McKinney, TX - Cafe Zupas
$5,289,000
4004 W. University Dr, McKinney, TX 75071
4.5
Cap Rate
238,000
NOI
Details:
Description:
• Cafe Zupas L.C. Corporate guaranteed lease
• 15-year ground lease with 3 (5-year) options extend
• The lease feature 10% rental increases every five years throughout the initial term and at the beginning of each option period
• The site offers a large 1.21-acre lot, allowing for future development and long-term redevelopment opportunities
• Cafe Zupas is positioned within a dense retail corridor anchored by national and credit tenants, including Costco, At Home, Petco, Hobby Lobby, Marshalls, Dave & Buster’s, and EOS Fitness
• The site benefits from excellent frontage and visibility along W. University Drive, which sees approximately +/- 70,000 vehicles per day
• Cafe Zupas is part of a fully developed mixed-use center featuring a dynamic lineup of national, credit tenants, including CAVA, Dave’s Hot Chicken, Einstein Bros Bagels, Cold Stone Creamery, Crumbl, Panera, Taco Bell, and more
Location
Gallery