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STRIVE Arranges the Sale of Retail Strips at 380 Crossing  in McKinney, TX

By Mike Mulcahy

February 11, 2020

MCKINNEY, TX – STRIVE, a commercial real estate investment sales firm based in Dallas, Texas, recently announced the sale of six retail strips at 380 Crossing in the Dallas suburb or McKinney. The six assets are all newly constructed and are part of a Costco Wholesale-anchored retail development that pulls consumers from across the McKinney submarket. 

Situated on the northeast corner of U.S. Route 380 and Hardin Blvd, the properties sit in a growing and affluent area of the Dallas metroplex. The population in a three-mile radius has grown by over 36% in the last decade, with nearly 150,000 people

people living in the surrounding five miles. An additional 15% of population growth is projected by 2024. The demographics around the assets are also superb, with an average household income of nearly $130,000 – nearly double the national average. 

 

The population base surrounding the six retail strips is supported by a strong retail presence. Within the 380 Crossing development are the aforementioned Costco Wholesale, plus Hobby Lobby, Petco and Marshalls. Additionally, a significant number of national retailers are within a few miles of the assets, including Target, Kroger, Walmart Supercenter, 24 Hour Fitness, Best Buy, Lowe’s, The Home Depot, Walgreens, Sam’s Club and many more. 

 

Collin College, public community college, and two of McKinney’s high schools – McKinney Boyd and McKinney North – are less than two miles from the properties. The Raytheon Company, a major U.S. defense contractor and industrial corporation, also houses its Space and Airborne Systems business division across U.S. Route 380 from the assets. 

 

STRIVE exclusively represented the Seller, a Dallas-area investor, and also sourced the Buyer, an investor from the North Texas area. Additional terms of the sale were not disclosed.

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