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Dutch Brothers 3850 W University Dr 950 SF Retail Building McKinney, TX 75071 $3,188,063 CAD ($3,355.86 CAD/SF) 4.30% Cap Rate
INVESTMENT HIGHLIGHTS
- Over 12 Years Remaining on Initial Term | Scheduled Rental Bumps | Drive-Thru Equipped | Extra Large Lot (1.30 Acres)
- Co-tenancy With National/Credit Tenants | Frontage Visibility | High Traffic Count (+/- 70,000 VPD) | Dense Retail Corridor
- Absolute NNN Ground Lease | Leased Fee Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
EXECUTIVE SUMMARY
• Dutch Bros has over 12 years remaining on its initial 15-year term, with 6 (5-year) options to extend, demonstrating long-term commitment to the site
• The lease features 10% rental increases every 5 years during the initial
term and at the beginning of each option period, growing NOI and hedging against inflation
• The first rental increase occurs in March 2028, increasing NOI to $108,900
• The site offers an extra-large 1.30 acre lot, allowing for future development and long-term redevelopment opportunities
• The lease features 10% rental increases every 5 years during the initial
term and at the beginning of each option period, growing NOI and hedging against inflation
• The first rental increase occurs in March 2028, increasing NOI to $108,900
• The site offers an extra-large 1.30 acre lot, allowing for future development and long-term redevelopment opportunities
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
950 SF
Building Class
B
Year Built
2023
Price
$3,188,063 CAD
Price Per SF
$3,355.86 CAD
Cap Rate
4.30%
NOI
$137,106 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
1.30 AC
Zoning
C3 - Regional Commercial District
Parking
19 Spaces (20 Spaces per 1,000 SF Leased)
Frontage
39’ on West University Drive
AMENITIES
- Drive Thru
- Monument Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R-9274-00A-02BR-1 | Improvements Assessment | $1,216,917 CAD |
| Land Assessment | $5,206,504 CAD | Total Assessment | $6,423,421 CAD |
PROPERTY TAXES
Parcel Number
R-9274-00A-02BR-1
Land Assessment
$5,206,504 CAD
Improvements Assessment
$1,216,917 CAD
Total Assessment
$6,423,421 CAD
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Dutch Brothers | 3850 W University Dr
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