27078 US-380 - Retail FOR SALE


Little Elm, TX 75068
$1,750,000 USD
214-960-2835
27078 US-380, Little Elm, TX for Sale
$1,750,000 USD
Retail - FOR SALE
1/5
null | 6% Cap Rate

27078 US-380
Little Elm, TX 75068


HIGHLIGHTS

  • 20-Year Lease Through February 2043; Rent Escalations Every 5-Years & Two, 5-Year Renewal Options
  • Large, 0.83-Acre Parcel, Drive-Thru, Walk-Up Window, Large Outdoor Patio/Recreation Area & Direct Access to US 380
  • Explosive Growth Along Highway 380 (42,200 VPD-24); TXDOT Projects Over 112,500 VPD on US 380 by 2045
  • Proximity to Notable New Costco, H-E-B, Walmart, Kroger & Other Large-Format Retail Developments
  • Average Household Income Exceeds $160,600 & $165,000 in a 1 & 3-Mile Radii, Respectively
  • Over 978% Population Increase from 2000 to 2024

OVERVIEW

Boundaries Coffee is a freestanding, 858 square foot drive-thru asset situated on approximately 36,154 square feet (0.83 acres) along the high-profile US Highway 380 (University Drive) frontage in the affluent, highly desirable northern DFW submarket of Little Elm, Texas. The Property is approximately 40 minutes northwest of Downtown Dallas, minutes from OMNI PGA Resort, Fields West development and Universal Parks & Resort. Boundaries Coffee recently executed a brand new 20-year ground lease through February 2043. The lease features rent escalations every 5 years and two, 5-year renewal options. Built in 2023, the Property benefits from a large, 0.83-acre parcel demonstrating strong residual value, highly-visible frontage to Highway 380 with direct ingress/egress, a drive-thru, a walk-up window and a sizable outdoor patio/recreation area. The 858 square foot building also includes a 330 square foot mezzanine area.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$2,040 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Boundaries Coffee

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Fast Food, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.83 AC

LAND SF

36,155 SF

ZONING

-

APN/PARCEL ID

R496143

ASK ABOUT THIS PROPERTY

Tim AxilrodSHOP CompaniesMore Info
214-960-2835

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Tim AxilrodSHOP CompaniesMore Info
214-960-2835

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.