Investment Offering
McKinney, TX - Hat Creek Burger
3321 S. Custer Road | McKinney, TX 75070
$4,357,000
Price6%
Cap Rate$261,420
NOI4,227
± SF Offering GLADescription
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, corporate guaranteed, drive-thru equipped Hat Creek Burger Company investment property located in McKinney, TX (Dallas-Ft. Worth MSA). The tenant, Hat Creek Burger McKinney, LLC, has over 19 years of firm term remaining with 4 (5-year) additional option periods to extend. The lease features annual 1.50% rental increases throughout the initial term and option periods, steadily growing NOI and hedging against inflation. The lease is guaranteed by the corporate entity and is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor. Founded in 2008, Hat Creek Burger Company has grown to be a Texas-favorite QSR chain with 26 operating restaurants.
Location
Hat Creek is strategically located along Custer Road with clear visibility and access to an average of 29,300 vehicles passing by daily. Custer Road is a major commuter route that conveniently connects to major highways and interstates, providing direct access to Downtown Dallas/Ft. Worth and connecting the MSA. The property
is ideally situated within a dense retail corridor and is within proximity to Custer Star Center (213K+ SF) and Market Place at Eldorado (2023 build - 118K+ SF). The surrounding national/credit tenants include Kroger, H-E-B, Petco, Chick-fil-A, Popeyes, Starbucks, among many others. In addition, the property is near numerous schools, a major community park, and Methodist McKinney Hospital (23 beds), making the subject an ideal lunch or dinner option for the community. Furthermore, the asset is near numerous single-family communities and multi-family complexes including The Adley Craig Ranch (251 units), Discovery at Craig Ranch (366 units), The Florence (262 units), and others, providing a direct residential consumer base. The 5-mile trade area is supported by over 310,700 residents and 52,700 daytime employees. Residents within 1-, 3-, and 5-miles of the subject boast an affluent average household income of $184,020, $167,494, and $171,534, respectively.
Documents & Links
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 Offering Memorandum |  |  |
Contact
Matthew Mousavi
Sr Managing Principal & Co-Head of National Net Lease
949.698.1116949.698.1116[email protected]CA #: 01732226
Patrick Luther, CCIM
Sr Managing Principal & Co-Head of National Net Lease
949.698.1115949.698.1115[email protected]CA #: 01912215