3850 W University Dr - Fast Food FOR SALE


McKinney, TX 75071- Allen/McKinney
$2,302,000 USD
480-221-4221
3850 W University Dr, McKinney, TX for Sale
$2,302,000 USD
Fast Food - FOR SALE
1/10
null | 4.3% Cap Rate

3850 W University Dr
McKinney, TX 75071
Allen/McKinney


HIGHLIGHTS

  • Over 12 Years Remaining on Initial Term | Scheduled Rental Bumps | Drive-Thru Equipped | Extra Large Lot (1.30 Acres)
  • Absolute NNN Ground Lease | Leased Fee Ownership | Zero Landlord Responsibilities
  • Co-tenancy With National/Credit Tenants | Frontage Visibility | High Traffic Count (+/- 70,000 VPD) | Dense Retail Corridor
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

• Dutch Bros has over 12 years remaining on its initial 15-year term, with 6 (5-year) options to extend, demonstrating long-term commitment to the site • The lease features 10% rental increases every 5 years during the initial term and at the beginning of each option period, growing NOI and hedging against inflation • The first rental increase occurs in March 2028, increasing NOI to $108,900 • The site offers an extra-large 1.30 acre lot, allowing for future development and long-term redevelopment opportunities

FOR SALE DETAILS

PRICE

$2,302,000 USD

PRICE/SF

$1,099 USD /SF

CAP RATE

4.3%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dutch Brothers

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

19

LAND DETAILS

LAND ACRES

1.3 AC

LAND SF

56,628 SF

ZONING

C3

APN/PARCEL ID

R-9274-00A-02BR-1

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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