Twin Peaks

McKinney, Texas

● 20-Year Corporate Absolute-Net Sale-Leaseback | Lease Will be Backed by 100+ Locations in 26 States, in the US and Mexico | Deep Pipeline of New Units Coming Online
● Brand-New Construction | 6,800 Square Foot Building on a Large 2.10-Acre Lot | Property is Projected to Open for Business in Summer of 2024
● Dense & Growing Retail Corridor | Immediate Proximity to: Starbucks, Dunkin’, Dollar Tree, Auto Zone, Five Guys, O’Reilly Auto Parts, CVS, Costco, Petco, and Many More
● Affluent Suburban Community | Average Household Income Exceeds $121,000 for Homes within Five Miles of the Subject Property

Key Details

Price:: $5,000,000
Cap Rate:: 6.00%
Annual Rent:: $300,000
Address:: 3702 W University Drive, McKinney, Texas 75071
Lease Type:: Triple Net (NNN)

Lease Commencement:: COE
Lease Expiration:: 20 Years from COE
Lease Term Remaining:: 20 Years
Rental Increases:: 8.0% Every Five Years
Lot Size:: 2.10 Acres
Building Size:: 6,800 SF
Year Built:: 2024
Tenant:: Twin Peaks

Talk to the pros

Glen Kunofsky

gkunofsky@nnnpro.com

License: 49KU1129178

Alexandre Marietto

amarietto@nnnpro.com

License: 10401294047

Jack Winslow

jwinslow@nnnpro.com

License: 10401334977

Broker of record

Brian Brockman

Bang Realty - Texas, Inc

License: 701472

Similar Properties

available

available

available

available