1530 N Hardin Blvd McKinney, TX 75070

This property features a brand new 20-year absolute NNN lease with 7.50% rental escalations every 5 years and four 5-year options to renew. The property is situated on a large 1.04-acre lot with visibility and access on Hardin Blvd, which has traffic counts of 15,273 CPD. It is located a quarter mile south of US-380, which has traffic counts of 54,804 CPD. The property is a new build-to-suit of Freddy’s latest prototype with an 11-car stack in the drive-thru, slated to open in August 2025. The tenant, Ram-Z Custard, LLC, owns and operates 75 locations, including 40 Freddy’s restaurants (including those currently under construction), making it the 6th largest Freddy’s franchisee in the U.S., and 35 Schlotzsky’s locations, making it the largest Schlotzsky’s franchisee in the country. All units back the performance of the lease. The property is strategically positioned adjacent to Raytheon’s Manufacturing facility (over 3,000 employees) and blocks away from Costco, Hobby Lobby, Cinemark, and 24 Hour Fitness. The total population within a 5-mile radius is projected to be 193,450 in 2025, with an average household income of $170,203 within a 1-mile radius. The property size is 2,530 square feet.