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- LoopNet Team
1516 W University Dr
Mckinney, TX 75069
Take 5 Oil Change · Retail Property For Sale
PROPERTY FACTS
ABOUT 1516 W UNIVERSITY DR , MCKINNEY, TX 75069
- Brand New 10-Year Ground Lease Commencing in Early 2020 - Property is Currently Under Construction — New State-of-the-Art Ground-Up Construction Paid for By Tenant - Strong Corporate Guaranty — Driven Brands has Over 2,500 Locations - Internet- and Recession-Proof Tenant - Located at a Signalized Intersection — Great Location on US Hwy 380 in the Fast Growing Dallas Suburb of McKinney TX - Adjacent to Walmart Supercenter, Sam’s Club, Kroger & WinCo - Population in a 5-Mile Radius is over 118,000, a Growth of 37% in the since 2010 with Another 14% Projected by 2024 - Located on a Major Thoroughfare of McKinney, just east of US Hwy 75, a Major Highway Connecting McKinney to Dallas. Traffic Counts on W University Dr (Hwy 380) Exceed 32,000 Vehicles per Day, with Traffic Counts Surpassing 142,000 VPD on US Hwy 75 - The Average Household Income with a 5-Mile Radius is Over $103,000 — Nearly 1.4x the National Average - Major Retail Corridor in McKinney — Surrounding National Retailers Include Kroger, WinCo Foods, Sam’s Club, Walgreens, Target, Lowe’s, Home Depot, Walmart Supercenter, Costco Wholesale, Best Buy and Many, Many More
PROPERTY TAXES
| Parcel Number | R-0888-005-0030-1 | Improvements Assessment | $303,117 |
| Land Assessment | $449,412 | Total Assessment | $752,529 |
PROPERTY TAXES
