1530 W Princeton Dr - Storefront Retail/Office FOR SALE


Princeton, TX 75407- Rowlett/Wylie
$5,849,000 USD
214-335-4068
1530 W Princeton Dr, Princeton, TX for Sale
$5,849,000 USD
Storefront Retail/Office - FOR SALE
1/10
null | 6% Cap Rate

1530 W Princeton Dr
Princeton, TX 75407
Rowlett/Wylie


HIGHLIGHTS

  • New Construction Four Tenant Drive Thru Retail Asset Located in the High-Growth Northern DFW Submarket of Princeton, TX (Adjacent to McKinney, TX)
  • Average Base Lease Term Expiration of October 2037
  • Each Tenant Experiences Annual Built In Escalations
  • Exceptional Tenant Line Up with Swig (Drive Thru End Cap), The UPS Store, Kumon & Princeton Kids Dentistry & Orthodontics
  • Average Household Income Exceeds $117,800, $112,500 & $115,000 in a 1, 3 & 5 Mile Radii, Respectively
  • Fronting US Highway 380, a High-Profile North Texas Thoroughfare with 35,600 VPD Providing Convenient Connectivity to McKinney, Allen & Frisco

OVERVIEW

Princeton 380 Retail Center is a new developed, 8,638 square foot four tenant drive thru retail asset positioned along the extremely desirable Highway 380 corridor in high-growth DFW submarket of Princeton, Texas. Situated east of U.S. Highway 75, the Property is minutes from McKinney and 50 minutes northeast of Downtown Dallas. Situated on 1.32 acres, Princeton 380 Retail Center is 100% leased to complimentary tenant lineup which includes Swig (drive-thru end cap), The UPS Store, Kumon and Pediatric Dentistry of Princeton. The Property features an average base lease expiration is October 2037 with each of the tenants experience annual built in escalations throughout their terms including renewal options. Princeton 380 Retail Center benefits from strong fundamentals with masonry construction, a drive thru end cap for Swig, shallow bay depth, a two sided monument sign, an average suite size of 2,160 square feet providing strong residual value and parallel positioning to US Highway 380. The average household income exceeds 117,800, 112,500 and 115,000 in a one, three and five mile radius, respectively. Nearby national retailers include Market Street, Walmart Supercenter, CVS Pharmacy, Starbucks, Dutch Bros Coffee, Panda Express, AutoZone, McDonald’s, Taco Bell, Subway and 7-Eleven, among numerous others.

FOR SALE DETAILS

PRICE

$5,849,000 USD

PRICE/SF

$677 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Princeton 380 Retail Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Fast Food, Storefront, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.32 AC

LAND SF

57,499 SF

ZONING

-

APN/PARCEL ID

R-13241-00A-0060-1

ASK ABOUT THIS PROPERTY

Tommy TuckerSHOP CompaniesMore Info
214-335-4068

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Tommy TuckerSHOP CompaniesMore Info
214-335-4068

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