McKINNEY 121 STRIP McKINNEY, TX (DALLAS MSA) SUBJECT PROPERTY PRICING & FINANCIAL ANALYSIS McKINNEY 121 STRIP McKinney 121 Strip 8480 TX-121 McKinney, TX 75070 OFFERING SUMMARY Price $2,735,000 Cap Rate 7.00% Net Operating Income $191,455 Price PSF $392.11 Occupancy 100.0% Year Built 2016 Gross Leasable Area 6,975 SF Lot Size 0.77 Acres FINANCIAL ANALYSIS 2 PRICING & FINANCIAL ANALYSIS McKINNEY 121 STRIP PROJECTED INCOME & EXPENSES CURRENT PSF EXPENSES CURRENT PSF Base Rent - Occupied Space 100% 192,033 $27.53 Real Estate Taxes $33,307 $4.78 Base Rent - Lease Up Space 0% $0.00 $0.00 Insurance $2,764 $0.40 GROSS POTENTIAL RENT $192,033 $27.53 CAM Expense Reimbursements Fire Alarm Monitoring $455 $0.07 Real Estate Taxes $33,307 $4.78 Landscaping $4,316 $0.62 Insurance $2,764 $0.40 Trash Disposal $2,196 $0.31 CAM $12,310 $1.76 Gas $655 $0.09 Mgmt. Fee $3,567 $0.51 Sewer / Stormwater Drainage $1,054.70 $0.15 Total Expense Reimbursements $51,947 $7.45 Water Building $666.25 $0.10 GROSS POTENTIAL INCOME $243,981 $34.98 Total CAM $11,931 $1.71 Vacancy Factor 0.00% $0.00 $0.00 Management Fee 1.85% $4,524 $0.65 EFFECTIVE GROSS REVENUE $243,981 $34.98 Total Expenses $52,525 $7.53 Operating Expenses Real Estate Taxes ($33,307) ($4.78) Insurance ($2,764) ($0.40) For Financing Options, Please Contact: CAM ($11,931) ($1.71) Greg Holley | Managing Partner High St Capital Mgmt. Fee 1.85% ($4,524) ($0.65) (O) 469-998-7200 | (C) 714.514.2990
[email protected] Total Recoverable Expenses ($52,525) ($7.53) Net Operating Income $191,455 $27.45 FINANCIAL ANALYSIS 3 RENT ROLL McKINNEY 121 STRIP Escalation Escalation Suite Tenant SQ FT % of SQFT Start End Annual Rent PSF Options Date Amount 101 Sprint 1,475 21.1% 1/27/2017 1/31/2027 $47,200 $32.00 11/1/2021 $35.00 2 x 5 102-104 Anytime Fitness 5,500 78.9% 7/9/2018 7/8/2024 $143,000 $26.00 8/9/2021 $28.00 1 x 5 Occupied 6,975 100.0% $190,200 $27.27 Vacant 0 0.0% Total 6,975 100.0% Lease Notes: • The analysis date for the Income & Expenses is June, 24 2020.