
5
7-Eleven - McKinney (Dallas), TX
Downtown Skyline - Dallas, TX
R. STEVE FOLSOM ELEMENTARY SCHOOL
E University Drive (28,667 VPD)
SCOTT ELEMENTARY SCHOOL
TADLOCK ELEMENTARY SCHOOL
N Custer Rd (13,408 VPD)
289/Preston Rd (17,315 VPD)
Virginia Pkwy (16,802 VPD)
ISABEL PIERCE SEM ELEMENTARY SCHOOL LIBBY CASH MAUS MIDDLE SCHOOL
Eldorado Pkwy (21,320 VPD)
HERITAGE HIGH SCHOOL
EDDINS ELEMENTARY SCHOOL
STONEBRIDG E RANCH COUNTRY CLUB
WOLFORD ELEMENTARY SCHOOL EVANS MIDDLE SCHOOL Gabe Nesbitt Community Park
N
Demographics 100 N. Custer Road | McKinney, TX 75071
0 - 1 mi.
0 - 3 mi.
0 - 5 mi.
Population 2015 Population
13,636
71,103
156,732
2020 Population
16,589
89,883
193,312
2010-2015 Annual Rate
3.95%
5.17%
5.06%
2015-2020 Annual Rate
4.00%
4.80%
4.28%
2015 Total Households
4,476
23,172
51,800
2020 Total Households
5,458
29,306
64,008
2010-2015 Annual Rate
3.81%
4.82%
4.95%
2015-2020 Annual Rate
4.05%
4.81%
4.32%
2015 Average Household Income
$134,243
$138,052
$130,833
2015-2020 Annual Rate
4.05%
4.81%
4.32%
Households
N
Offered Exclusively by
Gill Warner, CCIM Senior Director [email protected] P: +1 918.794.9512
going beyond
Sharon Jordan Senior Analyst [email protected] P: +1 918.794.9513
In association with: Toby Scrivner TX Lic. # 452773
Stan Johnson Company 6120 S Yale Ave Suite 300 Tulsa, OK 74136 P: 918.494.2690 stanjohnsonco.com
The information contained herein was obtained from sources believed reliable, however, Stan Johnson Company makes no guaranties, warranties or representations as to the completeness thereof. The presentation of this property for sale, rent or exchange is submitted subject to errors, omissions, change of price or conditions, or withdrawal without notices.
Approved by the Texas Real Estate Commission for Voluntary Use Texas law requires all real estate licensees to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords.
Information About Brokerage Services
B
efore working with a real estate broker, you should know that the duties of a broker depend on whom the broker represents. If you are a prospective seller or landlord (owner) or a prospective buyer or tenant (buyer), you should know that the broker who lists the property for sale or lease is the owner’s agent. A broker who acts as a subagent represents the owner in cooperation with the listing broker. A broker who acts as a buyer’s agent represents the buyer. A broker may act as an intermediary between the parties if the parties consent in writing. A broker can assist you in locating a property, preparing a contract or lease, or obtaining financing without representing you. A broker is obligated by law to treat you honestly. IF THE BROKER REPRESENTS THE OWNER: The broker becomes the owner’s agent by entering into an agreement with the owner, usually through a written listing agreement, or by agreeing to act as a subagent by accepting an offer of subagency from the listing broker. A subagent may work in a different real estate office. A listing broker or subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first. The buyer should not tell the owner’s agent anything the buyer would not want the owner to know because an owner’s agent must disclose to the owner any material information known to the agent. IF THE BROKER REPRESENTS THE BUYER: The broker becomes the buyer’s agent by entering into an agreement to represent the buyer, usually through a written buyer representation agreement. A buyer’s agent can assist the owner but does not represent the owner and must place the interests of the buyer first. The owner should not tell a buyer’s agent anything the owner would not want the buyer to know because a buyer’s agent must disclose to the buyer any material information known to the agent. IF THE BROKER ACTS AS AN INTERMEDIARY: A broker may act as an intermediary between the parties if the broker complies with The Texas Real Estate License
Act. The broker must obtain the written consent of each party to the transaction to act as an intermediary. The written consent must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker’s obligations as an intermediary. The broker is required to treat each party honestly and fairly and to comply with The Texas Real Estate License Act. A broker who acts as an intermediary in a transaction: (1) shall treat all parties honestly; (2) may not disclose that the owner will accept a price less than the asking price unless authorized in writing to do so by the owner; (3) may not disclose that the buyer will pay a price greater than the price submitted in a written offer unless authorized in writing to do so by the buyer; and (4) may not disclose any confidential information or any information that a party specifically instructs the broker in writing not to disclose unless authorized in writing to disclose the information or required to do so by The Texas Real Estate License Act or a court order or if the information materially relates to the condition of the property. With the parties’ consent, a broker acting as an intermediary between the parties may appoint a person who is licensed under The Texas Real Estate License Act and associated with the broker to communicate with and carry out instructions of one party and another person who is licensed under that Act and associated with the broker to communicate with and carry out instructions of the other party. If you choose to have a broker represent you, you should enter into a written agreement with the broker that clearly establishes the broker’s obligations and your obligations. The agreement should state how and by whom the broker will be paid. You have the right to choose the type of representation, if any, you wish to receive. Your payment of a fee to a broker does not necessarily establish that the broker represents you. If you have any questions regarding the duties and responsibilities of the broker, you should resolve those questions before proceeding.
Real estate licensee asks that you acknowledge receipt of this information about brokerage services for the licensee’s records.
Buyer, Seller, Landlord or Tenant
Date
Texas Real Estate Brokers and Salespersons are licensed and regulated by the Texas Real Estate Commission (TREC). If you have a question or complaint regarding a real estate licensee, you should contact TREC at P.O. Box 12188, Austin, Texas 78711-2188 or 512-465-3960.
01A
EQUAL HOUSING OP P O RT U N I T Y
TREC No. OP-K
Subject Property
7-Eleven (Ground Lease) 100 N. Custer Road | McKinney (Dallas), TX 75071
Confidential Disclaimer This Confidential Memorandum has been prepared by Stan Johnson Company (“SJC”) and is being furnished to you solely for the purpose of your review of the commercial property located at 100 N. Custer Road, McKinney, TX 75071 (the “Property”). The material contained in this Offering Memorandum 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 Stan Johnson Company (“Broker”). By accepting the Confidential Memorandum, you acknowledge and agree that: (1) all of the information contained herein and any other information you will be receiving in connection with this transaction, whether oral, written or in any other form (collectively, the “Materials”), is confidential; (2) you will not reproduce the Confidential Memorandum in whole or in part; (3) if you do not wish to pursue this matter, you will return this Confidential Memorandum to SJC as soon as practicable together with all other materials relating to the Property which you may have received from SJC; and (4) any proposed actions by you which are inconsistent in any manner with the foregoing agreements will require the prior written consent of SJC. This Confidential Memorandum has been prepared by SJC, based upon certain information pertaining to the Property and any information obtained from SJC to assist interested parties in making their own evaluation of the Property is offered on a no representation or warranty provision other than customary warranties of title and is sold on an “as-is, where-is” basis and with all faults. The material and transaction does not purport to be all inclusive. This Confidential Memorandum contains descriptive materials, financial information and other data compiled for the convenience of parties interested in the Property. The Materials are being delivered by SJC to prospective investors with the understanding that it is not all inclusive and that it is qualified in its entirety by independent investigation by prospective investors of those matters which they deem appropriate in evaluating this offering without reliance upon SJC, the Broker or any of their respective affiliates or any of the information set out in the Materials. Neither SJC, the Broker, nor any of their respective affiliates have independently verified any of the information contained herein or in any of the Materials, and no representations or warranties as to the accuracy or completeness thereof or of any other kind whatsoever are made or intended and none should be inferred. SJC, for itself and its affiliates of the Property, expressly disclaim any and all liability for statements or representations, express or implied, contained herein or for omissions from the Materials or for any other written, oral or other format of communication transmitted to a prospective investor in the course of its evaluation of the proposed transaction. All summaries and discussions of documentation and/or financial information contained herein are qualified in their entirety by reference to the actual documents and/or financial statements, which upon request may be made available. The terms and conditions described herein are subject to change without notice. This Confidential Memorandum does not constitute an offer to accept any investment proposal but is merely a solicitation of interest with respect to the investment described herein. The Confidential Memorandum does not constitute an offer of security. The investment described herein may be financed or withdrawn from the market, without prior notice. By accepting this Confidential Memorandum you agree to release SJC and hold it harmless from any kind of claim, expense, or liability arising out of your discovery or purchase of the Property. SJC reserves the right to request the return of the Materials at any time. Ownership of the Property reserves the right to negotiate with one or more prospective investors at any time.
Offered Exclusively by Gill Warner, CCIM Senior Director [email protected] P: +1 918.794.9512
Sharon Jordan Senior Analyst [email protected] P: +1 918.794.9513
In association with: Toby Scrivner TX Lic. # 452773
Stan Johnson Company 6120 S Yale Ave Suite 300 Tulsa, OK 74136 P: 918.494.2690
stanjohnsonco.com
The Offering
Purchase Price: $2,425,000 Cap Rate: 4.00%
Stan Johnson Company is pleased to exclusively offer for sale to qualified investors, the opportunity to purchase a 100% fee-simple interest in the ground leased commercial property located at 100 N. Custer Rd in McKinney, Texas (the “Property”). The Property completed construction in 2014. The approximately 2,940 SF building sits on approximately 0.92 acres. The Property is leased to and corporately guaranteed by 7-Eleven, Inc. The 15-year base lease commenced in December 2014 and features 10% rental increases every five years through the duration of the base lease, and each of the four, fiveyear renewal option periods. The lease is Absolute NNN with no landlord responsibility. McKinney is a city in and the county seat of Collin County, Texas, and the second in population. As of the 2010 census, the city’s population was 131,117, making it the 19th-most populous city in Texas. It is part of the Dallas-Fort Worth metroplex, and is located about 37 miles north of Dallas. The Census Bureau listed McKinney as the nation’s fastest-growing city from 2000 to 2003 and again in 2006, among cities with more than 50,000 people. In 2007, it was ranked second fastest-growing among cities with more than 100,000 people and in 2008 as third fastest. The most recent population estimate, produced by the city as of January 1, 2016, is 161,905.
Investment Highlights 13+ Years Base Lease Term Remaining Fifteen (15) year base lease that commenced on December 11, 2014, with two (4), five (5) year option periods. Rental Increases The lease has 10% increases every five (5) years throughout the primary term and in each option period. Highly Visible Location in Newly Developed Retail Corridor Situated on the corner of a recently developed, high-traffic intersection and adjacent to other major national retail tenants such as LA Fitness, Sprouts Farmers Market, CVS, Chase Bank, Pizza Hut, Home Depot, Dunkin Donuts, and many others. No Landlord Responsibilities Absolute NNN Ground Lease with zero landlord responsibility for the duration of the base lease and renewal option periods. Dallas MSA with Strong Demographics This property is located roughly 34 miles from downtown Dallas, Texas. As of 2015, 71k+ people were living within a 3-mi radius, with an average household income of $138k+. Corporate Lease with Investment Grade Credit The Property features a corporate-guaranteed lease from 7-Eleven, Inc., the world’s largest operator, franchisor and licensor of convenience stores and the 35th largest retailer in the United States. 7-Eleven, Inc. currently holds an investment grade rating of AA-/Stable from S&P.
2
7-Eleven - McKinney (Dallas), TX
Lease Abstract Tenant Name:
7-Eleven, Inc.
Guarantor:
7-Eleven, Inc.
Property Address:
100 N. Custer Road, McKinney, TX 75071
Building Size (SF):
+/- 2,940 SF
Land Size:
+/- 0.92 Acres
Year Constructed:
2014
Primary Term:
Fifteen (15) years
Rent Commencement:
December 11, 2014
Lease Expiration:
December 31, 2029
Renewal Option:
4, 5-year options
Current NOI:
$97,000
Escalation:
10% every 5 years
Property Use:
Convenience Store
Lease Type:
Ground Lease
Expenses:
Absolute NNN
3
7-Eleven - McKinney (Dallas), TX
Subject Property
Rent Schedule Lease Years
Annual Rent
Monthly Rent
% Increases
1–5
$97,000
$8,083.33
-
6 – 10
$106,700
$8,891.67
10%
11 – 15
$117,370
$9,780.83
10%
16 – 20 (Option 1)
$129,107
$10,758.92
10%
21 – 25 (Option 2)
$142,018
$11,834.83
10%
26 – 30 (Option 3)
$156,219
$13,018.25
10%
31 – 35 (Option 4)
$171,841
$14,320.08
10%
Tenant Overview 7-Eleven is the world’s largest operator, franchisor and licensor of convenience stores with more than 55,000 stores in 15 countries around the globe. The largest markets are Japan, the United States, Thailand, the Republic of Korea and Taiwan. 7-Eleven branded stores operate under 7-Eleven Japan, who is a subsidiary of parent company, Seven & I Holdings Co., Ltd., a Japanese diversified retail group that is currently the fifth-largest retailer in the world. The company originated in 1927 in Dallas, Texas, when an employee of what was Southland Ice Company began selling milk, eggs and bread from an improvised storefront in one of the company’s ice houses. The concept took off and today, stores operate 24 hours-a-day, 7 days-a-week to meet the needs of convenience-oriented customers by providing a broad selection of fresh, high-quality products and services at everyday fair prices in a clean and friendly shopping environment. Each store offers roughly 2,500 products and is tailored to their immediate market. Stores typically vary from 2,400 SF to 3,000 SF and are most often located on corners for great visibility and easy access. 7-Eleven has been consistently ranked in Entrepreneur’s Franchise 500 (ranked 6th in 2014). In addition, they were ranked second in Entrepreneur’s 2014 Fastest-Growing Franchises. Currently, 7-Eleven is ranked as the 35th largest retailer in the United States by the National Retail Federation. 2015 U.S. worldwide sales were roughly $85.71 billion, representing a YoY increase of 13.8%. Total U.S. stores grew 3.9% from 7,672 locations in 2012 to 7,974 locations in 2013.
Location Overview McKinney is a city in the county seat of Collin County, Texas, and the second in population. McKinney is part of the Dallas-Fort Worth metroplex, and is located about 37 miles north of Dallas. The Census Bureau listed McKinney as the nation’s fastest-growing city from 2000 to 2003 and again in 2006, among cities with more than 50,000 people. In 2007, it was ranked second fastestgrowing among cities with more than 100,000 people and in 2008 as third fastest. The most recent population estimate, produced by the city as of January 1, 2016, is 161,905. Money Magazine ranked McKinney as the #1 Best Place to Live in America. McKinney has been featured in the top 5 on the list since 2010 because of its excellent schools, beautiful natural parks and open spaces, affordable and diverse housing, plenty of jobs and a vibrant downtown. McKinney offers an incomparable lifestyle coupled with an exceptional business environment. Its economy is diverse and offers a mix of industries - medical technology, data management, manufacturing, sustainability, aviation, defense, retail, office and transportation.
The City of Dallas is a major city in North Texas and, with Fort Worth, makes up the fourth most populous metropolitan area in the United States. Dallas is the ninth most populated city in the U.S. and the third in Texas after Houston and San Antonio. The bulk of the city is in Dallas County, of which it is the county seat, while sections of the city are located in Collin, Denton, Kaufman, and Rockwall counties. Dallas, along with the rest of Texas, has seen increasing population. Dallas is located at the confluence of four major interstate highways—Interstates 20, 30, 35E, and 45. The Dallas Area Rapid Transit system provides rail, buses and HOV lanes to commuters. The Dallas metropolitan area is home to five major league sports teams: the Dallas Cowboys (NF), Dallas Mavericks (NBA), Texas Rangers (MLB), Dallas Stars (NHL), and FC Dallas (MLS). Dallas is a center of education for much of the south central United States. In addition to those located in the city, the surrounding area also contains a number of universities, colleges, trade schools, and other educational institution including 337 public schools, 89 private schools, 38 colleges, and 32 libraries.
5
7-Eleven - McKinney (Dallas), TX
Downtown Skyline - Dallas, TX
R. STEVE FOLSOM ELEMENTARY SCHOOL
E University Drive (28,667 VPD)
SCOTT ELEMENTARY SCHOOL
TADLOCK ELEMENTARY SCHOOL
N Custer Rd (13,408 VPD)
289/Preston Rd (17,315 VPD)
Virginia Pkwy (16,802 VPD)
ISABEL PIERCE SEM ELEMENTARY SCHOOL LIBBY CASH MAUS MIDDLE SCHOOL
Eldorado Pkwy (21,320 VPD)
HERITAGE HIGH SCHOOL
EDDINS ELEMENTARY SCHOOL
STONEBRIDG E RANCH COUNTRY CLUB
WOLFORD ELEMENTARY SCHOOL EVANS MIDDLE SCHOOL Gabe Nesbitt Community Park
N
Demographics 100 N. Custer Road | McKinney, TX 75071
0 - 1 mi.
0 - 3 mi.
0 - 5 mi.
Population 2015 Population
13,636
71,103
156,732
2020 Population
16,589
89,883
193,312
2010-2015 Annual Rate
3.95%
5.17%
5.06%
2015-2020 Annual Rate
4.00%
4.80%
4.28%
2015 Total Households
4,476
23,172
51,800
2020 Total Households
5,458
29,306
64,008
2010-2015 Annual Rate
3.81%
4.82%
4.95%
2015-2020 Annual Rate
4.05%
4.81%
4.32%
2015 Average Household Income
$134,243
$138,052
$130,833
2015-2020 Annual Rate
4.05%
4.81%
4.32%
Households
N
Offered Exclusively by
Gill Warner, CCIM Senior Director [email protected] P: +1 918.794.9512
going beyond
Sharon Jordan Senior Analyst [email protected] P: +1 918.794.9513
In association with: Toby Scrivner TX Lic. # 452773
Stan Johnson Company 6120 S Yale Ave Suite 300 Tulsa, OK 74136 P: 918.494.2690 stanjohnsonco.com
The information contained herein was obtained from sources believed reliable, however, Stan Johnson Company makes no guaranties, warranties or representations as to the completeness thereof. The presentation of this property for sale, rent or exchange is submitted subject to errors, omissions, change of price or conditions, or withdrawal without notices.
Approved by the Texas Real Estate Commission for Voluntary Use Texas law requires all real estate licensees to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords.
Information About Brokerage Services
B
efore working with a real estate broker, you should know that the duties of a broker depend on whom the broker represents. If you are a prospective seller or landlord (owner) or a prospective buyer or tenant (buyer), you should know that the broker who lists the property for sale or lease is the owner’s agent. A broker who acts as a subagent represents the owner in cooperation with the listing broker. A broker who acts as a buyer’s agent represents the buyer. A broker may act as an intermediary between the parties if the parties consent in writing. A broker can assist you in locating a property, preparing a contract or lease, or obtaining financing without representing you. A broker is obligated by law to treat you honestly. IF THE BROKER REPRESENTS THE OWNER: The broker becomes the owner’s agent by entering into an agreement with the owner, usually through a written listing agreement, or by agreeing to act as a subagent by accepting an offer of subagency from the listing broker. A subagent may work in a different real estate office. A listing broker or subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first. The buyer should not tell the owner’s agent anything the buyer would not want the owner to know because an owner’s agent must disclose to the owner any material information known to the agent. IF THE BROKER REPRESENTS THE BUYER: The broker becomes the buyer’s agent by entering into an agreement to represent the buyer, usually through a written buyer representation agreement. A buyer’s agent can assist the owner but does not represent the owner and must place the interests of the buyer first. The owner should not tell a buyer’s agent anything the owner would not want the buyer to know because a buyer’s agent must disclose to the buyer any material information known to the agent. IF THE BROKER ACTS AS AN INTERMEDIARY: A broker may act as an intermediary between the parties if the broker complies with The Texas Real Estate License
Act. The broker must obtain the written consent of each party to the transaction to act as an intermediary. The written consent must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker’s obligations as an intermediary. The broker is required to treat each party honestly and fairly and to comply with The Texas Real Estate License Act. A broker who acts as an intermediary in a transaction: (1) shall treat all parties honestly; (2) may not disclose that the owner will accept a price less than the asking price unless authorized in writing to do so by the owner; (3) may not disclose that the buyer will pay a price greater than the price submitted in a written offer unless authorized in writing to do so by the buyer; and (4) may not disclose any confidential information or any information that a party specifically instructs the broker in writing not to disclose unless authorized in writing to disclose the information or required to do so by The Texas Real Estate License Act or a court order or if the information materially relates to the condition of the property. With the parties’ consent, a broker acting as an intermediary between the parties may appoint a person who is licensed under The Texas Real Estate License Act and associated with the broker to communicate with and carry out instructions of one party and another person who is licensed under that Act and associated with the broker to communicate with and carry out instructions of the other party. If you choose to have a broker represent you, you should enter into a written agreement with the broker that clearly establishes the broker’s obligations and your obligations. The agreement should state how and by whom the broker will be paid. You have the right to choose the type of representation, if any, you wish to receive. Your payment of a fee to a broker does not necessarily establish that the broker represents you. If you have any questions regarding the duties and responsibilities of the broker, you should resolve those questions before proceeding.
Real estate licensee asks that you acknowledge receipt of this information about brokerage services for the licensee’s records.
Buyer, Seller, Landlord or Tenant
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Texas Real Estate Brokers and Salespersons are licensed and regulated by the Texas Real Estate Commission (TREC). If you have a question or complaint regarding a real estate licensee, you should contact TREC at P.O. Box 12188, Austin, Texas 78711-2188 or 512-465-3960.
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EQUAL HOUSING OP P O RT U N I T Y
TREC No. OP-K
