5601 Virginia PkwyMcKinney, TX 75071

This exceptional investment opportunity presents The Virginia Center, a Class B, multi-tenant medical office complex in McKinney, Texas. The property encompasses 11,187 square feet across two single-story buildings situated on a 1.15-acre lot. Built in 2000, the complex currently boasts 75% occupancy with six units, four of which are currently leased. The property features a Net Lease (NNN) structure with a strong Net Operating Income (NOI) of $289,875, yielding a compelling 7.25% capitalization rate. The asking price is $4,000,000, translating to a price per square foot of $357.56. Conveniently located at 5601 Virginia Pkwy, McKinney, TX 75071, this property offers easy access to major thoroughfares including Highway 380 and US 75, ensuring high visibility and accessibility. Two vacant units (1 and 1A) are available for lease at $20 per square foot plus $8 in NNN expenses. The seller will provide a six-month master lease for these units at closing, guaranteeing immediate income for the new owner. This presents a unique opportunity to increase occupancy and further enhance the property's value. The property's strong location, existing tenant base, and potential for increased occupancy make it an attractive investment prospect in the thriving McKinney market.