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Cafe Zupas 4004 University Dr 2,865 SF Retail Building McKinney, TX 75071 $5,289,000 ($1,846.07/SF) 4.50% Cap Rate
Investment Highlights
- 15-Year Lease | Corporate Guaranteed | Options To Extend | Drive-Thru Equipped | Scheduled Rental Increases
- Co-tenancy With National/Credit Tenants | Frontage Visibility | High Traffic Count (+/- 70,000 VPD) | Dense Retail Corridor
- Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area | 1ST Store in TX
Executive Summary
• 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
• 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
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Building Size
2,865 SF
Building Class
B
Year Built
2025
Price
$5,289,000
Price Per SF
$1,846.07
Cap Rate
4.50%
NOI
$238,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.67 AC
Zoning
C2 - Local Commercial
Parking
39 Spaces (13.61 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Restaurant
- Signage
- Drive Thru
Nearby Major Retailers
Property Taxes
| Parcel Number | R-6450-001-1090-1 | Improvements Assessment | $0 |
| Land Assessment | $454,396 | Total Assessment | $454,396 |
Property Taxes
Parcel Number
R-6450-001-1090-1
Land Assessment
$454,396
Improvements Assessment
$0
Total Assessment
$454,396
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Cafe Zupas | 4004 University Dr
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