$3,391,000 USD
480-718-5555
1530 N Hardin Blvd
McKinney, TX 75071
Allen/McKinney
HIGHLIGHTS
- NEW 20-YEAR ABSOLUTE NNN LEASE: Brand new 20-year Absolute NNN lease with attractive 7.50% rental escalations every 5 years
- TENANT: Ram-Z Custard, LLC owns & operates 75 locations which include 40 Freddy’s restaurants (including those currently under construction)
- 6th largest Freddy’s franchisee in the U.S., and 35 Schlotzsky’s locations, making it the largest Schlotzsky’s franchisee in the country.
- LARGE PARCEL | TRAFFIC COUNTS: Property sits on a large ±1.04-acre lot with an excellent visibility/access on Hardin Blvd
- DENSE RETAIL/OFFICE CORRIDOR: Strategically positioned adjacent to Raytheon’s Manufacturing facility (over 3,000 employees)
- BRAND NEW CONSTRUCTION: New, build-to-suit of Freddy’s latest prototype with an 11-car stack in drive-thru - slated to open August 2025
FOR SALE DETAILS
PRICE
$3,391,000 USD
PRICE/SF
$1,340 USD /SF
CAP RATE
5.75%
% LEASED
-
TENANCY
-
STATUS
Proposed
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
FREDDY'S - MCKINNEY, TX
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
ADD'L SUBTYPES
Bank, Fast Food, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
-
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.04 AC
LAND SF
45,302 SF
ZONING
C
APN/PARCEL ID
R-11844-00A-0080-1
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480-718-5555
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480-718-5555
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