Listed by Summit Real Estate
$8,670,000
Trader Joe's
Details
Property Type Retail
Sub Type Grocery Store
Square Footage 13,269
Cap Rate 4.65%
NOI $402,979
Tenancy Single
Brand/Tenant Trader Joe's
Lease Type NNN
Lease Term 10
Lease Expiration 04/30/2036
Rent Bumps Yes
Lease Options 4 x 5
Price per SqFt $653
Class A
Year Built 2026
Acreage 2.230
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 05/01/2026
Ground Lease No
Brand New 2026 Construction | Single Tenant Grocer | Institutional-Grade Tenant
Investment highlights
- Brand New 2026 Construction With a Full 10-Year Corporate Lease Trader Joe’s Executed a Fresh 10-Year Primary Term Commencing May 2026 With Four 5-Year Renewal Options
- Max of CPI or 10% Rent Escalations Provide a Built-In Inflation Hedge Every 5 Years Across the Primary Term And All Four Renewal Options
- Trader Joe’s Is Widely Regarded as the Highest-Grossing Grocer in the U.S. on a PSF Basis, with Industry Estimates Placing Sales at Over $2,000 PSF, More than 2X its Nearest Competitor Whole Foods. As Of 2024, Average Per-Store Gross Sales Are Estimated at Approximately $26 Million, Placing Trader Joe’s Among the Top-Performing Grocery Concepts in the Country
- Privately Held, Institutional-Grade Tenant Trader Joe’s Is Privately Owned By Aldi Nord, One Of the Largest And Most Financially Disciplined Grocery Operators In the World
- Excellent Visibility Located on the SWC of Eldorado Parkway (24,966 VPDs) & Stonebridge Drive (14,403 VPDs)
- Located in Stonebridge Ranch – 6,250 Acre First Class Master-Planned Community with Over 9,400 Homes, 2 Country Clubs & Other Amenities
- Project will be Pad Site to a Crunch Fitness Opening in Late 2026 & Across Street from one of H-E-B’s 1st Locations in DFW which is Rumored to do Over $3M in Weekly Sales
- Outstanding Demographics | Average Household Income Exceeds $180,000 – 2.5X National Average
- Rapidly Growing North DFW Submarket | McKinney was Ranked 4th Fastest Growing Big City in the U.S. in 2020
- Newly Synergy And Surrounding Retailers Class A Development Immediately Surrounds This Asset. Tenant Line Up That Includes H-E-B Grocery, Sherwin Williams, FedEx, Verizon, Chipotle, Potbelly, Frost Bank, Dry Bar, And Many More…
Listing Contacts
Listed by Summit Real Estate
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$402,979.00
$33,581.58/mo
Valuation Metrics
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DSCR
4.65%
Cap Rate
4.65%
ROI
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