1658 University DrMcKinney, TX 75069

Property Details for 1658 University Dr

Property size (Sq ft)

532 SF

Property type

Retail properties

Property subtype

Retail space

Description

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.

Location Insight

City

McKinney

County

Collin

State

Texas

Latitude

33.2169

Longitude

-96.6303

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