3755 W University Dr
McKinney, TX 75071
Panera Bread · Retail Property For Sale

The subject investment property is situated on the southwest corner of U.S Highway 380 and Hardin Road, which boasts average daily traffic counts of over 38,900 and 10,200 vehicles respectively. U.S Highway 380 intersects with U.S. Highway 75, which brings an additional 20,435 vehicles into the immediate area on average daily. There are more than 62,900 individuals residing within a three-mile radius of the property and more than 150,280 individuals within a five-mile radius. This café is situated in an affluent suburban community with an average household income of over $103,000 within a three-mile radius. The subject property benefits from being well-positioned in a highly dense retail corridor consisting of national and local tenants, shopping centers, and hotels all within close proximity of this property. Major national tenants include: Target, Walmart, Walgreens, Best Buy, Lowe’s, Burger King, Chick-Fil-A, McDonald’s, O’Reilly Auto Parts, Subway, Chili’s, Wendy’s, Kroger, and Sam’s Club. Accommodations within the nearby area include Holiday Inn and Comfort Inn. This café also benefits from being situated within a five-mile radius of several academic institutions which have a combined enrollment exceeding 4,000 students. The most notable of the academic institutions is Collin College which is located less than four miles from the subject property and enrolls over 52,000 students. Collin College serves as the local community college of Collin County and the neighboring Rockwall County. Baylor Scott & White Medical Center, a 143-bed facility offering full-service care, is located less than three miles from the property. McKinney is a city in and the county seat of Collin County, Texas, and second in population size to Plano, Texas. It is part of the Dallas-Fort Worth Metroplex, and is located 30 miles north of Dallas. The diverse economy offers a mix of industries: medical technology, data management, manufacturing, sustainability, aviation, defense, retail, office, and transportation. The robust business infrastructure has attracted companies such as Raytheon, Wistron GreenTech, Torchmark, Zynga, and many more; the presence of which further asserts McKinney’s commitment to growth and sustainable development. There were 19 major commercial projects completed in 2017 alone, ranging from private schools to office parks and apartment complexes. Over $200 million has been allocated towards capital improvement projects, between the Airport, Engineering, Parks, and Public Works departments. Dallas is the most populous city in the Dallas-Fort Worth Metroplex, which is the fourth most populous metropolitan area in the United States. Dallas’s storied city prominence arose from its historical importance as the center for the oil industry and its position along numerous railroads. The major construction of the interstate highway system reinforces Dallas’s prominence as a transportation hub with four major interstate highways converging on the city and a fifth interstate loop around it. Dallas is known as a strong industrial financial center and a major inland port due to these highways and railroad systems, as well as the Dallas/Fort Worth International Airport, which serviced over 67,000,000 passengers in 2017. The city is home to 337 public schools, 89 private schools, 38 colleges, and 32 libraries. Dallas is the center of education for much of the south central United States and features even further universities and schools just outside of the city limits. The Dallas-Fort Worth MSA has one of the largest concentrations of corporate headquarters for publicly traded companies in the United States. Fortune Magazine’s 2017 list of the Fortune 500 in America indicates the city of Dallas has 9 fortune 500 companies, and the Dallas-Fort Worth region as a whole has 22, reflecting the continued growth in the metro economy.