27078 Us-380 Little Elm, TX 75068
- Retail properties
- 858 SF
- 0.83 lot acres
Current Use by Public Records
- Retail properties
Property Details for 27078 Us-380
- Year built
- 2023
- Lot size
- 0.83 lot acres
- Property size
- 858 SF
- Property type
- Retail properties
Description
This exceptional investment opportunity presents a freestanding, 858 square foot quick-service restaurant (QSR) building on a 0.83-acre lot in Little Elm, Texas. Located on high-traffic US Highway 380, this property boasts a prominent location with excellent visibility and direct access. The single-tenant, Boundaries Coffee, occupies the entire building, benefiting from a newly executed 20-year ground lease extending to February 2043, including rent escalations every five years and two five-year renewal options. Built in 2023, the property features a drive-thru, walk-up window, and a sizable outdoor patio. The building also includes a 330 square foot mezzanine area. This prime location is experiencing explosive growth, with projected traffic increases on US Highway 380 and proximity to major retail developments, including Costco, H-E-B, Walmart, and Kroger. The area also benefits from significant residential development and high average household incomes exceeding $160,600 within a one-mile radius and $165,000 within a three-mile radius. The property's strategic location near the OMNI PGA Resort, Fields West development, and the Universal Parks & Resort further enhances its investment potential. The 6% cap rate and strong lease terms make this a compelling investment opportunity in a thriving Texas market. The property offers a significant return on investment with substantial future growth potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Little Elm
- County
- Denton
- State
- Texas
- Longitude
- -96.9531
- Latitude
- 33.1659
