4747 Fourth Army Dr - Storefront Retail/Office FOR SALE


Frisco, TX 75034
$11,052,000 USD
214-960-2835
4747 Fourth Army Dr, Frisco, TX for Sale
$11,052,000 USD
Storefront Retail/Office - FOR SALE
1/8
null | 6% Cap Rate

4747 Fourth Army Dr
Frisco, TX 75034


HIGHLIGHTS

  • 100% Leased, 18,863 SF 2019 Construction Neighborhood Retail Asset in the Affluent, High-Profile DFW Submarket of Frisco, TX
  • Average Household Income Exceeds $220,619 and $168,682 in a 1 & 3 Mile Radii, Respectively
  • Average Rent of $34.76 NNN Providing Sustained Rent Growth Potential
  • Frisco Ranked in 2024 as the #3 Fastest Growing City in the U.S. (Fortune) and #1 Best Place to Live for Families in Texas (Fortune)

OVERVIEW

Shops on Lebanon is an 18,863 square foot, 2019 construction multi-tenant neighborhood retail asset located in the affluent, high-growth DFW submarket of Frisco, Texas. The Property is located approximately 25 minutes north of Downtown Dallas with proximity to major Texas thoroughfares, Dallas North Tollway TX-121 and Highway 380. Shops on Lebanon is 100% leased to a relevant mix of service, health and wellness, and restaurant tenants including Beyond Pilates, Cotton Dentistry, Curated Design Partners, Icebox Cryotherapy, Dog Training Elite, Rebalance Wellness Solutions, Twinkle Star Dance, Mava’s Indian Kitchen, and Century Salon Suites. The average base lease term expiration is June 2028, and all tenants have at least one renewal option with over half of the tenants having built-in rent escalations within their primary term.

FOR SALE DETAILS

PRICE

$11,052,000 USD

PRICE/SF

$586 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Shops on Lebanon

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.57 AC

LAND SF

111,949 SF

ZONING

Commercial (F1)

APN/PARCEL ID

R683750

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.