1658 University DrMcKinney, TX 75069

For Lease
Call for price

NNN Ground Lease, 9 Years Remaining

Overview

Added:
Dec 11, 2024
Days on market:
93
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.

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

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1658 University Dr
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