Jamba Juice NNN Ground
For Sale
Contact for pricing
1658 W University Dr, McKinney, TX 75069
NNN ground lease with a corporately guaranteed tenant.
Property Size532 SF
Days on Market759
Property Features for 1658 W University Dr
General Information
Standard status
Active
Size
532 SF
Property subtype
Retail
Lease Type
Absolute Net
Net Operating Income
$82,500
Building Details
Year Built
2013
Year Renovated
2019
Tenancy
Single
Listing Agency:
Weitzman Dallas
(214) 720-6661
Listed By:
Michelle Caplan · License #TX#464232
Source:
Crexi
Added: Jul 18, 2024
Changed: Aug 8
Last Checked: May 12 at 8:50PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Weitzman Dallas
Investment Insights
Based on property information with market context.
This offering is for a Jamba Juice, operating under a 15-year ground lease with approximately 9 years remaining, located at 1658 West University Drive (US 380) in McKinney, Texas. The tenant has 4 (5-year) options to extend. The lease includes 10% rental increases every 5 years throughout the initial term and at the beginning of each option period. The lease is corporately guaranteed by Jamba Juice Company, which is owned by Focus Brands. Focus Brands owns 7 brands (Moe’s Southwest Grill, Schlotzsky’s, McAlister’s Deli, Auntie Anne’s, Cinnabon, Carvel, and Jamba Juice), totaling over 6,600 locations worldwide. This absolute NNN ground lease has zero landlord responsibilities. The building, with an area of 532 square feet, features Jamba Juice’s newer prototype with modern amenities and design, and includes a drive-thru lane. The property is situated along US 380 (W University Drive), which sees over 30,647 vehicles per day, and is anchored by a Sam’s Club. Several major retailers surround the property, including Kroger, WinCo, Academy Sports + Outdoors, Target, Lowe’s and Home Depot.
Key Highlights
- Absolute NNN ground lease offers a completely passive investment.
- Corporate guarantee by Jamba Juice Co., part of Focus Brands, a company with 6,600+ locations.
- Attractive 10% rental increases every 5 years, growing NOI.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,177
Businesses Nearby
493k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 40%
Dining 19%
Groceries 15%
Apparel 14%
Walmart
Superstores
103,954 visits/mo
0.3 miles
Sam's Club
Superstores
91,623 visits/mo
0.1 miles
Academy Sports + Outdoors
Apparel
53,456 visits/mo
0.3 miles
WinCo Foods
Groceries
47,538 visits/mo
0.2 miles
Sam's Club Gas Station
Shops & Services
29,524 visits/mo
0.1 miles
Demographics for 75069, TX
39,084
Population
16,958
Households
2.3
Avg Household Size
38
Median Age
37%
College-Educated
88%
High-School Grad
33.7 sq mi
ZIP Area
1,160
Density / Sq Mi
$82,804
Median Household Income
$42,816
Median Earnings
$1,530
Median Rent
$413,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- Drip N Roll — 1681 N Central Expy STE 700, McKinney, TX 75070
- Us 380 & Us 75 — 1787 N Central Expy, McKinney, TX 75070
- Starbucks — 2025 N Central Expy, McKinney, TX 75070
- Central Perks Cafe — 2200 W University Dr, McKinney, TX 75071
- Starbucks — Cameron Crossing, 1787 N Central Expy, McKinney, TX 75070
Frequently Asked Questions
What type of property is this?
Coffee shop - NNN ground lease with a corporately guaranteed tenant.
Where is this coffee shop located?
The property is located at 1658 W University Dr McKinney, TX.
What are key features of this property?
This property features: Absolute NNN ground lease offers a completely passive investment.; Corporate guarantee by Jamba Juice Co., part of Focus Brands, a company with 6,600+ locations.; Attractive 10% rental increases every 5 years, growing NOI.
