Parkside at Craig Ranch

JLL as the exclusive selling agent is pleased to present Parkside at Craig Ranch, located at 7149 Van Tuyl Pkwy, McKinney, TX 75070.

This unique investment opportunity offers a premium master-planned community comprising 1,824 units on 41 acres. Developed in phases from 2014 to 2021, Parkside at Craig Ranch provides compelling value with average rent representing only 20% of the rent-to-income ratio for residents. Positioned below replacement cost, it fosters substantial economies of scale, setting the stage for strategic enhancements and rent optimization.

The property features five stories across five phases, complete with five pools, multiple fitness centers, various sports courts, and an on-site sundry store. With 94% current occupancy, it continues to draw high demand underpinned by a robust mix of studios, one, two, and three-bedroom units averaging 841 sq ft. Recent capital improvements totaling $9 million and an upcoming $3.5 million amenity upgrade enhance the living experience.

Situated in rapidly growing McKinney, Texas, Parkside at Craig Ranch benefits from exceptional connectivity via Sam Rayburn Tollway and proximity to dynamic mixed-use developments such as Sloan Corners and The Farm in Allen. With significant surrounding investments exceeding $8 billion, the region’s growth trajectory offers promising upside potential.

Investors are invited to capitalize on continued modernization initiatives and bridge rental disparities with market competitors. This opportunity promises secure cash flow and a path to sustained value creation through incremental rent increases, aligning with projected demographic trends and market expansion in McKinney.