4702 University dr - Fast Food FOR SALE


McKinney, TX 75071
$3,714,000 USD
214-960-2835
4702 University dr, McKinney, TX for Sale
$3,714,000 USD
Fast Food - FOR SALE
1/8
null | 5.25% Cap Rate

4702 University dr
McKinney, TX 75071


HIGHLIGHTS

  • New 15-Year Lease Through January 2040; Rent Escalations Every 5-Years & Four, 5-Year Renewal Options; Zero Landlord Responsibilities
  • +/- 1.17-Acre Parcel, Drive-Thru, Walk-Up Window, 1,200 SF Outdoor Patio/Recreation Area & Direct Access to US 380
  • Birdcall with Locations in CO, TX & AZ with Plans for 200 Locations by 2028; Reported AUV of Approximately $2.9MM
  • Explosive Growth Along Highway 380 (50,900 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 $160,900, $173,700 in a 1 & 3-Mile Radii, Respectively

OVERVIEW

Birdcall is a corporately guaranteed 15-year absolute-net ground leased asset positioned directly on Highway 380 in the high-growth affluent northern Dallas submarket of McKinney, Texas. Leased through January 2040, The Property features zero landlord responsibility and 10% rent escalations every 5 years with four, 5-year renewal options at 10% increases. Positioned on a +/- 1.17-acre parcel, Birdcall is a freestanding, 2,663 square foot drive-thru asset with a 1,200 square foot patio that benefits from exceptional frontage along the high-profile Highway 380, boasting over 50,900 VPD. The Property is approximately 40 minutes northeast of Downtown Dallas, and in proximity to the PGA Resort, Fields West development and Universal Parks & Resort. Built in 2025, Birdcall benefits from a large, +/- 1.17-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. Notable national retailers include Costco, Kroger, The Home Depot, Lowe’s, Target, Ross, Ulta, Best Buy, Walgreens, At Home and Marshalls amongst others.

FOR SALE DETAILS

PRICE

$3,714,000 USD

PRICE/SF

$1,395 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Birdcall Ground Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.17 AC

LAND SF

50,965 SF

ZONING

F1

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Tim AxilrodSHOP CompaniesMore Info
214-960-2835

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Tim AxilrodSHOP CompaniesMore Info
214-960-2835

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