Rockbrook Equity Acquires Dollar General Retail Property In McKinney For Long-Term Investment Strategy
902 North Mcdonald Street
Building Size
9,259 SF
Asset Type
Retail
Closing
Mar 12, 2026
AI
The property involved in the transaction is located at 902 North Mcdonald Street in McKinney, Texas. This retail asset spans 9,259 square feet and sits on a 3.94-acre lot. It is situated along the North McDonald corridor in a rapidly growing market in North Texas. The site is currently occupied by Dollar General, providing in-place tenancy with significant long-term repositioning potential. The property is zoned ML – Light Manufacturing, allowing for various industrial uses.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Buyer: Cole Horowitz & Jon Birnbrey - Rockbrook Equity
- Seller: Dollar General
- Buyer's Representative: Liam Wagner - Younger Partners
- Asset Size: 9,259 SF
- Acres: 3.94
- Market: McKinney
The transaction involves key individuals in the real estate sector. Cole Horowitz and Jon Birnbrey represent Rockbrook Equity as the buyers. Liam Wagner represents the buying side in this deal as part of Younger Partners. The acquisition reflects Rockbrook's strategic focus on value-add opportunities and aims to enhance the property's functionality and long-term value.
Players
McKinney Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93