McKinney, Texas, is an attractive destination for investors seeking to capitalize on the city's growing demand for restaurants. With a population of approximately 210,000, McKinney offers a diverse range of opportunities for restaurateurs. Restaurants in McKinney can represent a variety of investments, from casual eateries to fine dining establishments, catering to the city's growing population of young professionals and families. McKinney's amenities, infrastructure, location, education, and geography make it an ideal place to invest in a restaurant. The city is home to institutions like Collin College and the Medical Center of McKinney, ensuring a steady stream of customers. Additionally, McKinney's proximity to major highways, such as US 75 and SH 121, and its airport connectivity make it easily accessible to visitors. The city's attractions, including the McKinney Performing Arts Center and the Heard Natural Science Museum & Wildlife Sanctuary, also contribute to its appeal. Overall, McKinney is a great place for business and travel, with its rich history, cultural events, and notable residents.
McKinney's restaurant scene is characterized by its diversity and accessibility. With 2 restaurants for sale in McKinney, investors have a range of options to choose from. In addition to restaurants, McKinney also offers opportunities to invest in apartment buildings, shopping centers, specialty properties, and hotels. For instance, investors can explore apartment buildings near the McKinney National Airport or shopping centers along US 75. Specialty properties, such as those near the McKinney Performing Arts Center, can also offer unique investment opportunities. Hotels, like those near the TPC Craig Ranch golf course, can cater to visitors attending events like the AT&T Byron Nelson golf tournament. Overall, McKinney's diverse range of investment opportunities makes it an attractive destination for investors seeking to capitalize on the city's growth.
What is the average cost per square foot for a restaurant in McKinney?
In McKinney, the average cost per square foot for a restaurant is $1,683 USD per square foot, with available listings totaling 2 and average sizes ranging from 2,852 square feet to 3,042 square feet.
What factors determine the value of a restaurant for sale in McKinney?
The value of a restaurant for sale in McKinney is determined by a combination of factors, including:
- the average price per square foot, which is currently $1,683 USD per 2,852 square feet;
- the restaurant's size, with available listings ranging from 2,852 to 3,042 square feet;
- the average cap rate, which is currently 5.16%, as well as the overall demand for restaurants in McKinney, which is influenced by the city's growing population of over 200,000 residents and its strong economy driven by industries such as healthcare, education, and technology.
