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Dutch Brothers 3850 W University Dr 950 SF Retail Building McKinney, TX 75071 $2,302,000 ($2,423.16/SF) 4.30% Cap Rate
INVESTMENT HIGHLIGHTS
- Over 12 Years Remaining on Initial Term | Scheduled Rental Bumps | Drive-Thru Equipped | Extra Large Lot (1.30 Acres)
- Co-tenancy With National/Credit Tenants | Frontage Visibility | High Traffic Count (+/- 70,000 VPD) | Dense Retail Corridor
- Absolute NNN Ground Lease | Leased Fee Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
EXECUTIVE SUMMARY
• 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
• 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
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
950 SF
Building Class
B
Year Built
2023
Price
$2,302,000
Price Per SF
$2,423.16
Cap Rate
4.30%
NOI
$99,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
1.30 AC
Zoning
C3 - Regional Commercial District
Parking
19 Spaces (20 Spaces per 1,000 SF Leased)
Frontage
39’ on West University Drive
AMENITIES
- Drive Thru
- Monument Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R-9274-00A-02BR-1 | Improvements Assessment | $879,663 |
| Land Assessment | $3,763,584 | Total Assessment | $4,643,247 |
PROPERTY TAXES
Parcel Number
R-9274-00A-02BR-1
Land Assessment
$3,763,584
Improvements Assessment
$879,663
Total Assessment
$4,643,247
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Dutch Brothers | 3850 W University Dr
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