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1658 University DrMcKinney, TX 75069

NNN Ground Lease, 9 Years Remaining

Overview

Added:
Dec 11, 2024
Days on market:
119
This exceptional investment opportunity presents a 532 square foot Jamba Juice storefront located at 1658 W University Dr, McKinney, TX 75069. The property is situated on a high-traffic corridor (US 380), boasting over 30,647 vehicles per day, and benefits from a strong retail environment anchored by Sam's Club and surrounded by major retailers such as Kroger, WinCo, Academy Sports + Outdoors, Target, Lowe's, and Home Depot. The tenant operates under a 15-year ground lease with approximately 9 years remaining and four 5-year renewal options, showcasing a long-term commitment. The lease includes attractive 10% rental increases every five years, providing inflation protection and growing net operating income (NOI). This is an absolute NNN lease, meaning zero landlord responsibilities, making it an ideal, management-free investment for passive investors. The building features Jamba Juice's newer prototype design with modern amenities and a drive-thru lane for increased efficiency and sales. The corporate guarantee from Jamba Juice Company, a subsidiary of Focus Brands (a large, multi-brand company), provides significant financial security. This turnkey investment offers a compelling combination of strong tenant, location, and lease terms.

Highlights

  • 532 SF Jamba Juice storefront in high-traffic McKinney, TX location (US 380, 30,647 VPD).
  • 15-year ground lease with ~9 years remaining and four 5-year renewal options.
  • Absolute NNN lease with 10% rental increases every five years; zero landlord responsibilities.
  • Strong tenant (Jamba Juice, subsidiary of Focus Brands) with corporate guarantee; modern building featuring a drive-thru.

Property Details for 1658 University Dr

Property type
Retail properties, Retail space
RSF (Rentable sq. ft)
532 SF

Unit(s) available at that property

Space
Available Space
Size
532 SF

Location Insight

City
McKinney
County
Collin
State
Texas
Latitude
33.2168831
Longitude
-96.6302956
1658 University Dr, McKinney, Texas

FAQs

What type of property is this?
Retail property - NNN Ground Lease, 9 Years Remaining
Where is the retail property located?
The property is located at 1658 University Dr McKinney, TX.
What are key features of this property?
This property features: 532 SF Jamba Juice storefront in high-traffic McKinney, TX location (US 380, 30,647 VPD).; 15-year ground lease with ~9 years remaining and four 5-year renewal options.; Absolute NNN lease with 10% rental increases every five years; zero landlord responsibilities.
How can I contact the broker?
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1658 University Dr
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