3630 W University Dr - Bank FOR SALE


McKinney, TX 75071- Anna/Melissa
$5,691,176 USD
407-913-9009
3630 W University Dr, McKinney, TX for Sale
$5,691,176 USD
Bank - FOR SALE
1/7
null | 4.25% Cap Rate

3630 W University Dr
McKinney, TX 75071
Anna/Melissa


OVERVIEW

Long-Term Absolute NNN Lease: Structured as a 20-year absolute NNN lease with over 15 years of term remaining, inclusive of four (4) five-year renewal options, and providing for ZERO landlord responsibilities. Tax Advantage: Located in a no state income tax environment. Extremely Rare 12.5% Increases: The lease includes 12.5% rent escalations every five years throughout the base term and renewal options, with the next increase scheduled for May 2026—delivering consistent income growth and a strong hedge against inflation. Rare Fee Simple Lease Structure: The property is offered fee simple, providing investors with full ownership of both the building and underlying land—an uncommon structure compared to many ground-leased bank branch investments. Prime Retail Location with Dominant National Co-Tenancy: Strategically positioned as an outparcel to Costco and surrounded by strong national retailers including Marshalls, Petco, Crumbl, and Five Guys, creating a highly trafficked retail corridor that drives consistent consumer activity and exceptional site visibility. High-Traffic, Signalized Intersection: Prominently located at the intersection of Highway 380 and S. Hardin Blvd, a major retail corridor with 105,633 vehicles per day, offering excellent accessibility, strong commuter traffic, and sustained customer exposure. Adjacent to Major Employment Hub: The property is located directly next to a Raytheon campus employing approximately 3,000 people, providing a significant daytime population and reinforcing the site’s long-term visibility, consumer traffic, and underlying real estate fundamentals. Investment Grade Tenant: PNC (NYSE:PNC) is a leading financial services provider in the country with over 2,500 locations and an S&P credit rating of A.

FOR SALE DETAILS

PRICE

$5,691,176 USD

PRICE/SF

$1,423 USD /SF

CAP RATE

4.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

47

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

C2

APN/PARCEL ID

R-11213-00A-0020-1

ASK ABOUT THIS PROPERTY

Connor ShellStream Capital PartnersMore Info
407-913-9009

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

Connor ShellStream Capital PartnersMore Info
407-913-9009

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