Investment Summary
Price | $2,053,000 |
Cap Rate | |
NOI | |
Lease Term | 15 years |
Lease Type | |
Rental Increases | |
Year Built | |
Building Size | |
Lot Size | |
Status | Sold |
Lead Brokers | Ryan Forsyth Vice Chairman 415.413.3005 ryan.forsyth@cushwake.com CA RE License #01716551 Vincent Aicale Vice Chairman 415.690.5522 vince.aicale@cushwake.com CA RE License #01728696 Michael T. Yuras, CCIM Vice Chairman 415.481.0788 michael.yuras@cushwake.com CA RE License #01823291 Scott Crowle Executive Managing Director 415.604.4288 scott.crowle@cushwake.com CA RE License #01318288 |
Investment Highlights
Property Description
Sold
» Dutch Bros is located along Eldorado Parkway with excellent visibility and access to 30,996 vehicles per day in front of the site
» The site benefits from its proximity to U.S. Highway 75/Sam Johnson Highway and Sam Rayburn Tollway/ TX-399 Spur which experiences 163,248 combined vehicles per day
» The property is 2.6 miles from Historic Downtown McKinney (100,000 annual visitors) and minutes from Collin College McKinney, Medical City McKinney (285 beds), and Baylor Scott & White Medical Center – McKinney (192 beds)
» The site is close to several shopping centers including McKinney Marketplace (directly across the street), Eldorado Plaza (less than a mile), and Allen Premium Outlets (120+ stores) Dallas-Fort Worth’s premier outlet destination
» The location is surrounded by schools within the McKinney Independent School District (31 schools, 24,500+ total student enrollment)
» The site is within walking distance to several apartment complexes with over 1,200 units
» The property is well-positioned in a rapidly growing community and supported by an immediate population of 195,925 (a 38% growth since 2010) within a five-mile radius
» Situated in the heart of affluent, established neighborhoods in McKinney with an average annual household income of $130,872 within five miles of the site, with projections to increase 13% by 2027
» The site is 32.1 miles from Dallas (1.3 million residents), the third largest city in Texas and the largest city in the Dallas–Fort Worth metroplex which is the fourth largest metropolitan area in the United States at 7.5 million people