12081 W University Dr
McKinney, TX
Price:
$4,000,000
Cap Rate:
3.75%
NOI:
$150,000
Building Size:
Approx. 4,285 Sq. Ft.
Lot Size:
Approx. 1.41 Acres
Type:
Single-Tenant / Retail
Sub Category:
QSR
Year Built:
2024
Investment Overview
- 2024 Construction. 4,285+/- SF Building on 1.41+/- Acre Site
- Brand New 20-Year Abs. Ground Lease w/ 10% Rental Increases Every 5 Years, & (8) 5-Year Options to Renew.
- The Subject Property Is a Pad Site for a Brand New H-E-B Store at US Highway 380/University Dr & Coit Road (45,868+ VPD). H-E-B Has 430+ Stores, 155k Employees, & Is Expanding in North Texas, Driving Economic Growth.
- Excellent Demographics: 183,845 Residents Within 5 Miles, with an Average Household Income of $181,405.
- Nearby Schools: Lorene Rogers Middle, R. Steve Folsom Elementary, Rock Hill High, Jim and Betty Hughes Elementary, and the New Daniel L. Jones Middle.
- McDonald’s, the Largest Fast-Food Chain Globally, Operates Over 41,000 Locations and Generates Over $23.20 B in Revenue.
- McKinney | A Rapidly Growing Dallas Suburb with a 20% Population Increase Since 2017 | Population: 214,810+