12121 University dr - Retail FOR SALE


McKinney, TX 75071
$2,600,000 USD
214-335-4068
12121 University dr, McKinney, TX for Sale
$2,600,000 USD
Retail - FOR SALE
1/9
null | 5% Cap Rate

12121 University dr
McKinney, TX 75071


HIGHLIGHTS

  • Zero Landlord Responsibility Corporate Take 5 Oil Change Asset Located in Affluent and High Growth DFW Submarket of McKinney, TX
  • 2025 Construction 15 Year Ground Lease with 10% Rent Escalations Every 5 Years Situated on +/- 0.79 Acres
  • Adjacent to H-E-B Grocery Company, LP Owned Land
  • Subsidiary of Driven Brands, Inc.; Operates over 5,200 Units Across 13 Countries and Reported System-Wide Sales of $6.5 Billion
  • Exceptional Positioning Along Highway 380, Primary Retail Corridor with Traffic Counts Exceeding 33,000 VPD
  • Total Household Income 1-, 3- and 5-Mile Radius Exceeds $194,400, $207,800 & $218,300, Respectively

OVERVIEW

Take 5 Oil Change recently signed a 15 year corporate ground lease for a brand new 2025 construction asset adjacent to a highly anticipate brand new H-E-B in the affluent, high growth city of McKinney, Texas. The tenant is anticipated to open for business January 2026. The Property is situated on +/-0.79 acres with exceptional positioning to Highway 380. Take 5 Oil Change Ground Lease is located 30 minutes from downtown Dallas, 25 minutes from Dallas Fort Worth International Airport, and 40 minutes from downtown Fort Worth. The Property consists of a brand new 1,708 SF building with parallel positioning to Highway 380. The ground lease features 10% rental escalations every 5 years with three 5-year renewal options and zero landlord responsibilities. Take 5 is a subsidiary of Driven Brands, Inc. which operates over 5,200 units across 13 countries and reported system-wide sales of $6.5 billion. Since Driven Brands, Inc. has acquired Take 5 Oil Change in 2016 the brand has grown from around 50 locations to over 1,000. Notable national retailers in the immediate area include H-E-B, Walmart Supercenter, Lowes, The Home Depot, Chick Fil A, Wild Fork, Sherwin Williams, Starbucks and Chipotle amongst others.

FOR SALE DETAILS

PRICE

$2,600,000 USD

PRICE/SF

$1,522 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Take 5 Oil Change Ground Lease

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Auto Repair, Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.79 AC

LAND SF

34,412 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Tommy TuckerSHOP CompaniesMore Info
214-335-4068

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Tommy TuckerSHOP CompaniesMore Info
214-335-4068

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.