1658 W University Dr McKinney, TX 75069
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NNN ground lease with a corporately guaranteed tenant.
Type:Retail
Property size:
532 SF- Added:
- Jul 18, 2024
- Days on Market:
- 639
- Last Refresh:
- Mar 17 at 1:26 pm
Property Features for 1658 W University Dr
General Information
- Standard status
- Active
- Size
- 532 SF
- Property subtype
- Retail
Listing agent Michelle Caplan License #TX#464232
Listing office Weitzman Dallas (214) 720-6661
Listing date Jul 18, 2024
Source Crexi
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
Overview
Jamba Juice NNN Ground Lease
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.
Location Intelligence
Current Use by Public Records
Jamba
Specialty Food Shop
Similar Places 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
Location Insight
- Map
- Local Demand
- City
- McKinney
- County
- Collin
- State
- Texas
- Longitude
- -96.6299656
- Latitude
- 33.2183475
Nearby Similar for Sale
FAQs
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.
