Posted on by in Civic, Texas

McKINNEY, KELLER AND TROPHY CLUB, TEXAS — Marcus & Millichap has brokered the sale of three properties net-leased to Merryhill Schools totaling 27,600 square feet in the northern suburbs of the Dallas/Fort Worth Metroplex. The tenant, a branch of Nobel Learning Communities Inc., operates a private preschool in each of the facilities. The assets include a 7,800-square-foot building located at 6050 Eldorado Parkway in McKinney, which is shadow-anchored by Market Street grocery store; a 7,800-square-foot building located at 1750 Rufe Snow Drive in Keller, in proximity to Walmart Neighborhood Market; and a 12,000-square-foot building located at 50 Village Trail in Trophy Club, in proximity to Tom Thumb. More than nine years remain on each of the leases, which include three, five-year renewal options and scheduled rent bumps. Chris Gainey and Philip Levy of Marcus & Millichap marketed the properties on behalf of the seller, a fund manager. The two also secured the buyer, a private investor.

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
‣ Pavlov Media
‣ Walker & Dunlop

Subscribe to the newsletter

Webinars on Demand

Read the Digital Editions

Northeast Multifamily & Affordable Housing Business

Midwest Multifamily & Affordable Housing Business

Western Multifamily & Affordable Housing Business

Texas Multifamily & Affordable Housing Business

Southeast Multifamily & Affordable Housing Business

Heartland Real Estate Business

Northeast Real Estate Business

Southeast Real Estate Business

Texas Real Estate Business

Western Real Estate Business

Shopping Center Business

California Centers

Student Housing Business

Seniors Housing Business

Featured Properties