4004 University Dr - Restaurant FOR SALE


McKinney, TX 75071
$5,289,000 USD
480-221-4221
4004 University Dr, McKinney, TX for Sale
$5,289,000 USD
Restaurant - FOR SALE
1/7
null | 4.5% Cap Rate

4004 University Dr
McKinney, TX 75071


HIGHLIGHTS

  • 15-Year Lease | Corporate Guaranteed | Options To Extend | Drive-Thru Equipped | Scheduled Rental Increases
  • Absolute NNN | 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 | 1ST Store in TX

OVERVIEW

• Cafe Zupas L.C. Corporate guaranteed lease • 15-year ground lease with 3 (5-year) options extend • The lease feature 10% rental increases every five years throughout the initial term and at the beginning of each option period • The site offers a large 1.21-acre lot, allowing for future development and long-term redevelopment opportunities

FOR SALE DETAILS

PRICE

$5,289,000 USD

PRICE/SF

$1,846 USD /SF

CAP RATE

4.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Cafe Zupas

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

39

LAND DETAILS

LAND ACRES

0.67 AC

LAND SF

29,019 SF

ZONING

C2

APN/PARCEL ID

R-6450-001-1090-1

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.